Geophysical Service Incorporated
Geophysical Service Incorporated
(often abbreviated
GSI
) was founded by
John Clarence Karcher
and
Eugene McDermott
in
1930
for the purpose of using refraction and
reflection seismology
to explore for
petroleum
deposits. It became one of the most successful seismic exploration contractors in the industry for many years. On
December 6
,
1941
, the company was purchased by McDermott,
Cecil Howard Green
, Erik Jonsson, and H.B. Peacock. During
World War II
, the company produced submarine detection devices. In 1951, the company was renamed
Texas Instruments
(TI) with GSI as a division. GSI was later sold by TI, repurchased, and finally sold again to
Halliburton
in
1988
. Halliburton then sold its geophysical business to
Western Geophysical
in
1994
. Western Geophysical was sold to
Baker Hughes
in
1998
and became part of
WesternGeco
in
2000
.
See also
List of oilfield service companies
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