ION Geophysical Corporation
IOGPQ
Other OTC0.00
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ION Geophysical Corporation
IOGPQ
(Other OTC)
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- ION Geophysical Corporation (IOGPQ) provides full-waveform 3D and 4D seismic data solutions, broadband ocean bottom node (OBN) seismic data acquisition services, and advanced seismic data processing and imaging technologies to the global oil and gas industry. The company offers proprietary products including Orca semi-autonomous marine seismic sources, Bolt next-generation marine sources, and G5 imaging systems; it also delivers multi-client seismic data libraries, reservoir characterization services, and proprietary software platforms such as Imperial for advanced velocity modeling and OpendTect for seismic interpretation. ION operates worldwide, with key activities in the Gulf of Mexico, North Sea, West Africa, Asia Pacific, and Latin America, targeting major oil companies, national oil firms, and independent exploration and production entities. Founded in 1968 and headquartered in Houston, Texas, the company maintains subsidiaries such as ION Imaging North America Inc. and international operations through entities like ION Geophysical GmbH in Germany. In recent developments, ION Geophysical emerged from Chapter 11 bankruptcy reorganization in August 2021, delisting from NASDAQ and transitioning to over-the-counter trading under IOGPQ; the company has since focused on operational streamlining, including asset sales and cost reductions amid challenging market conditions in seismic services, with no major new acquisitions, partnerships, or product launches reported in 2024-2025.