Grant library for Seitel

Seitel has acquired a 1300 sq. mi. seismic data library from Grant Geophysical

Houston-based Seitel has acquired a library of 3-D seismic data from Grant Geophysical. The acquisition, for an undisclosed cash consideration, concerns some 1,300 square miles of Texas’ Gulf Coast data shot from 1998 to 2000.

Future acquisitions

The transaction will add to Seitel’s earnings this year and beyond. Seitel is understood to be working on similar purchases that could close over the next 12 months.

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