This document discusses different methods for calculating seismic velocity and summarizing seismic data. It describes: 1) Average velocity, which is used to convert reflection time to depth by dividing depth by one-way travel time. 2) Interval velocity, which is the velocity between two reflectors and is calculated by dividing the depth difference by the time difference. 3) Instantaneous velocity, which is the derivative of depth with respect to time for a continuously varying velocity. 4) Methods have evolved from manual graphical techniques to digital methods like wave equation migration to properly position seismic reflectors.