Wise

nowwe are somewhere around 130 employees.” “2017has been off to a reasonable start,”he states, hope- fully.“Although there’s a lot of damage and a lot of repair that needs to be worked out with the whole energy sector, partic- ularly the services side,which we are making some adjust- ments to as we go forward.The last two years were basically two years of losses for a lot of oil shale services companies. Right now, because of market conditions over the last two years,we’re coming off of a mode where it was ‘save, save, save, cut, cut, cut.’ But we’re entering into a period where we’re seeing things that we haven’t seen for a couple of years.We’ve got some stability and activity is up slightly. For the balance of 2017, it’s getting our company into better repair and a better position to service what we believe to be the recovery that’s coming over the next couple of years.” Some of that stability, according to Thompson, came about as the result of a decision made late last year by OPEC, the Organization of the Petroleum Exporting Coun- WISE INTERVENTIONS SERVICES INC. tries, to regulate their production downward. “That puts the equilibrium in supply and de- mand on a global scale of oil production and consumption into more of a balance,which has lifted the price up a bit.That has provided for more stability in the commodity prices,which then trickles down to the oil and gas producers, as well as the oil and gas services providers, which is what Wise Intervention Services is.” Regarding natural gas prices, Thompson believes that they, too, will begin to rise as exports, particularly from the robust Marcellus and Utica shale gas basins in the U.S., grow. “There is a lot of focus being put on the macro basis as to how to leverage North America’s gas- rich abilities and export those to the markets,” he states.“But until those exports are really in full swing and underway,we’re going to continue to see lower than preferred natural gas pricing which also has a dampening effect on the over- all energymarkets in North America.” In addition, there are other challenges facing

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