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A native of Texas, Nick Varel comes from a family with more than five decades of experience in the oil and gas industry. Understanding the vital importance of domestic energy production in ensuring national security, Varel has dedicated his career to continuing the family legacy. He laid the groundwork for his future ventures at Lynn University in Boca Raton, Florida, where he participated on a wide array of sports teams. After graduating with a Bachelor’s degree in International Business, Nick Varel procured a position as a Pricing Analysis and Contract Consultant with Gulf States Energy, LLC, in Dallas. Varel operated in this capacity for three years, performing comparisons of electricity prices to those of natural gas and negotiating contracts accordingly. After gaining invaluable insight and experience in the industry, Nick Varel joined Elephant Oil & Gas, LLC, as a Managing Member in 2006. Varel came to the company during its infancy and has helped develop the business into a leading manager of oil and gas exploration throughout Texas. Over the past six years, Elephant Oil & Gas has acquired leases on more than 150,000 acres, including more than 40,000 in the Permian Basin. While committed to facilitating new explorations, Nick Varel maintains an unwavering commitment to upholding the highest levels of professionalism and resource conservation. To that end, the company makes concerted efforts to minimize its impact while improving the efficiency of oil and gas production. Varel stays current with developments in the industry through his membership with the Independent Petroleum Association of America and the Dallas Petroleum Club. Nick Varel helps to preserved essential natural areas through his participation with the Friends of Katy Trail and Wings Over Wetlands. When he is not working, Varel enjoys traveling and cheering on his local sports teams.

Work experience

Pricing Analysis and Contract Consultant

Gulf States Energy, LLC

Electrical contract negations as to terms and pricing in regards to long term kWh based of the price of natural gas.

Jan 2006Present

Managing Member

Elephant Oil & Gas, LLC

Overseeing the acquisition of oil and gas leases along with management of oil and gas exploration.


Sep 1998Jun 2002


Lynn University