A new strategy for time-to-depth conversion and intervalvelocity estimation is based entirely on image-wavefront propagation without the need to follow individual image rays. The procedure has three main features: (1) It computes the velocity field and the traveltime directly, allowing us to dispense with dynamic ray tracing; (2) it requires only the knowledge of the image wavefront at the previous time step; and (3) it inherently smooths the image wavefront, inhibiting the formation of caustics. As a consequence, the method tends to be faster than the usual techniques and does not carry the constraints and limitations inherent to common ray-tracing strategies. Synthetic tests using a Gaussian velocity anomaly as well as the Marmousi velocity model, and two smoothed versions of it show the feasibility of the method. A field-data example demonstrates the use of different numerical procedures. Our results indicate that the present strategy can be used to construct reasonable depth-velocity models that can be used as reliable starting models for velocity-model building in depth migration or for tomographic methods. Ver menos