Seitel, Inc.

Seitel, Inc. , based in the US, provides extensive seismic data and geophysical expertise, focusing on oil and gas exploration as well as carbon sequestration services. Seitel, Inc. specializes in seismic data services and was founded in 1982 in Houston, US.

The company underwent a significant change in ownership in July 2018 when Centerbridge Partners acquired a majority stake, following an earlier investment in 2011. The company's operations are supported by leadership from CEOs Robert Monson and Roberto Vezzosi. Seitel has executed a total of 3 deals with the most recent deal completed on July 17, 2018, which raised USD 125. 00 mn in a Secondary Buyout, bringing the total amount raised to USD 125.

00 mn. Seitel is a prominent provider of seismic data and geophysical expertise, specializing in the design, marketing, and execution of seismic surveys aimed at oil and gas exploration and carbon sequestration. Their core offerings include a vast repository of seismic data, which encompasses over 45,000 square miles of 3D data and more than 250,000 linear miles of 2D data. This extensive dataset serves a diverse clientele, including energy companies engaged in resource extraction and environmental firms focused on carbon management.

By acquiring both new and existing surveys, Seitel maintains one of the largest seismic databases in the United States, catering to clients primarily in North America, with projects that extend into international markets based on demand. Their services address crucial data needs in various stages of exploration and environmental assessment, enabling clients to make informed decisions regarding resource development and sustainability initiatives. Seitel generates revenue through a licensing model for its seismic data, facilitating transactions primarily with B2B clients in the energy sector. In 2017, the company reported revenue of USD 90.

25 mn and an EBITDA of USD 71. 16 mn. Clients typically engage Seitel by licensing specific survey data for their operational needs, which may involve one-time payments or subscription agreements depending on the data usage requirements. The company’s revenue structure is characterized by direct transactions, where customers can acquire access to premium seismic data and analytical services tailored to their specific projects.

Each transaction is grounded in defined agreements that outline the scope of data utilization, ensuring both parties have clear expectations regarding deliverables and support. Seitel’s flagship offerings, such as the comprehensive datasets from their Eagleford survey, exemplify the high-value products that underpin their revenue generation strategies. Seitel plans to utilize the recent funding from the Secondary Buyout completed on July 17, 2018, to support expansion into new markets and enhance product offerings. The company is targeting growth in international markets and aims to launch new seismic survey products by 2020, allowing them to respond to the increasing demand for comprehensive geophysical data.

The future strategy encompasses the development of advanced data analytics capabilities to enhance the value proposition for clients across various sectors, including emerging environmental markets.