Current Report Filing (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 Exchange Act of 1934

Date of Report (Date of earliest event reported): October 30, 2014

Global Geophysical Services, Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-34709	05-0574281
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

13927 South Gessner Road Missouri City, TX		77489
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (713) 972-9200

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:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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

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

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

Item 7.01 Regulation FD Disclosure.

As previously reported, on March 25, 2014, Global Geophysical Services, Inc. (the “Company”) and certain of its subsidiaries (together with the Company, the “Debtors”) filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Corpus Christi Division (the “Court”).

On October 30, 2014, the Debtors filed their monthly operating report for the month ended September 30, 2014 (the “Monthly Operating Report”) with the Court. The Monthly Operating Report is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This current report (including the exhibit hereto or any information included therein) shall not be deemed an admission as to the materiality of any information required to be disclosed solely by reason of Regulation FD.

In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Current Report and in Exhibit 99.1 is deemed to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

FINANCIAL AND OPERATING DATA

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Company cannot predict what the ultimate value of any of its securities may be. The Monthly Operating Report is limited in scope, does not reflect results of operations, financial or other information for subsidiaries of the Company that are not Debtors, covers a limited time period and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Office of the United States Trustee of the Southern District of Texas and the Court. The Monthly Operating Report was not audited or reviewed by independent accountants, is in a format prescribed by applicable bankruptcy laws and regulations and is subject to future adjustment and reconciliation. Therefore, the Monthly Operating Report does not contain all information required in filings pursuant to the Exchange Act, or may present such information differently from such requirements. There can be no assurance that, from the perspective of an investor or potential investor in the Debtors’ securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for periods that are shorter or otherwise different from those required in the Company’s reports pursuant to the Exchange Act, and such information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.

FORWARD-LOOKING STATEMENTS

This current report on Form 8-K and the exhibit hereto may contain forward-looking statements. Actual results may differ materially from the results suggested by these forward-looking statements. Readers are referred to the documents filed by the Company with the Securities and Exchange Commission, which further identify the important risk factors that could cause actual results to differ materially from the forward-looking statements in this current report on Form 8-K and the exhibit hereto. The Company disclaims any obligations to update any forward-looking statements.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

	Exhibit Number		Description

	99.1		Monthly Operating Report for the month ended September 30, 2014, filed with the United States Bankruptcy Court for the Southern District of Texas, Corpus Christi Division.

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.

	Global Geophysical Services, Inc.

Dated: October 30, 2014	/s/ SEAN M. GORE
	Sean M. Gore
	Senior Vice President & Chief Financial Officer

EXHIBIT INDEX

	Exhibit Number		Description

	99.1		Monthly Operating Report for the month ended September 30, 2014, filed with the United States Bankruptcy Court for the Southern District of Texas, Corpus Christi Division.

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF TEXAS

CORPUS CHRISTI DIVISION

CASE NAME:	AUTOSEIS, INC. ET AL				PETITION DATE:	3/25/2014
CASE NUMBER:	14-20130


MONTHLY OPERATING REPORT SUMMARY FOR MONTH					September	YEAR			2014
(Amounts in '000s)
MONTH		3/25/14 TO 3/31/14	April	May	June	July	August	September	Total
REVENUES (MOR-6)		$ 2,832	$ 37,350	$ 23,761	$ 13,441	$ 24,574	$ 15,379	$ 9,041	$ 126,379
INCOME BEFORE INT; DEPREC./TAX (MOR-6)		(2,733)	(2,440)	(14,323)	(9,501)	(4,541)	(5,981)	(3,349)	(42,869)
NET INCOME (LOSS) (MOR-6)		(4,040)	(19,277)	(18,174)	(11,925)	(8,303)	(7,685)	(8,162)	(77,568)
PAYMENTS TO INSIDERS (MOR-9)		-	260	322	307	372	317	319	1,897
PAYMENTS TO PROFESSIONALS (MOR-9)		19	1,561	1,449	2,987	2,387	3,549	3,297	15,249
TOTAL DISBURSEMENTS (MOR-7 and Exhibit A) **		$ 5,565	$ 117,086	$ 24,061	$ 22,871	$ 26,241	$ 19,128	$ 19,997	$ 234,949

The jointly administered Debtors are authorized to file monthly operating reports on a consolidated basis, and have disbursements broken down by case number on Exhibit A attached
*The original of this document must be filed with the United States Bankruptcy Court*
						Yes / No
REQUIRED INSURANCE MAINTAINED			Are all accounts receivable being collected within terms?			No
AS OF SIGNATURE DATE		EXP.	Are all post-petition liabilities, including taxes, being paid within terms?			No
____________________________		DATE	Have any pre-petition liabilities been paid?			Yes
CASUALTY YES (X) NO ( )		4/1/2015	If so, describe	Payments related to First Day Motions granted
LIABILITY YES (X) NO ( )		4/1/2015	Are all funds received being deposited into DIP bank accounts (1)?			No
VEHICLE YES (X) NO ( )		4/1/2015	Were any assets disposed of outside the normal course of business?			No
WORKER'S YES (X) NO ( )		4/1/2015	If so, describe
OTHER YES ( X ) NO ( )		4/1/2015	Are all U.S. Trustee Quarterly Fee Payments current?			Yes
			What is the status of your Plan of Reorganization?			Plan Filed


ATTORNEY NAME:	Omar Alaniz		I certify under penalty of perjury that the following complete
FIRM NAME:	Baker & Botts		Monthly Operating Report (MOR), consisting of MOR-1 through
ADDRESS:	2001 Ross Avenue		MOR-9 plus attachments, is true and correct, to the best of my knowledge.

