Seitel, Inc. (the “Issuer”) today announced that it has instructed Deutsche Bank Trust Company Americas, the trustee (the “Trustee”) under the indenture governing the Issuer’s 9.75% Senior Notes due 2014 (the “Notes”), to notify the holders of the Notes that the Issuer will redeem $125 million aggregate principal amount of the Notes outstanding on July 1, 2011 (the “Redemption Date”). The Notes will be redeemed at a price equal to 104.875% of the principal amount of the Notes, plus accrued and unpaid interest to the Redemption Date. Selection of Notes for redemption will be made by the Trustee on a pro rata basis or on as nearly a pro rata basis as practicable (subject to the procedures of the depository of the Notes); provided, that no Notes with a principal amount of $2,000 or less shall be redeemed in part. Upon completion of the redemption on the Redemption Date, $275 million aggregate principal amount of the Notes will remain outstanding. Payment of the redemption price will be made by DB Services Americas, Inc. on the Redemption Date upon presentation and surrender of the Notes as set forth in the redemption notice.

Cautionary Note Regarding Forward-Looking Statements

Except for historical information, all other information in this press release consists of forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Issuer to differ are discussed under the caption “Cautionary Statements Concerning Forward-Looking Statements” in the Issuer’s Form 10-K Annual Report for the year ended December 31, 2010 and in subsequent filings made prior to or after the date hereof. The Issuer does not intend to review or revise any particular forward-looking statement in light of future events.

About Seitel, Inc.

Seitel, Inc. (“Seitel”) is a leading provider of onshore seismic data to the oil and gas industry in North America. Seitel’s data products and services are critical for oil and gas exploration and the development and management of hydrocarbon reserves by E&P companies. Seitel owns an extensive library of proprietary onshore and offshore seismic data that it licenses to a wide range of oil and gas companies. Seitel believes that its library of onshore seismic data is the largest available for licensing in North America. Seitel’s seismic data library includes both onshore and offshore 3D and 2D data. Seitel owns over 43,000 square miles of 3D and approximately 1.1 million linear miles of 2D seismic data concentrated in the major active North American oil and gas producing regions. Seitel serves a market which includes over 1,600 companies in the oil and gas industry.