StockNews.AI
BWMN
StockNews.AI
210 days

Bowman Awarded Multi-State Oil & Gas Related Geodetic Survey Contract

1. Bowman awarded a multi-state geodetic survey project for major energy company. 2. Project includes monitoring and maintaining 2,000 geodetic survey points. 3. Advanced techniques will enhance risk detection for pipeline infrastructure. 4. CEO emphasizes investment in geospatial capabilities for oil and gas challenges.

Mass Contract
+0.23%Current Return
VS
+1.6%S&P 500
$25.9701/21 07:46 AM EDTEvent Start
$26.0301/22 02:36 PM EDTLatest Updated
4m saved
Insight
Article

FAQ

Why Bullish?

The new contract indicates growth potential, similar to past project successes that boosted BWMN's revenue.

How important is it?

The article discusses a significant new contract that could drive growth and market presence.

Why Long Term?

sustained contracts like this can lead to ongoing revenue and market stability over time.

Related Companies

BWMN
RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure solutions and program management services to customers who own, develop and maintain the built environment, has been awarded a multi-state geodetic survey and monitoring project for one of North America’s largest energy infrastructure companies. Geodesy, also referred to as geodetics, is the science of measuring and representing the geometry, gravity and spatial orientation of Earth in temporally varying 3D. As part of the contract, Bowman will conduct quarterly surveys to assess infrastructure stability, evaluate geohazard risks and ensure compliance with regulatory requirements. This effort includes monitoring and maintaining over 2,000 existing geodetic survey points and installing approximately 34 new points along pipeline rights-of-way, providing comprehensive support for the long-term integrity of these essential systems. Bowman’s scope of work includes conducting precise geodetic measurements, installing durable survey markers and performing repeat monitoring using advanced measurement techniques and technologies. These methods enable Bowman to detect subtle ground movements and facilitate the early identification of potential risks to pipeline infrastructure. The collected data will be documented and integrated into the client’s geodatabase, enhancing decision-making processes and supporting proactive maintenance and hazard mitigation strategies. “Our extensive national geospatial services footprint allows us to quickly deploy skilled technical resources wherever and whenever our clients need them,” said Gary Bowman, chairman and CEO of Bowman. “By strategically investing in geospatial capabilities and technology, we can proactively address the unique challenges of the oil and gas industry and help safeguard vital infrastructure with the highest level of precision and care.” In addition to fieldwork, Bowman will manage project coordination, working with client representatives, local staff and land agents to ensure safety compliance, secure permits and perform pre-installation checks like utility locate requests and electronic sweeps to identify underground infrastructure. About Bowman Consulting Group Ltd. Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment. With over 2,300 employees in more than 100 locations throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

Related News