Pason describes itself as a leading provider of data management systems for the onshore oil and gas drilling rigs industry. At the beginning of 2024, it purchased Intelligent Wellhead Systems (IWS), which provides similar digital solutions for well completions, for $88.5 million, the largest acquisition in its history, using some of the $171.7 million in cash on its balance sheet. It also has a small but rapidly growing Solar and Energy Storage unit for management of solar panel farms.