PSI.TO - Pason Systems Inc.

Toronto - Toronto Delayed Price. Currency in CAD

Pason Systems Inc.

6130 Third Street SE
Calgary, AB T2H 1K4
Canada
403-301-3400
http://www.pason.com

SectorEnergy
IndustryOil & Gas Equipment & Services
Full Time Employees650

Key Executives

NameTitlePayExercisedYear Born
Mr. Marcel KesslerPres, CEO & Director1.75M223k1967
Mr. Jon Faber C.F.A., CPA, CFA, CBVChief Financial Officer912.15kN/AN/A
Ms. Natalie FenezGen. CounselN/AN/AN/A
Mr. Ben ThomasDirector of Support Services - United States Bus. UnitN/AN/AN/A
Amounts are as of December 31, 2018 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.

Description

Pason Systems Inc. provides instrumentation and data management systems for drilling rigs. 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, a control system; Rig Communications that 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 Pason Live, a Web-based data viewer, which provides visualization tools that display real-time drilling data; Tour Sheet Analytics, which delivers insight into the data; WellView Field Solution, a corporate well file that begins at the request to drill and follows through to the well completion; and VERDAZO visual analytics software, as well as training and maintenance services. The company has operations in Canada, the United States, and internationally. The company was founded in 1978 and is headquartered in Calgary, Canada.

Corporate Governance

Pason Systems Inc.’s ISS Governance QualityScore as of October 4, 2019 is 6. The pillar scores are Audit: 1; Board: 8; 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.