BNET Industries

Market Cap:$121.4M
Last Fiscal Year Sales:$357.6M
  • Public
  • US
Dow Jones Description

The predecessor corporation of Geokinetics Inc. (?Geokinetics? or the ?Company?) was organized in 1969 under the laws of California. The Company was incorporated in Delaware in April 1980, and the California corporation was merged into the Company. During 1994, the Company acquired certain oil and gas properties from two independent oil and gas companies located in Houston, Texas. The Company divested its interests in its oil and gas properties during 1999. Since April 1997, the Company has repositioned itself from an oil and gas exploration and production company into a technologically-advanced provider of seismic acquisition and high-end seismic data processing services to the oil and gas industry. Through equipment purchases, strategic acquisitions and dispositions, and the completion of a series of private equity and debt financing transactions (summarized below), the Company now has the capacity to operate three seismic crews in the Rocky Mountain and Gulf Coast regions of the United States (?US?) and the ability to process seismic data collected throughout the world.

Chief Technology Officer
Michael A Dunn
Number of Employees 174
Contact Information

One Riverway

Suite 2100

Houston, Texas 77056

www.geokinetics...

1 713 850 7600

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Capital One Southcoast Reiterates a 'Neutral' on Geokinetics GOK; Lowers PT & Estimates

    11/09/09 - Bond / Stock Rating - View Story

  • Geokinetics GOK Posts Q3 Loss of 41c, Wider than Expected

    11/06/09 - Financial Announcement - View Story

  • Capital One Southcoast Downgrades Geokinetics GOK to Neutral

    10/20/09 - Bond / Stock Rating - View Story

News & Analysis

geokinetics inc. - All News and Analysis

  • Geokinetics, Inc. Q1 2008 Earnings Call Transcript

    Seeking Alpha - 2008-06-05

    Question-and-Answer SessionOperator Thank you. We will now be conducting a question-and-answer session. Operator Instructions. Our first question comes from the line of Pierre Conner with Capital One Southcoast. Please proceed with your question. Pierre Conner - Capital One Southcoast Good morning gentlemen. Richard Miles Good morning Pierre....

    Tags: Geokinetics Inc.

  • Geokinetics Inc. Q4 2007 Earnings Call Transcript

    Seeking Alpha - 2008-04-18

    Question-and-Answer SessionOperator Operator Instructions Our first question comes from Pierre Conner - Capital One. Pierre Conner – Capital One Southcoast Inc Dick, I just want to try to clarify a little bit on the incremental. You gave us some good commentary on which crews would be starting...

    Tags: Geokinetics Inc.

Decision Makers

Name (plus bio) Position
Michael A Dunn Chief Technology Officer
William R. Ziegler Director

Board of Directors

Name (plus bio) Position
Steven A. Webster Board of Directors

Mr. Dunn has served as a Vice President and the Chief Technology Officer of Geokinetics Inc. since August, 1997. On August 1, 1999, Mr. Dunn was appointed President of Geophysical Development Corporation, a wholly-owned subsidiary of Geokinetics where he remained until July 2003. Prior to joining the Company, Mr. Dunn was employed for 18 years by Shell Oil Company. Within Shell Mr. Dunn had a variety of technical and managerial positions both in exploration and R&D spanning all aspects of geophysics. Most recently, he served a a Technology Manager within Shell's research organization where Mr. Dunn was responsible for all of Shell's geophysical and geological interpretation applications.

Organization Position Status
Geokinetics, Inc. Chief Technology Officer Current
Geophysical Development Corporation Cto & Vice President, Business Development, Geokinetics Inc. Current
Geophysical Development Corporation President Former
Geokinetics, Inc. Vice President Former

Steven A. Webster has served as a director since May 2005. Mr. Webster has been President and Co-Managing Partner of Avista Capital Partners LP, a partnership focusing on private equity investments in energy, media, healthcare and other industries, since June 2005. Since 2000, he has been a consultant to Global Energy Partners, an affiliate of Credit Suisse First Boston LLC, which has specialized in private equity investments in the energy industry. From 2000 to June 2005, he served as Chairman of Global Energy Partners. From 1998 to 1999, he served as President and CEO of R&B Falcon Corporation, a marine contract drilling company. From 1988 through 1997, Mr. Webster was Chairman and CEO of Falcon Drilling Company Inc., a company he founded. Mr. Webster has been a financial intermediary since 1979 and an active investor since 1984 in the energy sector. He currently serves as Chairman of Basic Energy Services, Carrizo, Pinnacle Gas Resources and Solitario Resources He remains a Trust Manager of Camden and is a Director of Encore Bancshares, Frontier Drilling, Geokinetics, Grey Wolf, Laramie Energy, MedServe, Peregrine Oil & Gas and Seacor Holdings.