CITY, STATE, ZIP:	Dallas, TX 75201		SIGNED X /s/ Sean M. Gore		TITLE:	Senior Vice President - Chief Financial Officer
TELEPHONE/FAX:	214.953.6500/214.953.6503
			Sean M. Gore						10/29/14
			(PRINT NAME OF SIGNATORY)						DATE

MOR-1
Note:
(1) Collections in certain foreign jurisdictions are received locally and used to make payroll for employees and vendors in those foreign jurisdictions

CASE NAME:	AUTOSEIS, INC. ET AL
CASE NUMBER:	14-20130


COMPARATIVE BALANCE SHEETS
(Amounts in '000s)

ASSETS	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH
	3/25/14 TO 3/31/14	April	May	June	July	August	September
CURRENT ASSETS
Cash - U.S. bank accounts	$ 24,465	$ 41,937	$ 37,561	$ 29,044	$ 17,461	$ 17,788	$ 17,788
Cash - non-U.S. bank accounts	4,687	2,950	2,119	2,143	2,032	-5,668	288
Restricted cash	990	990	990	486	481	481	481
Trade Accounts Receivable, Net	20,428	17,099	15,699	11,320	13,264	22,548	10,825
Unbilled Accounts Receivable	19,335	27,876	28,989	29,508	31,653	21,810	14,430
Other Accounts Receivable	87	87	87	89	89	89	89
Inventory: Lower of Cost or Market	107	107	107	107	107	107	107
Prepaid Expenses	4,093	7,048	4,547	4,028	3,350	3,135	3,813
Investments	-	-	-	-	-	-	-
Mobilization costs, net	17,110	7,972	3,994	3,416	1,425	477	67
Other	266	266	15	15	15	15	15
TOTAL CURRENT ASSETS	91,568	106,331	94,107	80,157	69,878	60,782	47,903
PROPERTY, PLANT & EQUIP. @ COST	340,559	339,483	340,271	330,241	330,857	294,129	281,706
Less Accumulated Depreciation	267,128	269,710	272,209	261,304	263,824	227,813	217,718
NET BOOK VALUE OF PP & E	73,431	69,773	68,062	68,937	67,033	66,316	63,988
OTHER ASSETS
Tax Deposits	-	-	-	-	-	-	-
Investments in Subsidiaries	1	1	1	1	1	1	1
Electric Deposit	-	-	30	30	30	30	30
Investment in multi-client library, net	182,241	173,832	166,435	163,488	155,350	153,482	155,359
Intercompany receivable, net	69,366	78,860	83,529	84,972	87,919	95,094	94,885
Goodwill	10,967	10,967	10,967	10,967	10,967	10,967	10,967
Intangible assets	7,004	6,908	6,811	6,809	6,711	6,613	6,675
Debt issuance costs, net	8,940	8,571	8,168	7,762	7,352	6,938	6,520
Deposits and other	401	422	430	404	327	343	400
TOTAL ASSETS	$ 443,919	$ 455,666	$ 438,540	$ 423,527	$ 405,568	$ 400,567	$ 386,728

<Note 1> The debtor cash balance above is broken out between U.S. bank accounts and non-U.S. bank accounts. The U.S. bank accounts contains the Citibank Argentina account as the funds are controlled by Houston. The U.S. bank account ties to the Ending Cash per Books on MOR8. MOR8 contains information for the current month for all U.S. bank accounts and is broken out into two categories, accounts where the funds are controlled by Houston Corporate office and other U.S. accounts. The Ending Cash per Books for the first subtotal (accounts where the funds are controlled by Houston Corporate office) on MOR8 ties to the Ending Cash per Books - End of Month on MOR7. MOR7 contains the activity for accounts where the funds are controlled by Houston Corporate office.

