Applications to process seismic data are computationally expensive and, therefore, employ scalable parallel systems to produce timely results. Here we describe our experiences of using performance analysis tools to gain insight into an MPI+OpenMP code developed by Shell that performs Reverse Time Migration on a cluster to produce models of the subsurface. Tuning MPI+OpenMP programs for modern platforms is difficult, and, therefore, assistance is required from performance analysis tools. These tools provided us with insights into the effectiveness of the domain decomposition strategy, the use of threaded parallelism, and functional unit utilization in individual cores. By applying insights obtained from Rice University's HPCToolkit and hardware performance counters, we were able to improve the performance of Shell's prototype distributed-memory Reverse Time Migration code by roughly 30 percent.