Natural Resources >> CEO Interviews >> March 13, 2001
RUSSELL J. HOFFMAN, is Vice President, Corporate Communications for
Seitel, Inc. Mr. Hoffman had been the Senior Oil Services/Contract
Drilling Analyst and a Managing Director at Bear, Stearns and Co., Inc.
Prior to joining Bear, Stearns in 1993, Mr. Hoffman was a Vice President
at Raymond James & Associates (1992-1993) covering oil and natural gas
exploration and oil service/contract drilling companies. A published
author of several magazine articles on business and the energy industry,
Mr. Hoffman is a member of the New York Society of Securities Analysts,
and the National Association of Petroleum Investment Analysts. Most
recently, he correctly identified the turnaround in the natural gas
industry, leading The Wall Street Journal to cite Mr. Hoffman as the top
Oil Service Analyst in their 1993 All-Star Analyst survey, and runner-up
in 1995 and 1996. In July 1996 he was presented The Smart Money Magazine
Hot Analyst award. He earned a Bachelor of Science degree in Business
Administration and Experimental Psychology from the University of South
Carolina. Profile
PAUL A. FRAME is currently President and Chief Executive Officer of
Seitel, Inc. He joined the company in August 1984 as Vice President of
Marketing. In January 1987 he was named President of Seitel Inc. and in
July 1992, Mr. Frame was named Chief Executive Officer. Since August
1997, Mr. Frame has been a Director of Eagle Geophysical, Inc., a NASDAQ
listed company engaged in providing seismic data acquisition to the oil
and natural gas industry. Seitel Inc. holds a 17.5% interest in the
company. Prior to joining the company, Mr. Frame began his business
career in 1970 as a Partner in the family business, Frame Inc., located
In Valparaiso, Indiana. In 1976 Universal Mines Inc. and Gemveto Inc., a
loose diamond and fine jewelry wholesaler, employed him concurrently. In
1980, Mr. Frame moved to Sydney, Australia to trade gold, export
sapphires and manufacture gold products. Under Mr. Frame's direction,
Seitel has been active in the Houston community. Seitel and Mr. Frame
have been chosen by the American Heart Association to be honored and
receive the highest award for service for their contributions. He also
received the Crohn's and Colitis Foundation of America's Gold Key Award
for Outstanding Corporate Leadership, the Cystic Fibrosis Foundation
Sierra Award, and many other awards from M.D. Anderson Cancer Center,
and the Stevens and Pruitt Foundation for Homeless Children and Animals.
Mr. Frame earned a Bachelor of Science degree in Business Economics and
Public Policy from Indiana University. A member of the Dean's Advisory
Board to the University of Houston Business School, he enjoys art
collecting, boating, snow skiing, travel and auto racing. He holds
I.M.A.C. and S.C.C.A. racing licenses and participates in the Ferrari
Challenge Racing Series. Profile
Mr. Frame: In June, Seitel experienced a fundamental change in their
business, a dramatic increase in capital expenditures for our