MOR-2	Revised 07/01/98	Revised 07/01/98

CASE NAME:	AUTOSEIS, INC. ET AL
CASE NUMBER:	14-20130


COMPARATIVE BALANCE SHEETS
(Amounts in '000s)

LIABILITIES & OWNER'S	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH
EQUITY	3/25/14 TO 3/31/14	April	May	June	July	August	September
LIABILITIES
POST-PETITION LIABILITIES(MOR-4)	$ 32,785	$ 172,846	$ 178,018	$ 181,434	$ 175,476	$ 177,092	$ 174,110
PRE-PETITION LIABILITIES
Secured Debt	86,498	4,386	4,081	3,776	3,468	3,160	2,849
Federal Income Tax	-	-	-	-	-	-	-
FICA/Withholding	583	-	-	-	-	-	-
Unsecured Debt	251,225	253,312	253,307	254,210	253,008	252,867	252,614
Deferred Revenue	23,367	6,311	2,295	-	-	-	-
VAT	2,330	2,595	2,595	2,595	-	-	-
Trade A/P	25,090	15,769	13,885	13,253	13,461	13,829	13,356
Accrued payroll liabilities	719	-	-	-	-	-	-
Accrued bond interest	10,080	10,514	10,514	10,514	10,514	10,514	10,514
Expense Accruals	10,495	3,108	2,833	3,726	3,641	4,127	4,118
Other	-	-	-	-	-	-	-
TOTAL PRE-PETITION LIABILITIES	410,387	295,995	289,510	288,073	284,092	284,496	283,451
TOTAL LIABILITIES	443,172	468,841	467,528	$469,507	459,568	461,588	457,561
OWNER'S EQUITY (DEFICIT)
PREFERRED STOCK	-	-	-	-	-	-	-
COMMON STOCK	500	500	500	500	500	500	500
ADDITIONAL PAID-IN CAPITAL	174,813	175,531	176,230	176,841	177,508	178,174	178,817
RETAINED EARNINGS: Filing Date	(170,526)	(165,889)	(164,227)	(169,904)	(170,289)	(170,290)	(172,582)
RETAINED EARNINGS: Post Filing Date	(4,040)	(23,317)	(41,491)	(53,416)	(61,719)	(69,406)	(77,568)
TOTAL OWNER'S EQUITY (NET WORTH)	747	(13,174)	(28,988)	(45,980)	(54,001)	(61,021)	(70,833)
TOTAL LIABILITIES & OWNERS EQUITY	$ 443,919	$ 455,666	$ 438,540	$ 423,527	$ 405,568	$ 400,567	$ 386,728

MOR-3

Revised 07/01/98

CASE NAME:	AUTOSEIS, INC. ET AL
CASE NUMBER:	14-20130



SCHEDULE OF POST-PETITION LIABILITIES
(Amounts in '000s)

	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH
	3/25/14 TO 3/31/14	April	May	June	July	August	September
TRADE ACCOUNTS PAYABLE	$ 2,559	$ 3,097	$ 1,975	$ 4,235	$ 4,773	$ 6,712	$ 5,870
TAX PAYABLE
Federal and State Payroll Taxes	389	942	941	873	858	852	846
Ad Valorem Taxes	173	184	184	336	336	336	483
Other Taxes	-	-	-	-	-	-	-
SECURED DEBT POST-PETITION	25,000	151,881	151,881	151,881	153,049	152,817	152,584
ACCRUED INTEREST PAYABLE	602	47	47	47	47	142	47
ACCRUED PROFESSIONAL FEES*	-	13	5,331	5,827	4,041	4,293	5,308
OTHER ACCRUED LIABILITIES
VAT	96	468	380	1,218	150	1,327	38
Deferred Revenue	1,669	4,207	6,684	7,693	4,902	4,340	2,000
Accrued payroll liabilities	480	1,672	1,226	1,289	1,040	1,504	1,237
Expense Accruals	1,817	10,335	9,369	8,035	6,279	4,769	5,698

TOTAL POST-PETITION LIABILITIES (MOR-3)	$ 32,785	$ 172,846	$ 178,018	$ 181,434	$ 175,476	$ 177,092	$ 174,110

*Payment requires Court Approval

MOR-4

Revised 07/01/98

CASE NAME:	AUTOSEIS, INC. ET AL
CASE NUMBER:	14-20130

AGING OF POST-PETITION LIABILITIES
MONTH September 2014

(Amounts in '000s)

DAYS	TOTAL	TRADE	FEDERAL AND STATE	AD VALOREM,	MONTH
		ACCOUNTS	PAYROLL TAXES	OTHER TAXES	OTHER
0-30	$ 6,625	$ 5,296	$ 846	$ 483	$ -
31-60	207	207	-	-	-
61-90	2	2	-	-	-
91+	365	365	-	-	-
TOTAL	$ 7,199	$ 5,870	$ 846	$ 483	$ -

AGING OF ACCOUNTS RECEIVABLE
(Amounts in '000s)


MONTH
	March 2014	April 2014	May 2014	June 2014	July 2014	August 2014	Septmber 2014
0-30 DAYS	$ 15,625	$ 9,564	$ 9,837	$ 6,768	$ 9,935	$ 15,693	$ 7,506
31-60 DAYS	2,845	4,769	2,272	247	452	3,715	1,389
61-90 DAYS	118	624	1,750	868	168	939	67
91+ DAYS	1,840	2,143	1,840	3,437	2,709	2,201	1,863
TOTAL	$ 20,428	$ 17,099	$ 15,699	$ 11,320	$ 13,264	$ 22,548	$ 10,825

