[FORM 10-QSB]

                    SECURITIES AND EXCHANGE COMMISSION

                          WASHINGTON, D.C.  20549

(Mark One)
[X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF  THE SECURITIES
EXCHANGE ACT OF 1934.

For the quarterly period ended     June 30, 1996                 

or

[  ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934.

For the transition period from          to 
                               --------    --------

                      Commission File No. 33-26936-D                         
     

                           EXCEL RESOURCES, INC.                   
           (Exact name of registrant as specified in its charter)

                                    Nevada                             
          (State or other jurisdiction of incorporation or organization)

                                  87-0460769
                     (I.R.S. Employer Identification No.)
 
               1111 Bagby, Suite 2400, Houston, Texas 77002      
         (Address of principal executive offices)     (zip code)
                                    
                                (713) 659-5556                     
           (Registrant's telephone number, including area code) 


10,955,956 shares of Common Stock outstanding as of June 30, 1996

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the proceeding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.    

                            X  Yes      No
                           ---      --- 


                         EXCEL RESOURCES, INC.
                             SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this Report to be signed on its
behalf by the undersigned, thereunto duly authorized, on the 27th day of
August, 1996.

                                      EXCEL RESOURCES, INC.

                                       BY:  /s/ Francis H. Brinkman
                                            ---------------------------------
                                            Francis H. Brinkman, Chairman of   
                                            the Board and Chief Executive      
                                            Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this
Report has been signed by the following persons on behalf of the Registrant
and in the capacities with the Registrant indicated on the 27th day of August,
1996.

SIGNATURE:                        TITLE:

/s/ Francis H.  Brinkman
- ------------------------
FRANCIS H. BRINKMAN               Chairman of the Board, Chief Executive
                                  Officer and Director (Principal Executive
                                  Officer)

/s/ Roger D. Case
- -----------------
ROGER D. CASE                     President, Chief Operating Officer,
                                  Assistant Secretary and Director
                                  (Principal Operating Officer)