News

Excell Services, Inc. Closes Acquisition of Heritage Wireline Services, Inc.

Posted: Mar 2, 2006

Heritage Wireline Truc

Excell Services, Inc., a wholly-owned subsidiary of J-W Operating Company has closed the acquisition of Heritage Wireline Services, Inc. for an undisclosed amount of cash at closing.  The effective date of the stock transaction was March 1, 2006.

"The addition of Heritage Wireline will add to the already strong and growing presence in East Texas by Excell Services, Inc. and J-W Operating Company.  It will add value through the synergy with our other East Texas and North Louisiana operations and is a great addition to our wireline operations with its expertise and is a stepping stone for growth in the area.  We will soon be adding new trucks and new services to Heritage's already strong service line" stated Andy Weaver, President of Excell Services, Inc.

Heritage Wireline Services, Inc. is a premier cased-hole wireline operator that specializes in perforating, bond logging, free point and back off services.  Heritage is located south of Tyler, TX and has an excellent reputation in the area that is second to none.  All of Heritage Wireline's personnel have been retained so the same quality service that customers have come to know will continue.

"We look forward to working with Andy Weaver and the J-W Operating Company technical support staff that have already been so willing to help us improve our capabilities.  I am convinced our customers will benefit from this support and the employees will also enjoy the benefits of being with a much larger group," Paul Myrick, Manager of Heritage Wireline Services.

Excell Services, Inc. has been providing drilling and well services since 1977.  Excell has a fleet of wireline trucks that currently operate in Colorado, Utah, Louisiana and Texas specializing in cement bond logging, perorating, back off and free point services, bridge plug and packer services and high pressure grease injection.

J-W Operating Company has been serving the energy industry since 1960 and specializes in gas compression, gas measurement, drilling, workover, wireline, pipeline and gathering systems, and exploration and production.  We currently have over 1,200 employees located in over 50 offices throughout Arkansas, Louisiana, Oklahoma, Kansas, Colorado, Wyoming, Utah, North Dakota, West Virginia, Ohio, New Mexico, and Texas.

FOR MORE INFORMATION:

John A. Daniels
J-W Operating Company
Business Development Manager
972-233-8191
jdaniels@jwoperating.com