Excel Oil & Gas, Inc., an operating and consulting company of oil and gas properties, was formed in 1987 during one of the worst economic climates for oil and gas exploration. Poor economic conditions alone prevented many companies from being successful during the "oil bust years" caused by uncontrolled production quotas from members of OPEC.
From 1985-1990 the oil industry lost over 500,000 jobs nationwide. This has been labeled as one of the worst industry disasters in the history of the oil and gas business. However, despite poor market conditions in the late 1980's, Excel was able to achieve consistent and aggressive growth while establishing a reserve base for itself and its partners. Fortunately, 1987 market conditions substantially improved and prospects continue to look very good for future growth in the oil and gas industry.
As an operating and consulting company Excel Oil and Gas, Inc. provides a wide range of services including drilling and completion engineering, geological and geophysical interpretation and analysis, all aspects of petroleum land management including lease acquisition and title curative. Excel also provides a full range of oil and gas accounting services including operating statements, joint interest billing, tax reports, and lease management.