Mitcham Industries Inc.

Public Company, Headquarters Location
PO Box 1175, Huntsville, TX77340, United States
(936)291-2277, (936)295-1922 fax, http://www.mitchamindustries.com
Primary SIC: Equipment Rental & Leasing, Not Elsewhere Classified, Primary NAICS: General Rental Centers
Description: Services: Leasing geometric, geophysical, and other equipment and instruments. More

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Mitcham Industries, Inc. leases land based 3-D seismic equipment for the oil and gas exploration industry in North America. And with its exclusive agreements with Input/Output and SERCEL, the two top major producers of seismic equipment, the company believes it is the leading lessor of this equipment. With an increased demand for 3-D seismic equipment, the company's lease pool, with leases lasting from 3 to 9 months, has gone from almost $1 million to over $63 million since 1994. Sales of its peripheral equipment such as phones channel boxes, earth vibrators, and various cables has also significantly increased with total sales for 1998 of $37.9 million.

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