Mitcham Industries, Inc. (NASDAQ:MIND) was set up in 1987, and now is based in Huntsville, Texas. The company markets geophysical and other equipment to seismic data acquisition contractors conducting surveys on land, marsh, and marine areas, both shallow and deep water. There are mainly two segments operating in the company, namely an Equipment Leasing segment (for the oil and gas industry) and an Equipment Manufacturing segment. In October 2011, the Company opened a new logistics and repair facility in Budapest, Hungary, and three months later, it opened two new subsidiaries, namely Mitcham Europe Ltd. and Mitcham Marine Leasing Pte Ltd. On September 21, 2015, Founder and CEO Billy F. Mitcham Jr. died, and Guy M. Malden and Robert P. Capps were installed as Co-Chief Executive Officers.
The equipment leasing segment provides short-term leasing of seismic equipment to seismic data acquisition contractors and oil field service providers. Its lease pool equipment sales includes seismic recording land channels, geophones and cables, air guns, streamer positioning equipment, and downhole equipment lease pool, heli-pickers and related equipment. In addition, the company also provides systems integration, hardware and software maintenance. Its Seamap Equipment Sales division markets products to the marine seismic industry, including GunLink seismic source acquisition and control systems, BuoyLink RGPS tracking systems.