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Matrix Energy Services Corporation Snapshot
Matrix Energy Services could use some help from The Matrix's Neo. The matrix that exploration and production company Matrix Energy Services has found itself enmeshed in is one of heavy debts and limited prospects. The oil and gas independent held leasehold interests in 8,000 acres in the Corsicana Field, in South Central Texas. The company had 900 wells on this property, of which 200 were producing wells. However, its precarious financial condition forced Matrix Energy Services to suspend operations in 2004 while it seeks financial backing for further activities.
