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November 28, 2015 9:37 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





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 Third Quarter and Nine Months Ended September 30, 2015; Provides Capital Expenditures Guidance for Remainder of 2015, full year of 2015 and 2016

Seitel Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company’s revenue was USD 31,242,000 against USD 41,299,000 a year ago. Income from operations was USD 1,285,000 against USD 15,780,000 a year ago. Loss before income taxes was USD 5,234,000 against income before income taxes of USD 8,578,000 a year ago. Net loss was USD 4,055,000 against net income of USD 4,486,000 a year ago. Cash LBITDA was USD 602,000 against cash EBITDA of USD 23,279,000 a year ago. For the nine months, the company’s revenue was USD 86,290,000 against USD 145,686,000 a year ago. Income from operations was USD 862,000 against USD 37,967,000 a year ago. Loss before income taxes was USD 19,712,000 against income before income taxes of USD 17,963,000 a year ago. Net loss was USD 13,977,000 against net income of USD 8,953,000 a year ago. Cash EBITDA was USD 16,120,000 against USD 69,597,000 a year ago. Net cash capital expenditures were USD 23,250,000. Estimated net cash capital expenditures for the remainder of 2015 are USD 6.2 million. The company expects 2015 net cash capital expenditures to be about USD 30 million. The company expects 2016 net cash capital expenditures to be significantly lower than the company’s levels this year.

Seitel Inc. to Report Q3, 2015 Results on Nov 11, 2015

Seitel Inc. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Nov 11, 2015

Seitel Inc., Q3 2015 Earnings Call, Nov 12, 2015

Seitel Inc., Q3 2015 Earnings Call, Nov 12, 2015

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