-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RY0wsAzgHOEstZ3T3SNqiJjuIoE73gn+JB9vqu5w72jktXiU7fND5Jmr5u6q10MV
 1L5s+gEnsv7i1TNDLxrF1g==

<SEC-DOCUMENT>0000911420-04-000271.txt : 20040719
<SEC-HEADER>0000911420-04-000271.hdr.sgml : 20040719
<ACCEPTANCE-DATETIME>20040719145239
ACCESSION NUMBER:		0000911420-04-000271
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040715
FILED AS OF DATE:		20040719

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CALLAGHAN KEVIN P
		CENTRAL INDEX KEY:			0001175945
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL AND GAS FIELD EXPLORATION SERVICES [1382]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10165
		FILM NUMBER:		04919941

	BUSINESS ADDRESS:	
		STREET 1:		50 BRIAR HOLLOW LN
		STREET 2:		WEST BLDG 7TH FLR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77027
		BUSINESS PHONE:		7138818900

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SEITEL INC
		CENTRAL INDEX KEY:			0000750813
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL AND GAS FIELD EXPLORATION SERVICES [1382]
		IRS NUMBER:				760025431
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		10811 S. WESTVIEW CIRCLE
		STREET 2:		BUILDING C, SUITE 100
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043
		BUSINESS PHONE:		7138818900

	MAIL ADDRESS:	
		STREET 1:		10811 S. WESTVIEW CIRCLE
		STREET 2:		BUILDING C, SUITE 100
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SEISMIC ENTERPRISES INC
		DATE OF NAME CHANGE:	19870814
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p979094_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-07-15</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000750813</issuerCik>
        <issuerName>SEITEL INC</issuerName>
        <issuerTradingSymbol>SELA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001175945</rptOwnerCik>
            <rptOwnerName>CALLAGHAN KEVIN P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10811 S. WESTVIEW CIRCLE</rptOwnerStreet1>
            <rptOwnerStreet2>BUILDING C - SUITE 100</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77027</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle>Officer</officerTitle>
            <otherText>COO, Executive Vice President</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Comon Stock Purchase Warrants</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>.60</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-07-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>7288</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.34</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2004-07-02</value>
            </exerciseDate>
            <expirationDate>
                <value>2004-08-02</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $.01 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>35901</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">As of the date hereof, the Reporting Person directly beneficially owns (i) 24,788 shares of the Issuer's reorganized common
stock and (ii) no longer has a beneficial ownership interest in any common stock purchase warrants, each representing the
right to purchase 4.926 shares of the Issuer's reorganized common stock, at an exercise price of $.60 per share, issued
pursuant to the Issuer's Third Amended Joint Plan of Reorganization, which became effective as of 07/02/04.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ KEVIN P. CALLAGHAN, BY MARCIA H. KENDRICK</signatureName>
        <signatureDate>2004-07-19</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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