The Geological Engineering Company folded due to a drop in the price of oil. In 1925, oil prices had rebounded, and Karcher helped to form Geophysical Research Corporation (GRC) as part of the oil company Amerada. In 1930, Karcher left GRC and helped to found Geophysical Service Incorporated (GSI). GSI was one of the most successful seismic contracting companies for over 50 years and was the parent of an even more successful company, Texas Instruments. Early GSI employee Henry Salvatori left that company in 1933 to found another major seismic contractor, Western Geophysical. Many other companies using reflection seismology in hydrocarbon exploration, hydrology, engineering studies, and other applications have been formed since the method was first invented. Major service companies in recent years have included CGG, ION Geophysical, Petroleum Geo-Services, Polarcus, TGS and WesternGeco, but since the oil price crash of 2015, providers of seismic services have continued to struggle financially such as Polarcus, whilst companies that were seismic acquisition industry leaders just ten years ago such as CGG and WesternGeco have now removed themselves from the seismic acquisition environment entirely and restructured to focus upon their existing seismic data libraries, seismic data management and non-seismic related oilfield services.