MOR-5

Revised 07/01/98

CASE NAME:	AUTOSEIS, INC. ET AL
CASE NUMBER:	14-20130


STATEMENT OF INCOME (LOSS)
(Amounts in '000s)

	Per	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH	FILING TO
	Projection	3/25/14 TO 3/31/14	April	May	June	July	August	September	DATE
REVENUES (MOR-1)		$ 2,832	$ 37,350	$ 23,761	$ 13,441	$ 24,574	$ 15,379	$ 9,041	$ 126,379
TOTAL COST OF REVENUES		3,378	23,982	18,698	10,182	10,094	11,002	7,723	85,059
GROSS PROFIT		(546)	13,368	5,064	3,259	14,480	4,377	1,318	41,320
OPERATING EXPENSES:
Selling & Marketing		110	3,961	2,461	1,145	4,445	2,631	146	14,899
General & Administrative		1,497	1,739	2,223	4,113	1,601	2,020	2,287	15,480
Insiders Compensation		-	260	322	307	372	317	319	1,897
Professional Fees		19	1,574	6,856	4,158	4,004	2,697	3,399	22,707
Other - (Gain) Loss on Fixed Asset Disposal		(243)	(134)	(17)	(525)	(17)	741	(3,005)	(3,200)
Other - Multi-Client Amortization		804	8,408	7,541	3,562	8,616	1,953	1,521	32,406
TOTAL OPERATING EXPENSES		2,187	15,808	19,387	12,760	19,021	10,359	4,667	84,189
INCOME BEFORE INT, DEPR/TAX (MOR-1)		(2,733)	(2,440)	(14,323)	(9,501)	(4,541)	(5,982)	(3,349)	(42,869)
INTEREST EXPENSE		223	1,311	1,932	1,971	1,939	1,925	1,870	11,172
DEPRECIATION		922	1,863	1,549	16	1,482	(263)	2,143	7,712
OTHER (INCOME) EXPENSE*		-	-	189	-	17	-	-	206
FOREIGN EXCHANGE (GAIN) LOSS		110	(373)	86	19	88	28	(58)	(100)
LOSS ON DEBT EXTINGUISHMENT		-	13,594	-	-	-	-	-	13,594
OTHER ITEMS**		-	-	-	-	-	-	-	-
TOTAL INT, DEPR & OTHER ITEMS		1,255	16,395	3,757	2,006	3,526	1,690	3,955	32,584
NET INCOME BEFORE TAXES		(3,988)	(18,835)	(18,080)	(11,507)	(8,067)	(7,672)	(7,304)	(75,453)
INCOME and OTHER TAXES		52	442	94	418	236	15	858	2,115
NET INCOME (LOSS) (MOR-1)		$ (4,040)	$ (19,277)	$ (18,174)	$ (11,925)	$ (8,303)	$ (7,687)	$ (8,162)	$ (77,568)

Accrual Accounting Required, Otherwise Footnote with Explanation.
* Footnote Mandatory.
* * Unusual and/or infrequent item(s) outside the ordinary course of business requires footnote.



MOR-6	Revised 07/01/98

CASE NAME:	AUTOSEIS, INC. ET AL
CASE NUMBER:	14-20130


(Amounts in '000s)

