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 Act of 1934

Date of Report (date of earliest event report):  June 8, 2006

GEOKINETICS INC.

(Exact name of registrant as specified in its charter)

Delaware		94-1690082
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer
incorporation or organization)		Identification Number)

One Riverway, Suite 2100

Houston, Texas 77056

(Address of principal executive offices)

(713) 850-7600

(Registrant’s telephone number, including area code)

N/A

(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:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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

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

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

ITEM 2.02Results of Operations and Financial Condition.

On June 15, 2006, Geokinetics Inc. (the “Company”) issued a press release announcing the closing of a new $24,000,000 credit agreement with PNC Bank, National Association. The press release is furnished hereto as Exhibit 99.1 to this report and is incorporated herein by reference. The information in this Current Report on Form 8-K, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01Financial Statements and Exhibits.

(d)Exhibits

99.1Press Release dated June 15, 2006.

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 thereunto duly authorized.

	GEOKINETICS INC.
Date:  June 15, 2006	By:	/s/ Michael A. Schott
		Michael A. Schott, Vice President of Financial Reporting and Compliance

EX-99.1

Exhibit 99.1

NEWS RELEASE
	Contact:	David A. Johnson, CEO
		Thomas J. Concannon, CFO
		Geokinetics Inc.
		(713) 850-7600
		(713) 850-7330 FAX

FOR IMMEDIATE RELEASE

GEOKINETICS ANNOUNCES NEW $24 MILLION CREDIT FACILITY

HOUSTON, TEXAS June 15, 2006 - Geokinetics Inc. (OTCBB: GOKN.OB) today announced the closing of a new $24,000,000 credit agreement with PNC Bank, National Association. The new agreement includes $12,000,000 in term financing for the Company’s equipment requirements and a $12,000,000 revolving line of credit. The new credit agreement replaces the approximate $12,000,000 facility that the Company formerly had with HSBC Bank Canada of Calgary, Canada.

David A. Johnson, the President and Chief Executive Officer of the Company, stated “The closing of our new credit facility is another step in our plan to integrate the operations of Trace Energy Services Ltd which we acquired in December 2005. Our new financing will facilitate the continued growth of our combined U.S. and Canadian operations.”

Geokinetics Inc., based in Houston, Texas, is a provider of 3D seismic acquisition and high-end seismic data processing services to the oil and gas industry.

GEOKINETICS INC. (OTCBB: GOKN.OB)

One Riverway, Suite 2100, Houston, Texas  77056  (713) 850-7600  (713) 850-7330 FAX