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Seitel history
Seitel company history timeline
Acquiring Its Future Leader in 1984
In 1984, Pearlman hired Frame as Seismic Enterprises' vice-president of marketing.
1984: Paul Frame is hired as vice-president of marketing.
In 1987, the same year Frame was named president, Seismic Enterprises was renamed Seitel, Inc.
By 1991, the company's success in selling its proprietary data to energy concerns in its operating territory of Texas, Louisiana, and the Gulf Coast belied recessive economic conditions.
Frame, whose aggressive sales approach had become known throughout the industry, became an iconoclast of sorts when he made a controversial decision in 1993.
1993: Seitel forms DDD Energy, using the subsidiary to enter the exploration and production business.
Encouraged by his initial success, Frame declared that by 1997 Seitel's oil and gas earnings would eclipse the profits derived from selling seismic data.
In September 2000, Seitel announced plans to make its data available to its customers via the Internet.
2002: Frame is named chairman.
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Seitel competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cgg | - | - | - | 15 |
| ION Geo | 1968 | $122.7M | 500 | - |
| Seismic Exchange | 1975 | $21.0M | 75 | - |
| Society of Exploration Geophysicists | 1930 | $730,000 | 50 | - |
| Digital Technology | - | $3.2M | 35 | 1 |
| California ISO | 1997 | $390,000 | 7 | 29 |
| The Energy Authority | 1997 | $37.1M | 501 | 9 |
| KeySpan Energy Corporation | 1996 | $80.0M | 125 | - |
| Linn Energy | 2003 | $517.8M | 158 | - |
| Burlington Resources Oil & Gas Co LP | 1981 | $1.5B | 2,200 | - |
Seitel history FAQs
Zippia gives an in-depth look into the details of Seitel, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Seitel. The employee data is based on information from people who have self-reported their past or current employments at Seitel. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Seitel. The data presented on this page does not represent the view of Seitel and its employees or that of Zippia.
Seitel may also be known as or be related to Seitel, Seitel -the Largest Onshore Seismic Data Library In North America and seitel.