CASH RECEIPTS AND	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH	FILING TO
DISBURSEMENTS	3/25/14 TO 3/31/14	April	May	June	July	August	September	DATE
1. CASH-BEGINNING OF MONTH / PERIOD	$ 2,431	$ 23,451	$ 41,937	$ 36,830	$ 28,214	$ 16,743	$ 10,022	$ 2,431
RECEIPTS:
2. CASH RECIEPTS FROM REGIONS	680	1,225	595	-	-	1,690	7,200	11,390
3. CASH RECEIPTS FROM CUSTOMERS	1,674	10,599	18,486	14,050	14,771	10,717	20,050	90,347
4. PROCEEDS FROM DIP FUNDING	24,232	123,019	-	-	-	-	-	147,251
5. SALE OF ASSETS	-	-	-	-	-	-	-	-
6. OTHER (attach list)	-	-	-	-	-	-	-	-
TOTAL RECEIPTS**	26,586	134,843	19,081	14,050	14,771	12,407	27,250	248,988
(Withdrawal) Contribution by Individual Debtor MFR-2*	-	-	-	-	-	-	-	-
DISBURSEMENTS:
7. CASH REQUESTS FROM REGIONS	3,175	2,687	7,506	7,378	11,925	4,340	3,088	40,099
8. PAYROLL, PER DIEM & BENEFITS	-	5,229	4,021	3,739	3,555	3,174	3,481	23,198
9. PAYROLL IOM (ISLE OF MAN)	-	890	877	974	1,097	1,140	1,200	6,178
10. ACCOUNTS PAYABLE (POST PETITION ONLY)	150	6,602	6,874	6,039	5,325	5,314	7,143	37,447
11. SENIOR DEBT INTEREST	2,222	-	-	-	-	-	-	2,222
12. INTEREST/FEES ON ADDITIONAL DEBT	-	431	1,419	1,466	1,466	1,372	1,513	7,666
13. BANKRUPTCY RELATED PAYMENTS (PRE PETITION ONLY) ***	-	6,820	1,280	287	15	4	40	8,445
14. INSURANCE PAYMENTS	-	1,040	635	-	472	236	236	2,619
15. TPG LOAN PAYMENT	-	91,881	-	-	-	-	-	91,881
16. OTHER (attach list)	-	-	-	-	-	-	-	-
TOTAL DISBURSEMENTS FROM OPERATIONS	5,547	115,580	22,611	19,883	23,855	15,579	16,700	219,756
17. DEBTOR PROFESSIONAL FEES	-	883	434	2,188	1,614	2,257	2,372	9,749
18. DIP LENDER PROFESSIONAL FEES	19	621	740	638	631	649	646	3,943
19. SENIOR LENDER PROFESSIONAL FEES	-	-	-	-	-	-	-	-
20. UNSECURED CREDITORS COMMITTEE PROFESSIONAL FEES	-	-	262	161	110	643	279	1,455
21. U.S. TRUSTEE FEES	-	2	13	-	31	-	-	46
22. OTHER REORGANIZATION EXPENSES (attach list)	-	-	-	-	-	-	-	-
TOTAL DISBURSEMENTS**	5,565	117,086	24,061	22,871	26,241	19,128	19,997	234,949
23. NET CASH FLOW	21,021	17,757	(4,979)	(8,821)	(11,471)	(6,721)	7,253	14,039
24. CASH - END OF MONTH	$ 23,451	$ 41,208	$ 36,957	$ 28,009	$ 16,743	$ 10,022	$ 17,274	$ 16,467
24. ADJUSTMENTS RELATED TO OTHER PERIODS	-	157	(133)	106	-	-	(86)	44
25. UNRECORDED DISBURSEMENTS / DISBURSEMENTS RECORDED IN PRIOR PERIOD	-	572	14	99	-	-	-	685
26. UNRECORDED RECEIPTS / RECEIPTS RECORDED IN PRIOR PERIOD	-	-	(8)	-	-	-	-	(8)
27. ENDING CASH PER BOOKS - END OF MONTH (MOR-8)	$ 23,451	$ 41,937	$ 36,830	$ 28,214	$ 16,743	$ 10,022	$ 17,188	$ 17,188

* Applies to Individual debtors only
**Numbers for the current month should balance (match)
RECEIPTS and CHECKS/OTHER DISBURSEMENTS lines on MOR-8
***Pre-petition Bankruptcy related payment include payments under Critical Vendor (including Logistics & 503(b)(9) claims), Foreign Vendors, & Wage motion relief related payments

[NOTE 1] Cash balance includes accounts where the funds are controlled by Houston Corporate office

[NOTE 2] Receipts and Disbursements include amounts received and sent from Houston Corporate Office

[NOTE 3] May ‘Cash Requests from Regions’ was understated by 53k and, accordingly, ‘Payroll, Per Diem & Benefits’ was overstated by 53k due to clerical error which incorrectly classified funds transferred to the U.S. Land account.

[NOTE 4] MOR 7 contains the activity for accounts where the funds are controlled by Houston Corporate office. The Ending Cash per Books - End of Month above ties to the Ending Cash per Books for the first subtotal (accounts where the funds are controlled by Houston Corporate office) on MOR8. MOR8 contains information for the current month for all U.S. bank accounts and is broken out into two categories, accounts where the funds are controlled by Houston Corporate office and other U.S. accounts. The total Ending Cash per Books on MOR8 ties to the Cash - U.S. bank accounts on MOR2. MOR2 shows the debtor cash balance and is broken out between U.S. bank accounts and non-U.S. bank accounts.


MOR-7	Revised 07/01/98

CASE NAME:	AUTOSEIS, INC. ET AL
CASE NUMBER:	14-20130


CASH ACCOUNT RECONCILIATION
PERIOD 09/01/2014 - 09/30/2014

(Amounts in '000s)

