SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* WEXFORD CAPITAL LLC (Last) (First) (Middle) (Street) (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/02/2003	3. Issuer Name and Ticker or Trading Symbol GEOKINETICS INC [ GOKN ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 par value	5,317,803	I(1)	See Footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* WEXFORD CAPITAL LLC (Last) (First) (Middle) (Street) (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* JACOBS JOSEPH (Last) (First) (Middle) (Street) (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* DAVIDSON CHARLES E (Last) (First) (Middle) (Street) (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* VALENTIS SB GP LLC (Last) (First) (Middle) (Street) (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. These shares are owned directly by Valentis SB, L.P., a Delaware limited partnership ("Valentis LP"), and indirectly by each of (i) Valentis SB GP, LLC, a Delaware limited liability company ("Valentis GP"; together with Valentis LP, "Valentis"), that is the sole general partner of Valentis LP, (ii) Wexford Capital LLC, a Connecticut limited liability company ("Wexford Capital") and registered investment advisor that serves as investment advisor to Valentis, and (iii) each of Charles E. Davidson and Joseph M. Jacobs, as controlling persons of Wexford Capital. Each of the reporting persons disclaims beneficial ownership of the securities reported hereby, and this report shall not be deemed an admission that such reporting persons are the beneficial owner of such securities for purposes of Section 16 of the Securities Act of 1934, as amended (inclusive of the rules promulgated thereunder) or for any other purpose. Wexford Capital is the designated filer for the other reporting persons.

	/s/ ARTHUR H. AMRON, Principal & Secretary, on behalf of Wexford Capital LLC	07/11/2003
	/s/ JOSEPH M. JACOBS, Individually	07/11/2003
	/s/ CHARLES E. DAVIDSON, Individually	07/11/2003
	/s/ PAUL JACOBI, Vice President of Valentis SB GP LLC	07/11/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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