SAExploration Holdings Inc., a publicly traded oil-field services provider, has made a $20 million offer to buy nearly all the assets of Geokinetics Inc., a seismic-data supplier that filed for bankruptcy earlier this week for the second time since 2013, WSJ Pro Bankruptcy reported. Geokinetics, founded in 1980, serves the oil and natural gas industry, collecting and processing seismic data both on land and in water and in 2-D, 3-D and time-lapse 4-D. The Houston-based company lost $53.5 million last year and in a filing earlier this week said it wasn’t able to meet obligations on millions of dollars in debt maturing this month. Geokinetics and various subsidiaries, including ones that aren’t part of the bankruptcy, have about 1,600 employees world-wide, including about 300 in the U.S.
