There had been a growing realisation amongst the geophysical community that the exchange of technical ideas and practical experience though important was lacking. With these thoughts in the background, a group of geophysicists met at the residence of Mr M.R.Rao (First President of SPG) and resolved to form a Geophysical Society with its headquarters at Dehradun.

As a result, the Society of Petroleum Geophysicists, India was born on August 15, 1992, when about 30 Geophysicists met and resolved to form an association, for improved interaction and technical exchange. The Society was registered with the Registrar of Societies as a non profit organisation on January 4, 1993.

A competition to design a LOGO for SPG was held on August 15, 1993. The design finally accepted for the logo depicts an oil drop engraved with SPG. Seven waves below the drop signify seven sisters of Petroleum Exploration- Geophysics, Geology, Petrophysics, Geochemistry, Bio-Stratigraphy, Reservoir Engineering, and Drilling Engineering.