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(Exact name of registrant as specified in its charter)

NEVADA					 84-0811647

(State or other jurisdiction of 				(IRS Employer   Identification No.)

incorporation or organization)





Registrant's telephone number including area code:			(801) 497-9075



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 preceding 12 months (or 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.



Indicate by check mark whether the registrant is a shell company (as defined Rule 12b-2 of the
Exchange Act).

Yes X  No ___







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**TABLE OF CONTENTS**

**PART I**

ITEM 1.   FINANCIAL STATEMENTS 3

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS 8

ITEM 3.   CONTROLS AND PROCEDURES

10

**PART II**

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K 11

INDEX TO EXHIBITS11

SIGNATURES 12

CERTIFICATIONS  13

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**ITEM 1 - FINANCIAL STATEMENTS**

The condensed financial statements included herein have been prepared by the Company,
pursuant to the rules and regulations of the Securities and Exchange Commission.

In the opinion of the Company, all adjustments, consisting of only normal recurring
adjustments, necessary to present fairly the financial position of the Company as of December 31,
2005 and the results of its operations and changes in its financial position from September 30, 2005
through December 31, 2005 have been made.  The results of its operations for such interim period
is not necessarily indicative of the results to be expected for the entire year.

**Matrix Energy Services Corporation.**



|**Assets**                                                                                                                                        
|--------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                  
|Current Assets                                                                                                                                    
|Cash                                                                                                                                              
|Total Current Assets                                                                                                                              
|                                                                                                                                                  
|**Liabilities and Stockholders' Equity**                                                                                                          
|                                                                                                                                                  
|****Current Liabilities                                                                                                                           
|Accounts Payable and Accrued Expenses                                                                                                             
|Notes Payable                                                                                                                                     
|Total Current Liabilities                                                                                                                         
|Commitments and Contingencies                                                                                                                     
|Stockholders'  (Deficit)                                                                                                                          
|Common Stock; $.002 Par Value; 500,000,000
Shares Authorized;  92,667,217 Shares Issued and 

Outstanding December 31, 2005 and September 30,
2005
|Additional Paid-In Capital                                                                                                                        
|Retained Deficit                                                                                                                                  
|Total Stockholders'(Deficit)                                                                                                                      
|Total Liabilities & Stockholders' (Deficit)                                                                                                       

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**Matrix Energy Services Corporation.**





|                                                                    | For the Three Months Ended
|------------------------------------------------------------------- | --------------------------
|                                                                    | December 31,
2005         
|REVENUE                                                             | $                     -   
|                                                                    |                           
|                                                                    |                           
|EXPENSES                                                            |                           
|General & Administrative                                            | 5,678                     
|Interest                                                            | 5,311                     
|TOTAL EXPENSES                                                      | 10,989                    
|LOSS BEFORE OTHER INCOME
               (EXPENSES) AND INCOME TAXES | (10,989)                  
|                                                                    |                           
|OTHER INCOME (EXPENSES)                                             |                           

|LOSS BEFORE INCOME TAXES                                  | (10,989)              | (20,799)         
|--------------------------------------------------------- | --------------------- | -----------------
|                                                          |                       |                  
|INCOME TAXES -                                            | -                     | -                
|NET LOSS                                                  | $       (10,989)      | $     (20,799)   
|                                                          |                       |                  
|WEIGHTED AVERAGE NUMBER OF SHARES
            OUTSTANDING | 92,667,217            | 92,667,217       
|NET (LOSS) PER SHARE:                                     | $              (0.00) | $          (0.00)

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**Matrix Energy Services Corporation.**





|                                                                           | For the Three months                 
|-------------------------------------------------------------------------- | -------------------------------------
|                                                                           | December 31,


2005                  
|Cash Flows from Operating Activities:                                      |                                      
|                                                                           | Net (Loss)                           
|Adjustments to Reconcile Net (Loss) to Net Cash From Operating
Activities: |                                      
|Changes in Operating Assets and Liabilities:                               |                                      
|                                                                           | Accounts Payable - Related Parties   
|                                                                           | Accounts Payable and Accrued Expenses
|                                                                           |                                      
|Cash Flows from Investing Activities                                       |                                      
|                                                                           |                                      
|Cash Flows from Financing Activities                                       |                                      
|                                                                           | Notes Payable Borrowings             
|                                                                           |                                      
|                                                                           |                                      
|                                                                           |                                      
|                                                                           |                                      
|Supplemental Schedule of Cash Flow Information                             |                                      
|                                                                           | Cash Paid During the Year For:       
|                                                                           | Interest Paid                        
|                                                                           | Income Taxes                         
|                                                                           |                                      

