ION Geophysical Corp.

ION Geophysical Corp.

ION Geophysical Corp.

Overview
Date Founded

2007

Headquarters

2105 City West Boulevard,Suite 100,Houston, TX 77042-2855

Type of Company

Public

Employees (Worldwide)

496

Industries

Computer Software
Pension Funds & Sovereign Wealth
Oil & Gas
Industrial Machinery & Manufacturing

Company Description

ION Geophysical Corp. is a technology focused company, which engages in the provision of geoscience technology, services, and solutions to the oil and gas industry. It operates through the following segments: E&P Technology and Services, E&P Operations Optimization, and Ocean Bottom Seismic Services. The E&P Technology and Services segment creates digital data assets and delivers services that improve decision-making, mitigate risk, and maximize portfolio value for E&P companies. The Operations Optimization segment develops mission-critical subscription offerings and engineering services that enable operational control and optimization offshore. The Ocean Bottom Seismic Services segment integrates a variety of ION's advanced technologies to accelerate data capture and delivery. The company was founded in 1968 and is headquartered in Houston, TX.

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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel & Corporate Secretary

Executive Vice President, Global Human Resources

Chief Operating Officer-Technology & Services, Executive Vice President

Executive Vice President, Technology

Chief Operating Officer-Operation Optimization & Executive Vice President

Technical Coordinator

Director

Director

Board of Directors

President & Chief Executive Officer at Laitram LLC

Former Vice Chairman at Helix Energy Solutions Group, Inc.

Chairman & Chief Executive Officer at Sherwood Energy LLC

President & Chief Executive Officer at ION Geophysical Corp.

Chief Executive Officer at GulfSlope Energy, Inc.

Professional at ION Geophysical Corp.

Chief Geophysicist at BGP, Inc.

Member, Board of Directors at ION Geophysical Corp.

Controller at Next Wave Energy Partners LP

Paths to ION Geophysical Corp.
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ION Geophysical Corp.
Owners & Shareholders
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Gates Capital Management makes fund investments based on cash flow generation, focusing on event-driven equities and debt. Event-driven securities include equities and debt created through spin-offs and financial restructurings. Debt investments tend to be larger issues that are more senior in the capital structure with low equity risk. The firm seeks to buy securities which trade at a significant discount to their intrinsic value and to short securities that trade well above their intrinsic value. Gates Capital invests in situations where a reason for a valuation discrepancy is identified and deemed temporary. Gates Capital utilizes risk management tools to preserve assets in volatile markets. The risk management tools employed include liquidity requirements, limits on leverage and portfolio concentration, and use of options to protect positions.

Details Hidden

Footprints Asset Management & Research (FAMR) focuses on discovering absolute value investment opportunities. They look for opportunities that minimize price risk and that have the potential to create wealth over the long term. FAMR identifies companies that are out of favor, distressed or unpopular under current market conditions and are selling at or near their book value. They then determine if the company is being unfairly valued, which would provide a buying opportunity at a reduced price.To determine if a company is undervalued, FAMR considers a company's absolute value from a multitude of variables, including management's competency and experience, earnings potential, free cash flow, current debt, replacement cost and sector fundamentals. After assessing a company's absolute value, the firm then determines if enough disparity exists between their assessed absolute value and the current market price. This gap represents their margin of safety. FAMR's investment decisions are based on the margin of safety.

Details Hidden

Gates Capital Management makes fund investments based on cash flow generation, focusing on event-driven equities and debt. Event-driven securities include equities and debt created through spin-offs and financial restructurings. Debt investments tend to be larger issues that are more senior in the capital structure with low equity risk. The firm seeks to buy securities which trade at a significant discount to their intrinsic value and to short securities that trade well above their intrinsic value. Gates Capital invests in situations where a reason for a valuation discrepancy is identified and deemed temporary. Gates Capital utilizes risk management tools to preserve assets in volatile markets. The risk management tools employed include liquidity requirements, limits on leverage and portfolio concentration, and use of options to protect positions.

Recent Transactions
Details Hidden

ION Geophysical Corp. issued USD Common Stock and Warrants

Details Hidden

Equinix, Inc. purchases Io Uk Ltd. /Operating Business Slough from ION Geophysical Corp.

Details Hidden

ION Geophysical Corp. purchases Global Dynamics, Inc. (Canada)

Transaction Advisors
Accountant

Advised onION Geophysical Corp. purchases Digicourse, Inc.

Accountant

Advised onION Geophysical Corp. purchases GX Technology Corp.

Investment Advisor

Advised onION Geophysical Corp. purchases ARAM Systems Ltd.

Associate

Advised onION Geophysical Corp. issued USD Common Stock and Warrants

Investment Advisor

Advised onION Geophysical Corp. purchases ARAM Systems Ltd.

Legal Advisor

Advised onION Geophysical Corp. purchases ARAM Systems Ltd.

Advisors & Consultants
Legal Advisor

Partner at Bennett Jones LLP

Advisor

Executive Vice President & General Counsel at Gates Corporation

Clients

Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil Company, and was formed on November 30, 1999 by the merger of Exxon (formerly Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York).

Petroleum Geo-Services ASA engages in the provision of geophysical services. It operates through the following segments: Marine Contract, MultiClient, Imaging, and Other. The Marine Contact segment includes management of projects and customer relationships pertaining to seismic data acquires under excusive contracts. The MultiClient segment comprises projects and customer relationships pertaining to seismic data licensed on a non-exclusive basis from the company's data library of seismic surveys. The company was founded in August 1991 and is headquartered in Oslo, Norway.

Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Distribution; Gas & Power; Biofuel; and Corporate. The Exploration and Production segment involves crude oil, natural gas liquids, and natural gas exploration, development, and production. The Refining, Transportation and Marketing segment involves refining, logistics, transportation, trading operations, oil products and crude oil exports and imports, and petrochemical investments. The Distribution segment refers to the distribution of oil products, ethanol, and vehicle natural gas to wholesalers and through Petrobras Distribuidora SA, its retail network in Brazil. The Gas & Power segment includes transportation and trading of natural and liquefied natural gas, the generation and trading of electric power, and the fertilizer business. The Biofuel segment involves the production of biodiesel and its co-products, and ethanol-related activities such as equity investments, production, and trading of ethanol, sugar, and the excess electricity generated from sugarcane bagasse. The Corporate segment comprises the financing activities not attributable to other segments including corporate financial management, and central administrative overhead and actuarial expenses. The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.

Key Stats and Financials As of 2018
Market Capitalization
$142M
Total Enterprise Value
$161M
Earnings Per Share
$-5.2
Revenue
$180M
Enterprise Value Sales
0.89x
Enterprise Value EBITDAOperating
4.01x
TEVNet Income
-2.26x
Debt TEV
0.76x
EBITDAMargin
22.23%
EBITDA
$40M
Total Debt
$122M
Total Equity
$7.82M
Net Profit
$-71.2M
Three Year Compounded Annual Growth Rate Of Revenue
-6.68%
Five Year Compounded Annual Growth Rate Of Revenue
-19.99%
Non-Profit Donations & Grants
$1 - $2,499
2013
$500 - $999
2011
$1,000 - $4,999
2008
Investments
Details Hidden

Octio AS provides equipment and services for monitoring of subsea oilfields. It provides survey and installation planning, equipment installation, data recording and system operation, and seismic source operation and seismic processing services. The company was founded by Magne Oldervoll and Leon Løvheim in 2006 and is headquartered in Bergen, Norway.

Suppliers
Parkway, Inc. Pension Funds & Sovereign Wealth | Houston, TX

Parkway, Inc. operates as a real estate investment trust company. It engages in the ownership, acquisition, development, and leasing of class A office properties in Houston, Texas. The company was founded on June 3, 2016 and is headquartered in Houston, TX.

Geospace Technologies Corp. Oil & Gas | HOUSTON, TX

You are here: Home / About Geospace Technologies About Geospace Technologies Since 1980, Geospace Technologies has been developing innovative products for seismic data acquisition as a part of the oil and gas industry’s global search for more energy reserves. Since inception, the Geospace engineering team has planned an innovative cableless seismic acquisition system. From geophones to printheads, land to deep sea systems, innovative engineering and manufacturing excellence are at the heart of every project Geospace Technologies undertakes. Geospace Technologies Corporation is headquartered in Houston, Texas, with international offices in Canada, China, Russia and the UK. Our international manufacturing facilities are located in Canada and Russia.

Competitors
TGS-NOPEC Geophysical Co. ASA Other Business & Consulting Services - Asker, AK

TGS-NOPEC Geophysical Co. ASA engages in the provision of geoscientific data products and services to oil and gas exploration companies. It operates through the following geographical segments: North & South America (NSA), Europe and Russia (EUR), Africal, Middle-East and Asia or Pacific (AMEAP), and Other or Corporate Costs. The NSA segment includes onshore seismic projects in North America. The Other or Corporate Costs segment offers Geological Products & Services (GPS) Well Logs, GPS Interpretations, Global Services, Imaging, Data and Analytics, G&A and Corporate. The company was founded in 1981 and is headquartered in Asker, Norway.

Schlumberger Ltd. Oil & Gas - Houston, TX

Corporate profile: Schlumberger Knowledge, technical innovation and teamwork are at the center of who we are. For more than 80 years, we have focused on leveraging these assets to deliver solutions that improve customer performance. Today, our real-time technology services and solutions enable customers to translate acquired data into useful information, then transform this information into knowledge for improved decision making-anytime, anywhere. Harnessing information technology in this way offers enormous opportunities to enhance efficiency and productivity. This is a quantum leap from providing traditional 'just-in-case' information to delivering 'just-in-time' knowledge that meets the changing needs of our customers

CGG Oil & Gas - Paris, IF

CGG is an integrated geosciences company, which provides geological geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. It manufactures geophysical equipment, as a provider of marine, land and airborne data acquisition services. The company operates its business through the following segments: Equipment, Contractual Data Acquisition, Geology, Geophysics & Reservoir and Non-Operated Resources. The Equipment segment comprises of manufacturing and sales of seismic equipment used for data acquisition, both on land and marine. The Contractual Data Acquisition segment comprises of Marine: offshore seismic data acquisition and Land and Multi-Physics and other seismic data acquisition. The Geology, Geophysics & Reservoir segment comprises the Multi-Client Business Line and the Subsurface Imaging and Reservoir business line. The Non-Operated Resources segment comprises the costs of the non-operated marine resources as well as all of the costs of its Transformation Plan .CGG was founded by Conrad Schlumberger on July 23, 1931 and is headquartered in Paris, France.

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