-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Cx20ugOCuHnzC3L26BDb1kazCMBT87Lw8BKagGpNJ118LcZvOlhQ/Chi/MDn89PO
 7amXB1QP0M0VJ+tUYNWqUg==

<SEC-DOCUMENT>0001005477-03-004680.txt : 20031210
<SEC-HEADER>0001005477-03-004680.hdr.sgml : 20031210
<ACCEPTANCE-DATETIME>20031210152746
ACCESSION NUMBER:		0001005477-03-004680
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031208
FILED AS OF DATE:		20031210

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GEOKINETICS INC
		CENTRAL INDEX KEY:			0000314606
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				941690082
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		8401 WESTHEIMER
		STREET 2:		SUITE 150
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77063
		BUSINESS PHONE:		7138507600

	MAIL ADDRESS:	
		STREET 1:		8401 WESTHEIMER
		STREET 2:		SUITE 150
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77063

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BLACKHAWK INVESTORS LLC
		CENTRAL INDEX KEY:			0001044405
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-09268
		FILM NUMBER:		031047273

	BUSINESS ADDRESS:	
		STREET 1:		3662 PIPING ROCK
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77027
		BUSINESS PHONE:		7139609382

	MAIL ADDRESS:	
		STREET 1:		3662 PIPING ROCK
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77027
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-12-08</periodOfReport>
    <notSubjectToSection16>1</notSubjectToSection16>
    <issuer>
        <issuerCik>0000314606</issuerCik>
        <issuerName>GEOKINETICS INC</issuerName>
        <issuerTradingSymbol>GOKN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>

        <reportingOwnerId>
            <rptOwnerCik>0001044405</rptOwnerCik>
            <rptOwnerName>BLACKHAWK INVESTORS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SATTERLEE STEPHENS BURKE &amp; BURKE LLP</rptOwnerStreet1>
            <rptOwnerStreet2>230 PARK AVENUE, 11TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10169</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>0</isDirector>
        <isOfficer>0</isOfficer>
        <isTenPercentOwner>1</isTenPercentOwner>
        <isOther>0</isOther>
    </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>

        <securityTitle>
            <value>Common Stock, $.01 par value per share</value>
        </securityTitle>

        <transactionDate>
            <value>2003-12-08</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>S</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>86666</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>0.30</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>0</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

    </nonDerivativeTable>
    <footnotes>
        <footnote id="F1">The Reporting Person may be deemed to be a 10% Owner, but only if the Reporting
Person and certain other affiliated persons are deemed a &quot;group&quot; within the
meaning of Rule 13d-5(b)(1) promulgated pursuant to the Securities Exchange Act
of 1934, as amended, whether by virtue of their affiliated status or by virtue
of the fact that the Reporting Person and such affiliated persons are parties to
a certain Shareholders Agreement dated as of May 2, 2003 (the &quot;Shareholders
Agreement&quot;) by and among the Reporting Person, Blackhawk Investors II, L.L.C.
(&quot;Blackhawk II&quot;), Blackhawk Capital Partners (&quot;BCP&quot;), Somerset Capital Partners
(&quot;SCP&quot;), William R. Ziegler and Steven A. Webster on the one hand, Valentis SB,
L.P., a non-affiliated entity on the other hand, and the issuer.</footnote>
        <footnote id="F2">The Reporting Person disclaims beneficial ownership of the shares of Common
Stock beneficially owned by the other parties to the Shareholders Agreement.
After giving effect to the sale disclosed herein, the Reporting Person does have
direct ownership of any shares of Common Stock. However, the Reporting Person is
an investor member (with a 13.333% total membership interest) in Blackhawk II,
which owns 5,317,804 shares of Common Stock. As an investor member, the
Reporting Person does not have voting or dispositive power over any of these
shares owned by Blackhawk II, and therefore such shares are not included as
beneficially owned by the Reporting Person under Table I above.
</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ WILLIAM R. ZIEGLER, as Partner of Blackhawk Capital Partners, managing member of Blackhawk Investors, LLC</signatureName>
        <signatureDate>2003-12-10</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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