Haynes and Boone's Newsroom
Capital, Technology and Resulting Issues in Seismic Licensing
10/31/2000
Chris Wolfe
Table of Contents
I. INTRODUCTION: THE LEGAL ISSUES IN SEISMIC LICENSING ARE CREATED BY TECHNOLOGY AND ECONOMIC FORCES
A. Current issues in seismic licensing are driven by the following factors
B. Consequences of these factors include the following
C. Defining questions
D. Current form licensing agreements
E. Changes required to the model license
II. COMPETITION FOR CAPITAL: THE INDUSTRY’S STRUGGLE
A. Seismic’s Dismal Record
B. “New Economy” Competitor for Capital: Cisco Systems
C. El Paso/Coastal as proxy for oil and gas companies
D. Veritas as proxy for seismic service companies
III. ADDING VALUE TO SEISMIC
IV. STRUCTURE OF LICENSE AGREEMENTS
A. The four quadrants of information
B. Elements of a multi-client data use license
In order to comply with certain U.S. Treasury regulations, we are informing you that any U.S. federal tax advice that may be contained in this document is not intended or written to be used, and cannot be used, by any person for the purpose of (i) avoiding any tax penalties that may be imposed by the Internal Revenue Service or any other U.S. federal taxing authority or agency or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.