BANK NAME		Bank of America	Bank of America	Bank of America	Bank of America	Bank of America	Bank of America	Bank of America	Bank of America	Bank of America
ACCOUNT NUMBER		488 031 266 121	488 031 266 134	488 031 266 147	488 031 266 150	488 031 266 163	488 032 919 590	488 031 266 176	488 035 058 966	488 038 382 972
ACCOUNT TYPE		Investment	Master	Depository	Operating	Operating	Operating	Operating	Operating	Operating
BANK BALANCE		$ -	$ 9,177	$ -	$ -	$ -	$ 222	$ -	$ -	$ 19
DEPOSITS IN TRANSIT		-	20,050	20,043	-	-	-	-	-	-
OUTSTANDING CHECKS		-	11	20,043	-	212	-	-	-	-
OTHER		-	19,778	-	(125)	36	-	-	(1)	22
ADJUSTED BANK BALANCE		$ -	$ 9,439	$ -	$ 125	$ (248)	$ 222	$ -	$ 1	$ (3)
BEGINNING CASH - PER BOOKS		$ -	$ 9,177	$ -	$ 127	$ (610)	$ 222	$ -	$ 1	$ (5)
RECEIPTS* (4)		-	-	20,043	-	-	-		-	-
TRANSFERS BETWEEN ACCOUNTS (4)		-	-				-	-	-	-
TRANSFERS BETWEEN ACCOUNTS (5)		-	276	(20,043)	1,718	17,377	-	-	-	12
TRANSFERS TO FOREIGN DEBTOR ENTITIES (5)		-	-	-	-	(1,770)	-	-	-	-
TRANSFERS TO FOREIGN NON-DEBTOR ENTITIES (5)		-	-	-	-	-	-	-	-	-
TRANSFERS FROM FOREIGN DEBTOR ENTITIES (4)		-	-	-	-	-	-	-	-	-
TRANSFERS FROM FOREIGN NON-DEBTOR ENTITIES (4)		-	-	-	-	-	-	-	-	-
(WITHDRAWAL) OR INDIVIDUAL	CONTRIBUTION BY DEBTOR MFR-2	-	-	-	-	-	-	-	-	-
CHECKS/OTHER DISBURSEMENTS* (5)		-	(14)	-	(1,634)	(15,245)	-	-	-	(10)
ADJUSTMENTS RELATED TO OTHER PERIODS		-			(86)				-
ENDING CASH - PER BOOKS		$ -	$ 9,439	$ -	$ 125	$ (248)	$ 222	$ -	$ 1	$ (3)
UNRECORDED DISBURSEMENTS / DISBURSEMENTS RECORDED IN PRIOR PERIOD (5)		-	-	-	-	-	-	-	-	-
UNRECORDED RECEIPTS / RECEIPTS RECORDED IN PRIOR PERIOD (4)		-	-	-	-	-	-	-	-	-
ADJUSTED ENDING CASH - PER BOOKS		$ -	$ 9,439	$ -	$ 125	$ (248)	$ 222	$ -	$ 1	$ (3)

MOR-8

CASE NAME:	AUTOSEIS, INC. ET AL
CASE NUMBER:	14-20130


CASH ACCOUNT RECONCILIATION
PERIOD 09/01/2014 - 09/30/2014

(Amounts in '000s)

BANK NAME		Bank of America	Amegy	Amegy	Citi	Citi		Citi	Citi	Bank of America
ACCOUNT NUMBER		488 038 414 688	3354784	51577557	3065 9287	30854015		3066 5361	3876 6415	488 038 409 088
ACCOUNT TYPE		Operating	Operating	Operating	Operating	Operating	Subtotal (1) (2)	Payroll	Payroll	Operating
BANK BALANCE		$ -	$ 3	$ 500	$ 7,136	$ 17	$ 17,074	$ 630	$ (129)	$ 8
DEPOSITS IN TRANSIT		-	-	-	-	-	40,093	-	-	-
OUTSTANDING CHECKS		-	-	-	-	-	20,266	-	-	-
OTHER		-	1	-	-	-	19,710	(19)	19	(4)
ADJUSTED BANK BALANCE		$ -	$ 2	$ 500	$ 7,136	$ 17	17,191	$ 649	$ (149)	$ 12
BEGINNING CASH - PER BOOKS		$ -	$ 3	$ 500	$ 585	$ 23	$ 10,023	$ 643	$ (134)	$ 5
RECEIPTS* (4)		7	-	-	-	-	20,050	-	-	-
TRANSFERS BETWEEN ACCOUNTS (4)		-	-	-	-	-	-	-	-	-
TRANSFERS BETWEEN ACCOUNTS (5)		(7)	-	-	500	(21)	(188)	6	-	-
TRANSFERS TO FOREIGN DEBTOR ENTITIES (5)		-	-	-	(30)	-	(1,800)	-	-	-
TRANSFERS TO FOREIGN NON-DEBTOR ENTITIES (5)		-	-	-	(1,100)	-	(1,100)	-	-	-
TRANSFERS FROM FOREIGN DEBTOR ENTITIES (4)		-	-	-	7,200	-	7,200	-	-	-
TRANSFERS FROM FOREIGN NON-DEBTOR ENTITIES (4)		-	-	-	-	-	-	-	-	-
(WITHDRAWAL) OR INDIVIDUAL	CONTRIBUTION BY DEBTOR MFR-2	-	-	-	-	-	-	-	-	-
CHECKS/OTHER DISBURSEMENTS* (5)		-	(1)	-	(19)	15	(16,908)	-	(15)	7
ADJUSTMENTS RELATED TO OTHER PERIODS						-	(86)	-	-	-
ENDING CASH - PER BOOKS		$ -	$ 2	$ 500	$ 7,136	$ 17	$ 17,191	$ 649	$ (149)	$ 12
UNRECORDED DISBURSEMENTS / DISBURSEMENTS RECORDED IN PRIOR PERIOD (5)		-	-	-	-	-	-	-	-	-
UNRECORDED RECEIPTS / RECEIPTS RECORDED IN PRIOR PERIOD (4)		-	-	-	-	-	-	-	-	-
ADJUSTED ENDING CASH - PER BOOKS		$ -	$ 2	$ 500	$ 7,136	$ 17	$ 17,191	$ 649	$ (149)	$ 12

