November 28, 2014 4:07 AM ET

Energy Equipment and Services

Company Overview of Seitel Inc.

Company Overview

Seitel, Inc. provides onshore seismic data to the oil and gas industry in North America. The company is involved in seismic data acquisition, seismic data licensing, seismic data processing, and seismic reproduction activities. It owns approximately 40,000 square miles of onshore three-dimensional (3D) data, which consists of 26,800 square miles in the United States and 13,200 square miles in Canada. The company 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, it owns or manages approximately 1.1 million linear miles of two-dimensional (2D) data primarily in North America. The company...

10811 South Westview Circle Drive

Building C

Suite 100

Houston, TX 77043

United States

Founded in 1982

129 Employees

Phone:

832-295-8300

Fax:

832-295-8301

Key Executives for Seitel Inc.

Chief Executive Officer
Age: 58
Chief Financial Officer
Age: 53
Chief Operating Officer
Age: 61
President of Seitel Data Ltd
Age: 47
President of Seitel Canada
Age: 55
Compensation as of Fiscal Year 2014.

Seitel Inc. Key Developments

Seitel Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditure Guidance for the Fourth Quarter and Full Year of 2014

Seitel Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenue was $41,299,000 against $44,410,000 a year ago. Income from operations was $15,780,000 against $6,225,000 a year ago. Income before income taxes was $8,578,000 against $753,000 a year ago. Net income was $4,486,000 against $237,000 a year ago. Cash EBITDA was $23,279,000 against $13,927,000 a year ago. For the nine months, revenue was $145,686,000 against $143,305,000 a year ago. Income from operations was $37,967,000 against $34,210,000 a year ago. Income before income taxes was $17,963,000 against $9,964,000 a year ago. Net income was $8,953,000 against $8,343,000 a year ago. Net cash capital expenditures were $23,680,000. Cash EBITDA was $69,597,000 against $48,284,000 a year ago. For the fourth quarter of 2014, the company forecasted net cash capital expenditures are $9,020,000. For the full year of 2014, the company estimated net cash capital expenditures of $32,700,000.

Seitel Inc. to Report Q3, 2014 Results on Nov 10, 2014

Seitel Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 10, 2014

Seitel Inc., Q3 2014 Earnings Call, Nov 11, 2014

Seitel Inc., Q3 2014 Earnings Call, Nov 11, 2014

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