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 reported):  June 14, 2007

GEOKINETICS INC.

(Exact name of registrant as specified in its charter)

Delaware	001-33460	94-1690082
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation or organization)	File Number)	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 1.02               Termination of a Material Definitive Agreement

On June 14, 2007, Geokinetics Inc., a Delaware corporation (the “Company”), redeemed all of its Second Priority Senior Secured Floating Rate Notes due 2012 (the “Notes”), at an aggregate redemption price of $113.3 million, which was equal to the outstanding principal amount of the Notes of $110.0 million plus a premium of $3.3 million, which was equal to 3% of the outstanding principal amount of the Notes, along with accrued, but unpaid interest to, but excluding, the redemption date.

The Notes were issued pursuant to an Indenture, dated as of December 15, 2006 (the “Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee, a copy of which was attached as Exhibit 10.2 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on December 21, 2006.  The Company’s redemption of the Notes terminates the Company’s obligations under the Indenture.  A press release announcing the redemption of the Notes is attached hereto as Exhibit 99.1.

Item 9.01               Financial Statements and Exhibits

(c)	Exhibits
	99.1	Press Release, dated June 18, 2007.

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.

	GEOKINETICS INC.
Date: June 20, 2007		By:	/s/ Scott A. McCurdy
		Scott A. McCurdy
		Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

Contact:	Scott A. McCurdy
	Vice President and CFO
	Geokinetics Inc.
	(281) 398-9503
	(281) 398-9996 FAX

FOR IMMEDIATE RELEASE

GEOKINETICS INC. ANNOUNCES REDEMPTION OF NOTES

HOUSTON, TEXAS  June 18, 2007 - Geokinetics Inc. (AMEX: GOK) announced that it redeemed all of its Floating Rate Notes ( the “Notes”), on June 14, 2007, at an aggregate redemption price of $113.3 million, which was equal to the outstanding principal amount of the Notes of $110.0 million plus a premium of $3.3 million, which was equal to 3% of the outstanding principal amount of the Notes, along with accrued, but unpaid interest to, but excluding, the redemption date.

Commenting on this major event, David A. Johnson, President and CEO of Geokinetics said, "The redemption of these notes is an additional step in our strategy to position ourselves for continued growth by reducing debt and interest expense and strengthening our balance sheet.”

About Geokinetics Inc.

Geokinetics Inc., based in Houston, Texas, is a leading global provider of seismic acquisition and high-end seismic data processing services to the oil and gas industry.  Geokinetics has strong operating presence in North America and is focused on key markets internationally. Geokinetics operates in some of the most challenging locations in the world from the Arctic to mountainous jungles to the transition zone environments. More information about Geokinetics is available at www.geokinetics.com.

GEOKINETICS INC. (AMEX: GOK)

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