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Pason Systems Inc. (PSI.TO)

Toronto - Toronto Delayed Price. Currency in CAD
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18.91+0.21 (+1.12%)
As of 11:48AM EDT. Market open.

Pason Systems Inc.

6130 Third Street SE
Calgary, AB T2H 1K4

SectorBasic Materials
IndustryOil & Gas Equipment & Services
Full Time Employees550

Key Executives

Mr. Marcel KesslerChief Exec. Officer, Pres and Non-Independent Director1.14M52.83k50
Mr. Jon Faber CFA, CBVChief Financial Officer639.45kN/AN/A
Mr. Kevin BostonVP of Sales & Bus. Devel.508.81k46.1kN/A
Mr. Timur KuruPres of United States and Gen. Mang. of United States536.92kN/A42
Mr. Russell SmithVP of Operations - Offshore & International524.27k64.7kN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.


Pason Systems Inc. provides specialized data management systems for drilling rigs worldwide. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring multiple drilling parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder. It also provides Enhanced Pit Volume Totalizer, a well control system; Gas Analyzer to detect the changes in relative volumes of hydrocarbon gases; Hazardous Gas Alarm System, which detects the presence of combustible gases and provides visible and audible alerts; Pit Volume Totalizer used to measure, display, and provide alarms for the main mud system; Rig Communications provides remote data communications for drillers; Rig Display, a touch screen computer to access services and applications on and around the rig floor; and SideKick, a rig floor computer that allows for data entry and displays information around the rig. In addition, the company offers abbl Directional Express that allows operations engineers to manage deliverables on multiple wells; DataHub, a Web application that collects, stores, and displays drilling data, reports, and real-time information for remote access; Directional System, an application that enables directional drillers to monitor and manage multiple wells; and Drilling Guidance System that offers real-time guidance. Further, it provides Live Rig View, which displays real-time drilling data to provide an overview of current rig activity; Live Rig View Mobile application that delivers real-time drilling data; Tour Sheet Analytics, which delivers insight into the data; and WellView Field Solution, a corporate well file to drill and follow through to the well completion, as well as offers discovery analytics which enables energy producers to make informed decisions on how to enhance production, operations, and profitability. The company was founded in 1978 and is headquartered in Calgary, Canada.

Corporate Governance

Pason Systems Inc.’s ISS Governance QualityScore as of June 2, 2017 is 4. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 3; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.