FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Rankin William C 2. Date of Event Requiring Statement (Month/Day/Year) 07/26/2006 3. Issuer Name and Ticker or Trading Symbol GeoMet, Inc. [GMET] (Last) (First) (Middle) 909 FANNIN STREET, SUITE 1850 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive VP and CFO 5. If Amendment, Date Original Filed(Month/Day/Year) 07/26/2006 (Street) HOUSTON, TX 77010 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 302,846 (1) D   Common Stock 400,000 I By investment limited partnership

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Nonqualified Stock Option (right to buy)	12/07/2001(2)	12/07/2010	Common Stock	186,680	$ 2.5	D	Â
Nonqualified Stock Option (right to buy)	05/19/2004(2)(4)	05/19/2013	Common Stock	93,340	$ 2.5	D	Â
Nonqualified Stock Option (right to buy)	09/22/2004(2)(4)	09/22/2013	Common Stock	186,680	$ 2.5	D	Â
Nonqualified Stock Option (right to buy)	04/27/2005(2)(4)	04/27/2014	Common Stock	93,340	$ 2.5	D	Â
Nonqualified Stock Option (right to buy)	  (3)	04/18/2013	Common Stock	13,632	$ 13	D	Â
Incentive Stock Option (right to buy)	04/18/2007(2)	04/18/2013	Common Stock	13,632	$ 13	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Rankin William C 909 FANNIN STREET SUITE 1850 HOUSTON, TX 77010	Â	Â	  Executive VP and CFO	Â

Signatures

William C. Rankin		11/17/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Includes 2,586 restricted shares of common stock that vest upon the achievement of certain performance targets by GeoMet, Inc.
(2)	Vests ratably (33 1/3%) over three years.
(3)	Vesting is conditioned upon the achievement of certain performance targets by GeoMet, Inc.
(4)	Fully vested as of January 30, 2006.

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