please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . august 2011 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . august 2011 learn how and when to remove this template message learn how and when to remove this template message ion geophysical corporation type public traded as nyse io industry petroleum founded 1968 headquarters houston texas united states area served global key people brian hanson ceo products geophysical services number of employees 1 195 website www.iongeo.com ion geophysical is a technology focused seismic solutions buzzword company that provides advanced acquisition equipment software planning and seismic processing services and seismic data libraries to the global oil & gas industry . the company s technologies and services are used by e & p operators and seismic acquisition contractors to generate high resolution images of the subsurface during exploration exploitation and production operations . headquartered in houston texas ion has offices in the united states canada latin america europe africa russia china and the middle east . contents 1 history 2 key acquisitions 3 activities 4 restatements 5 see also 6 references 7 external links history edit founded in 1968 as input output i o ion began as a provider of highly specialized seismic source synchronization equipment . ion became publicly traded on nasdaq in 1991 and was listed on the new york stock exchange in november 1994 using the trading symbol io . throughout the 1990s and 2000s ion experienced growth through a number of key acquisitions . in september 2007 input output i o officially changed its name to ion as part of a re branding to better reflect the continuing evolution of the company from an equipment manufacturer to a broad based technology focused seismic solutions provider . 1 key acquisitions edit 1994 cable and connector groups of tescorp inc. provided cables to operate i o systems 1995 western geophysical s exploration products group added marine seismic recording systems vibrator source products and geophone products to the company s technology portfolio 1997 green mountain geophysics inc. gmg developer of mesa software for seismic survey design and planning 1998 digicourse inc. manufacturer of marine positioning products 2001 pelton company inc. pelton makes seismic vibrator control systems vibrator positioning systems using gps global positioning systems and explosive energy control systems 2002 axis geophysics advanced seismic data processing company specializing in anisotropic processing azim avo amplitude variation with offset analysis and azimuthal velocity modeling 2004 concept systems ltd. advanced command & control systems and data integration software for land and marine seismic surveys 2004 gx technology corporation advanced seismic imaging processing and multi client seismic data libraries including a portfolio of basinspan data libraries 2008 aram systems ltd. a canadian based provider of cable based land seismic recording systems based in calgary ab 2010 inova geophysical equipment limited ion launched a joint venture with bgp activities edit since 1967 ion s sensor group has been providing geophysicists worldwide with geophones for hydrocarbon exploration . ion s marine imaging systems creates innovative technology and services for the off shore e & p industry . the offerings include both the towed streamer and ocean bottom seismic markets . the products include positioning and streamer control systems source and source control systems and both streamer and seabed acquisition systems . ion s gx technology gxt provides seismic data processing services such as state of the art depth migration reverse time migration and full wave imaging ; multi client seismic data libraries including basin scale span seismic programs ; software and services for seismic survey design geophysical analysis and reservoir modeling ; and start to finish seismic imaging programs that encompass survey planning field acquisition and final image rendering . leveraging its data processing technology and operational expertise through its geoventures business unit ion owns one of the largest seismic data libraries in the industry . known as basinspans these basin wide ultra deep data libraries are custom designed to provide a holistic understanding of petroleum systems including source rock deposition hydrocarbon migration paths sediment fairways and reservoir trapping mechanisms . ion basinspan programs exist for the gulf of mexico the margins of west and east africa and for offshore basins in colombia and the eastern caribbean india eastern and northern canada and alaska . ion s concept systems offerings include command & control systems that integrate and quality control data acquisition in towed streamer obc electromagnetic em and land surveys and services for designing and planning complex surveys including wide azimuth and 4d acquisition programs . in march 2010 ion launched a joint venture agreement with bgp which is a wholly owned subsidiary of china national petroleum corporation cnpc and launched inova geophysical equipment limited an independent company owned 51 % by bgp and 49 % by ion geophysical . inova specializes in designing engineering and delivering energy source and source control systems land seismic recording systems and digital full wave sensors . since the joint venture most of ion s land equipment and technology is applied through inova . restatements edit on april 1 2002 ion announced to restate its noncash balance sheet transaction for the sale leaseback of its stafford plants completed in august.the restatement had no impact on earnings . 2 on aug 3 2005 ion announced to restate its financial statements for the first quarter of 2005 as a result of the company s determination that approximately 795 000 of royalty expenses incurred by its subsidiary had been miscalculated and should have been recorded in the first quarter of 2005 . 3 on march 16 2006 ion announced revenue recognition restatement of 2004 and quarterly 2005 results . 4 see also edit list of oilfield service companies references edit input output outgrows its name . houston business journal . september 21 2007 . input output announces non cash balance sheet restatement of sale leaseback transaction . input output to restate financial results . i o announces restatement of 2004 and quarterly 2005 results . 1 . ion named to deloitte technology fast 500 wall street journal december 4 2007 2 . input output changes name to ion rigzone september 21 2007 external links edit ion geophysical official website yahoo finance ion geophysical company profile inova joint venture official website retrieved from https en.wikipedia.org w index.php title ion geophysical & oldid 743465688 categories companies listed on the new york stock exchangecompanies based in houstoncompanies established in 1968engineering companies of the united statesenergy companies of the united statesseismological observatories organisations and projectstechnology companies of the united statessoftware companies based in texasoilfield services companieshidden categories articles with a promotional tone from august 2011all articles with a promotional tonearticles needing additional references from august 2011all articles needing additional referenceswikipedia articles containing buzzwords from september 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 19 54 . text is available under the creative commons attribution sharealike license ; 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