David Wesson
Education: Master of Business Administration, Southern Methodist University’s Cox School of Business
Bachelor of Science, Agricultural Engineering, Texas A&M University
David Wesson has been a leader in the perforating and completions industry for the past three decades. And as he charges forward with his next venture, his career continues its impressive ascent.
“He's built businesses around technologies that his customers recognize as innovative and that they adopt because it helps them produce better results,” says David Daniel, GEODynamics Inc.’s manager of production enhancement solutions.
“His technical vision and his business acumen are superior, but together they produce synergistic results ... proven by the private entities he ran being acquired by public companies that saw the inherent value.”
Tech leader: Wesson is founder of GEODynamics, an international technological and manufacturing leader in perforating, downhole completion, intervention and wireline conveyed solutions. Its technology delivers downhole solutions that improve well economics, performance and life span.
GEODynamics also operates a technology evaluation center (GTEC) that offers a reliable assessment of perforating charge and system performance. Its laboratory helps clients develop, identify and use the right perforating systems for wells.
Wesson founded GEODynamics in 2003, and served as its president and chief executive until late 2017, when it was acquired by Oil States Int. Inc.
At the time of the sale, Oil States’ president and CEO Cindy Taylor called the acquisition a lucrative opportunity.
“It offers meaningful growth potential that combines technology with downhole consumable completion solutions that are ideal for the current operating environment which is characterized by longer lateral lengths, increased frac stages and a growing number of perforation clusters which help enhance well productivity,” she said. “Their products are complementary to our short-cycle elastomer products and completion services offerings, which will afford us additional revenue opportunities and allow us to service an expanded customer base.”
Career path: Wesson is today Oil States’ chief technology officer. He earlier spent about 10 years working as vice president of Core Lab, where he was also president of its Owen Oil Tools Division.In 1998, he founded InDepth Systems Inc., which was acquired by PetroWell in 2010.
Wesson is also the founder of the Aggie Angel Network, a non-profit that provides early-stage investment opportunities to accredited angel investors. He was founding chairman from 2010 to 2013 and continues to serve as a board director.
Accomplishments: GEODynamics has been honored several times by Aggie 100, which recognizes the accomplishments of entrepreneurs around the globe. Wesson is the author of eight patents.