MOR-8

CASE NAME:	AUTOSEIS, INC. ET AL
CASE NUMBER:	14-20130


CASH ACCOUNT RECONCILIATION
PERIOD 09/01/2014 - 09/30/2014

(Amounts in '000s)

BANK NAME		Wells Fargo	Wells Fargo	Wells Fargo	Amegy	Amegy	Amegy	Amegy
ACCOUNT NUMBER		8964670833	8429980983	9043440404	51577514	51897373	3687805	3690415
ACCOUNT TYPE		Operating	Operating	Operating	Payroll	Payroll	Payroll	Operating	Subtotal (3)	TOTAL
BANK BALANCE		$ -	$ 123	$ -	$ -	$ -	$ -	$ 1	$ 633	$ 17,707
DEPOSITS IN TRANSIT		-	-	-	-	-	-	-	-	40,093
OUTSTANDING CHECKS		-	42	-	-	-	-	-	42	20,308
OTHER		-	-	-	-	-	-	-	(4)	19,706
ADJUSTED BANK BALANCE		$ -	$ 81	$ -	$ -	$ -	$ -	1	596	17,788
BEGINNING CASH - PER BOOKS		$ -	$ 183	$ -	$ -	$ -	$ -	$ 1	$ 698	10,721
RECEIPTS* (4)		-	-	-	-	-	-	-	-	20,050
TRANSFERS BETWEEN ACCOUNTS (4)		-	-	-	-	-	-	-	-	-
TRANSFERS BETWEEN ACCOUNTS (5)		-	160	-	-	-	-	-	166	(22)
TRANSFERS TO FOREIGN DEBTOR ENTITIES (5)		-	-	-	-	-	-	-	-	(1,800)
TRANSFERS TO FOREIGN NON-DEBTOR ENTITIES (5)		-	-	-	-	-	-	-	-	(1,100)
TRANSFERS FROM FOREIGN DEBTOR ENTITIES (4)		-	-	-	-	-	-	-	-	7,200
TRANSFERS FROM FOREIGN NON-DEBTOR ENTITIES (4)		-	-	-	-	-	-	-	-	-
(WITHDRAWAL) OR INDIVIDUAL	CONTRIBUTION BY DEBTOR MFR-2	-	-	-	-	-	-	-	-	-
CHECKS/OTHER DISBURSEMENTS* (5)		-	(262)						(269)	(17,177)
ADJUSTMENTS RELATED TO OTHER PERIODS		-	-	-	-	-	-	-	-	(86)
ENDING CASH - PER BOOKS		$ -	$ 81	$ -	$ -	$ -	$ -	$ 1	$ 596	$ 17,788
UNRECORDED DISBURSEMENTS / DISBURSEMENTS RECORDED IN PRIOR PERIOD (5)		-	-	-	-	-	-	-	-	-
UNRECORDED RECEIPTS / RECEIPTS RECORDED IN PRIOR PERIOD (4)		-	-	-	-	-	-	-	-	-
ADJUSTED ENDING CASH - PER BOOKS		$ -	$ 81	$ -	$ -	$ -	$ -	$ 1	$ 596	$ 17,788

MOR-8

CASE NAME:	AUTOSEIS, INC. ET AL
CASE NUMBER:	14-20130


PAYMENTS TO INSIDERS AND PROFESSIONALS
(Amounts in '000s)

Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.
Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.) (Attach additional pages as necessary).

				MONTH	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH
INSIDERS: NAME/COMP TYPE				3/25/14 TO 3/31/14	April	May	June	July	August	September

