Seitel, Inc. is a leading provider of seismic data and related geophysical services to the oil and gas industry in North America. Seismic data is a crucial tool in mapping the earth’s subsurface and revealing the potential for hydrocarbon accumulations. It is key to the success of oil and gas exploration efforts and to the recovery of the discovered hydrocarbons. Our products and services are used by oil and gas companies to assist in the exploration for and development and management of oil and gas reserves.
Seitel’s seismic data library includes both onshore and offshore three-dimensional (3-D) and two-dimensional (2-D) data and offshore multi-component data. We have ownership in over 42,000 square miles of 3D and approximately 1.1 million linear miles of 2D seismic data concentrated primarily in the major North American oil and gas producing regions. We believe that our library of onshore seismic data is one of the largest, if not the largest, available for licensing in the United States and Canada. The majority of our seismic data library covers onshore regions within North America, with a geographic concentration on the onshore and transition zone of the U.S. Gulf Coast extending from Texas to Florida, eastern Texas, western Canada, Mississippi, the Rocky Mountain region and northern Louisiana. Most of our remaining seismic data library covers the offshore Gulf of Mexico and eastern Canada. We conduct our seismic data creation and licensing business through two wholly owned subsidiaries, Seitel Data, Ltd. in the United States and Seitel Canada Ltd. in Canada.
To support our seismic data licensing business and our clients, we provide state of the art data processing services to the geophysical industry, through our Seitel Data Processing business unit. We also maintain warehouse and electronic storage facilities at our Houston, Texas headquarters and our Calgary, Alberta location. Through our Seitel Solutions business unit, we offer the ability to access and interact with the seismic data we own and market via a standard web browser and the Internet.