8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  03/04/2010

OYO GEOSPACE CORPORATION

(Exact name of registrant as specified in its charter)

Commission File Number:  001-13601

DE	76-0447780
(State or other jurisdiction of	(IRS Employer
incorporation)	Identification No.)

7007 Pinemont Drive, Houston, TX 77040

(Address of principal executive offices, including zip code)

(713) 986-4444

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01.    Other Events

On March 4, 2010, OYO Geospace Corporation issued a press release announcing the receipt of new orders for a variety of its products, including seabed reservoir characterization equipment, totaling more than $7.4 million. The press release is attached hereto as Exhibit 99.1.

Item 9.01.    Financial Statements and Exhibits

Exhibit 99.1 Press release dated March 4, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		OYO GEOSPACE CORPORATION
Date: March 04, 2010	By:	/s/    Thomas T. McEntire
		Thomas T. McEntire
		Chief Financial Officer and Secretary

EXHIBIT INDEX

Exhibit No.	Description
EX-99.1	Press release dated March 4, 2010.

EX-99.1

OYO GEOSPACE News Release

7007 Pinemont Drive

Houston, Texas 77040 USA

Contact:

Gary D. Owens

Chairman, President & CEO

TEL: 713.986.4444

FAX: 713.986.4445

FOR IMMEDIATE RELEASE

OYO Geospace Receives Order for Seabed Equipment

Company Also Receives Additional GSR Channel Orders

Houston, Texas - March 4, 2010 - OYO Geospace (NASDAQ: OYOG) today announced that it received an order from BP Norge A/S ("BP") for additional seabed reservoir characterization equipment to augment an existing system installed in 2003. The company expects the order to result in revenues of $4 to $5 million. Delivery of this seabed equipment is expected to occur in the third quarter of fiscal year 2010 and revenue recognition will occur upon BP's installation and acceptance of the equipment, which is expected to occur in the fourth quarter of fiscal year 2010.

In addition, the company announced last week at its 2010 Annual Meeting of Stockholders that two of its existing GSR customers ordered $3.4 million of additional GSR channels and related equipment. It is possible that both orders could be delivered in the company's second quarter of fiscal year 2010. Upon delivery of these orders, the company will have sold over 20,000 GSR channels since commercialization of the product in 2008.

Gary D. Owens, the company's Chairman, President and CEO said, "We are very pleased with these recent orders. In particular, we are excited about the reception and performance of the GSR nodal system. Our existing customers are realizing the efficiency benefits of the GSR and are demanding more channels and expanding their GSR crews. Momentum continues to grow and we are aggressively marketing and demonstrating the GSR nodal system to potential new customers. Finally, our core seismic business remains steady, although still below higher order levels experienced in prior years."

OYO Geospace designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. The company also designs and manufactures equipment and film for the thermal printing industry worldwide.

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included herein including statements regarding potential future products and markets, our potential future revenues, future financial position, business strategy, future expectations and other plans and objectives for future operations, are forward-looking statements. We believe our forward-looking statements are reasonable. However, they are based on certain assumptions about our industry and our business that may in the future prove to be inaccurate. Important factors that could cause actual results to differ materially from our expectations include the level of seismic exploration worldwide, which is influenced primarily by prevailing prices for oil and gas, the extent to which our new products are accepted in the market, the availabil ity of competitive products that may be more technologically advanced or otherwise preferable to our products, tensions in the Middle East and other factors disclosed under the heading "Risk Factors" and elsewhere in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities and Exchange Commission. Further, all written and verbal forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such factors.