1	Bahorich, Michael S.	Director	Compensation	$ -	$ -	$ -	$ -	$ 10	$ -	$ -
			Expense Reimbursement	-	-	-	-	-	-	-
2	Branch, Caroline	Officer	Compensation	-	7	10	10	10	10	15
			Expense Reimbursement	-	1	1	0	0	8	1
3	Brasher, James E.	Officer	Compensation	-	25	25	18	25	26	25
			Expense Reimbursement	-	1	-	1	1	-	3
4	Fleure, Thomas J.	Officer	Compensation	-	13	20	20	20	20	20
			Expense Reimbursement	-	-	3	-	5	-	4
5	Flynn, Maurice	Officer	Compensation	-	13	28	23	34	28	35
			Expense Reimbursement	-	5	-	3	1	2	2
6	Forrest, Michael C.	Director	Compensation	-	-	-	-	10	-
			Expense Reimbursement	-	-	-	-	-	-	-
7	Gore, Sean M.	Officer	Compensation	-	17	25	25	25	25	25
			Expense Reimbursement	-	-	-	-	-	-	-
8	Howell, Jeff M.	Officer	Compensation	-	13	14	14	14	14	14
			Expense Reimbursement	-	1	-	-	-	-	-
9	Kurz, Karl F.	Director	Compensation	-	-	-	-	15	-
			Expense Reimbursement	-	-	-	-	-	-	-
10	Lahouse, Thomas M.	Officer	Compensation	-	13	18	18	18	19	18
			Expense Reimbursement	-	1	-	-	-	-	-
11	Matelich, George E.	Director	Compensation	-	-	-	-	-
			Expense Reimbursement	-	-	-	-	-	-	-
12	Mccoy, Joseph P.	Director	Compensation	-	-	-	-	15	-
			Expense Reimbursement	-	-	-	-	-	-	-
13	Muse Jr., Ralph B.	Officer	Compensation	-	13	20	17	-	-
			Expense Reimbursement	-	3	1	1	-	-	-
14	Osborne, Stanley De J.	Director	Compensation	-	-	-	-	-	-
			Expense Reimbursement	-	-	-	-	-	-	-
15	Peebles, Ross G.	Officer	Compensation	-	16	23	26	25	25	25
			Expense Reimbursement	-	8	2	3	0	7	5
16	Riley Jr., Duncan W.	Officer	Compensation	-	14	21	21	21	21	21
			Expense Reimbursement	-	2	2	3	-	1	1
17	Skerl, Damir S.	Director	Compensation	-	-	-	-	13	-
			Expense Reimbursement	-	-	-	-	-	-	0
18	Terrell, Tracy C.	Officer	Compensation	-	16	20	20	20	20	20
			Expense Reimbursement	-	0	0	2	5	2	1
19	Verghese, P. Mathew	Officer	Compensation	-	19	27	27	27	27	29
			Expense Reimbursement	-	5	2	1	0	1	-
20	White, Richard C.	Officer	Compensation	-	26	33	33	33	34	34
			Expense Reimbursement	-	12	7	0	3	7	-
21	Yapuncich, George T.	Officer	Compensation	-	14	21	21	21	21	21
			Expense Reimbursement	-	-	-	-	-	-	-
TOTAL INSIDERS (MOR-1)				$ -	$ 260	$ 322	$ 307	$ 372	$ 317	$ 319

		MONTH	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH
PROFESSIONALS		3/25/14 TO 3/31/14	April	May	June	July	August	September

	Akin Gump Strass Hauer & Feld LLP	$ -	$ 371	$ 492	$ 444	$ 439	$ 488	$ 490
	Alvarez & Marsal, LLC	-	-	-	923	871	987	1,653
	Baker Botts LLP			-	1,153	371	774	506
	Ernst & Young	-	86	34	-	-	-	-
	Greenberg Traurig, LLP	-	-	262	161	-	514	195
	Joele Frank, Wilkinson Brimmer Katcher	-	-	15	-	34	-	-
	Jordan, Hyden, Womble, Culbreth & Holzer	-	-	47	42	15	30	15
	Lazard Middle Market LLC	-	-	-	-	110	129	84
	Opportune	-	250	154	163	158	161	155
	Prime Clerk	-	21	121	70	51	18	13
	Ropes & Gray, LLP	-	-	94	31	-	-	0
	Rothschild Inc.	-	-	217	-	271	443	135
	U.S. Trustee Payment Center	-	2	13	-	31	-	-
	UHY LLP	-	777	-	-	35	5	51
	Wilmington Trust [1]	19	55	-	-	-	-	-


TOTAL PROFESSIONALS (MOR-1)		$ 19	$ 1,561	$ 1,449	$ 2,987	$ 2,387	$ 3,549	$ 3,297

	[1] Amounts netted against DIP funding

MOR-9		Revised 07/01/98	Revised 07/01/98

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF TEXAS

CORPUS CHRISTI DIVISION

Exhibit A - CONSOLIDATING DISBURSEMENTS OF JOINTLY ADMINISTERED CASES IN CHAPTER 11

CASE NAME:	AUTOSEIS, INC. ET AL
JOINT ADMINISTRATION CASE NUMBER:	14-20130

		DISBURSEMENTS
		(Amounts in '000s)

Entity	Case No.	3/25/14 TO 3/31/14	April	May	June	July	August	Sept.	Filing to Date
AUTOSEIS, INC.	14-20130	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
GLOBAL GEOPHYSICAL SERVICES, INC.	14-20131	5,565	117,086	24,061	22,871	26,241	19,128	19,997	234,949
GLOBAL GEOPHYSICAL EAME, INC.	14-20132	-	-	-	-	-	-	-	-
GGS INTERNATIONAL HOLDINGS, INC.	14-20133	-	-	-	-	-	-	-	-
ACCRETE MONITORING, INC.	14-20134	-	-	-	-	-	-	-	-
AUTOSEIS DEVELOPMENT COMPANY	14-20135	-	-	-	-	-	-	-	-

Total Disbursements (same as MOR-1 disbursements)		$ 5,565	$ 117,086	$ 24,061	$ 22,871	$ 26,241	$ 19,128	$ 19,997	$ 234,949

Exhibit A

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