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August 31, 2015 8:55 PM ET

Energy Equipment and Services

Company Overview of Seitel Inc.

Company Overview

Seitel, Inc. provides onshore and offshore seismic data to the oil and gas industry in North America. It is involved in seismic data acquisition, data licensing, data processing, and reproduction activities. As of February 18, 2015, the company owned approximately 41,000 square miles of 3D onshore data, and 10,000 square miles of 3D offshore data. It also owns a library of 3D offshore data covering parts of the shelf and certain deep water areas in the Western and Central U.S. Gulf of Mexico. In addition, the company owns or manages approximately 1.1 million linear miles of two-dimensional data primarily in North America. It serves independent oil and gas companies, integrated oil and gas co...

Building C

Suite 100

10811 South Westview Circle Drive

Houston, TX 77043

United States

Founded in 1982

138 Employees

Phone:

832-295-8300

Fax:

832-295-8301

Key Executives for Seitel Inc.

Chief Executive Officer, President and Director
Age: 60
Chief Financial Officer, Executive Vice President, Treasurer and Assistant Secretary
Age: 55
Chief Operating Officer, Executive Vice President and Director
Age: 63
President of Seitel Data Ltd
Age: 49
President of Seitel Canada, Ltd
Age: 57
Compensation as of Fiscal Year 2015.

Seitel Inc. Key Developments

Seitel Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure Guidance for the Second Half and Full Year 2015

Seitel Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s revenue was USD 30,722,000 against USD 47,334,000 a year ago. Income from operations was USD 4,745,000 against USD 10,543,000 a year ago. Loss before income taxes was USD 1,544,000 against income before income taxes of USD 5,236,000 a year ago. Net loss was USD 2,276,000 against net income of USD 2,575,000 a year ago. Cash EBITDA was USD 9,977,000 against USD 20,200,000 a year ago. Total revenue is primarily comprised of underwriting revenue related to new data acquisition and resale licensing revenue. For the six months, the company’s revenue was USD 55,048,000 against USD 104,387,000 a year ago. Loss from operations was USD 423,000 against income from operations of USD 22,187,000 a year ago. Loss before income taxes was USD 14,478,000 against income before income taxes of USD 9,385,000 a year ago. Net loss was USD 9,922,000 against net income of USD 4,467,000 a year ago. Cash EBITDA was USD 16,722,000 against USD 46,318,000 a year ago. Net cash capital expenditures were USD 16,731,000. The decrease in cash EBITDA from 2014 to 2015 in both periods was primarily due to the reduced level of cash re-sales. For the second half of 2015, the company expects net cash capital expenditures of USD 12,000,000. For the full year 2015, the company expects net cash capital expenditures of USD 28,731,000.

Seitel Inc. to Report Q2, 2015 Results on Aug 10, 2015

Seitel Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 10, 2015

Seitel Inc., Q2 2015 Earnings Call, Aug 11, 2015

Seitel Inc., Q2 2015 Earnings Call, Aug 11, 2015

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