Organization Position Status
Avista Capital Holdings President & Co-Managing Partner Current
Global Energy Partners, LLC Managing Director Current
Avista Capital Partners LLC Co-Managing Partner Former
Global Energy Partners, LLC Consultant Current
Pinnacle Gas Resources, Inc. Chairman Current
Basic Energy Inc Chairman Current
Dennard Rupp Gray & Easterly, LLC Chairman of the Board Current
American Ref-Fuel Company Chairman Current
Laredo Energy LP Board of Directors Current
Geophysical Development Corporation Member of the Board of Directors Current
Encore Bank Director Current
Envirosolve Board Member Current
Geokinetics, Inc. Board of Directors Current
Peregrine Oil and Gas Director Current
North Coast Gas Transmission, LLC Director Current
SEACOR Holdings Inc. Board of Directors Current
Medserve, Inc. Director Current
Seabulk International, Inc. Board of Directors Current
Med-Shred, Inc Board Member Current
Guardian Holdings Limited Board of Directors Current
Copano Energy Director Current
Goodrich Petroleum Corporation Director Current
Laramie Energy, LLC Director Current
Frontier Drilling Director Current
Brigham Exploration Company Director Current
Hercules Offshore, Inc. Board of Directors Current
Hercules Offshore, Inc. Committee Member Current
Falcon Drilling CEO Former
Falcon Ltd CEO Former
Transocean Ltd Founder Former
Falcon Drilling Founder Former
Falcon Drilling Chairman Former
Global Energy Partners, LLC Chairman Former
Pinnacle Gas Resources, Inc. Board of Directors Former
Grey Wolf, Inc. Board of Directors Former
Crown Resources Corp Chairman Current
Harvard Business School Mba Former
Purdue University BS Degree Former
Purdue University Degree Former

William R. Ziegler is of counsel to Satterlee Stephens Burke & Burke LLP. He has practiced corporate, banking and securities law since 1968. Mr. Ziegler holds directorships in several corporations, including Sarvis Incorporated, Grey Wolf, Inc., Equinox Capital, Geokinetics Inc., Flotek, Inc. Somerset Energy Co., Vesta Corp. and La Crosse Milling Company. He specializes in financial, transactional and regulatory matters, including mergers, acquisitions and dispositions, commercial and industrial financing transactions, workouts and debt restructurings, and securities offerings. During his career, he has served as a principal outside counsel to Fleet Bank (New York Region), Mutual Benefit Life (Capital Markets Group), Empire Insurance Group, Macmillan, Inc., The United Corporation, Canadian International Power Company Ltd. and the Grumman Corporation Employee Investment Plan, which held the controlling block of that company's stock. Mr. Ziegler has served as regular counsel to property casualty and life insurance companies and has participated in the demutualization of a New York State insurer. He also represents public and private energy companies and energy service companies as their general counsel and in a variety of transactional and securities matters. He serves as Chairman of Vesta Corp. and Geokinetics and Vice Chairman of Grey Wolf, Inc. In the course of his practice, Mr. Ziegler has had in-depth experience with mergers and acquisitions of public and private corporations. He has advised corporate fiduciaries which were subject to hostile takeovers and in a variety of other circumstances, including proxy contests, insolvencies and corporate reorganizations. He has represented first-time issuers of publicly traded debt and equity securities and corporations which have issued such securities to finance capital expansion and in connection with acquisitions and reorganizations. Mr. Ziegler is admitted to practice in New York and before the United States Court of Appeals, Second Circuit.

Organization Position Status
Satterlee Stephens Burke & Burke Llp Partner Current
Sarvis, Inc Current
Carrier Services, Inc Chairman Current
Vesta Corporation Chairman Current
Flotek Industries, Inc. Director Current
Geokinetics, Inc. Director Current
Grey Wolf, Inc. Vice Chairman Current
Whitman Breed Abbott & Morgan LLC Partner Former
Satterlee Stephens Burke & Burke Llp Counsel Former
Empire Insurance Group Former
La Crosse Milling Company Former
Capital Markets Group, Inc Former
Vesta Corporation Board of Directors Former
Grey Wolf, Inc. Director Former
Columbia Business School MBA in Business Former
Columbia University MBA Former
University of Virginia School of Law LLB degree Former
Amherst College BA degree in Economics Former
University of Virginia School of Law degree in LLB Law Former
advertisement
     GOK $11.22 -0.10 (-0.88% )
Average Volume 103,062
Shares Outstanding 10.82M
Market Cap 121.4M
Year High 22.5471
Year Low 1.84
Earnings Per Share -0.56
P/E Ratio -20.04
Dividend N/A
Yield N/A
advertisement