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NOTE 1  - Interim Financial Statements

The financial statements for the three months ended December 31, 2005 were prepared from the books and
records of the company.  Management believes that all adjustments have been made to the financial
statements to make a fair presentation of the financial condition of the company as of December 31, 2005.
The results of the three months are not indicative of a full year of operation for the Company.

Certain information and footnote disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been condensed or omitted.  It is suggested
that these financial statements be read in conjunction with the financial statements and notes thereto included
in the Company's September 31, 2005 audited financial statements.  The results of operations for the periods
ended December 31, 2005 are not necessarily indicative of the operating results for the full year.



**ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS.**

**Business**

As used herein, the term "Company" refers to Matrix Energy Services Corporation (formerly
Power Exploration, Inc.), a Nevada corporation, and its subsidiary and predecessors, unless the
context indicates otherwise. Originally incorporated on October 31, 1979 in Colorado as Imperial
Energy Corp., the Company adopted its present name in May of 2002.  Current management
obtained controlling ownership of the Company in July 2005.

The Company has had no operations since September 9, 2004. The Company is currently
looking for a business opportunity. The Company intends to take advantage of any reasonable
business proposal presented which management believes will provide the Company and its
stockholders with a viable business opportunity. The board of directors will make the final approval
in determining whether to complete any acquisition, and unless required by applicable law, the
articles of incorporation, bylaws or by contract, stockholders' approval may not be sought.

The investigation of specific business opportunities and the negotiation, drafting, and
execution of relevant agreements, disclosure documents, and other instruments will require
management time and attention and will require the Company to incur costs for payment of
accountants, attorneys, and others. If a decision is made not to participate in or complete the
acquisition of a specific business opportunity, the costs incurred in a related investigation will not
be recoverable. Further, even if agreement is reached for the participation in a specific business
opportunity by way of investment or otherwise, the failure to consummate the particular transaction
may result in the loss to the Company of all related costs incurred.

Currently, management is not able to determine the time or resources that will be necessary
to complete the participation in or acquisition of any future business prospect. There is no assurance
that the Company will be able to acquire an interest in any such prospects, products or opportunities
that may exist or that any activity of the Company, regardless of the completion of any participation
in or the acquisition of any business prospect, will be profitable.

**Forward Looking Statements**

The information herein contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby.
Investors are cautioned that all forward-looking statements involve risks and uncertainty, including,
without limitation, the ability of Matrix Energy Services Corporation ("the Company") to continue
its expansion strategy, changes in the real estate markets, labor and employee benefits, as well as
general market conditions, competition, and pricing. Although the Company believes that the
assumptions underlying the forward-looking statements contained herein are reasonable, any of the
assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking
statements included in the Form 10QSB will prove to be accurate. In view of the significant
uncertainties inherent in the forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by the Company or any other person that the
objectives and plans of the Company will be achieved.

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**General**

During the quarter ending December 31, 2005, the Company continued to pursue potential
business opportunities and possible acquisition targets in order to generate greater revenue and
increase shareholder value.

The following discussion of the consolidated financial condition and results of operations
of the Company should be read in conjunction with the consolidated financial statements of the
Company and the notes thereto included in Item 1 of Part I of this Report.

**Results of Operations**

**Revenues**

The Company had no revenues for the three months ended December 31, 2005 and 2004.
There have been no revenues since September 2004 due to the termination of operations.

**Costs and Expenses**

General and administrative expenses were $5,678 for the three months ended December 31,
2005 compared to $20,799 for the same period in 2004, which reflect the termination of operations
prior to the June 2005 quarter. Management anticipates expenses to remain similar in future quarters
with the cessation of business operations.

**Gross Loss**

Losses for the three months ended December 31, 2005, were $10,989 compared to $20,799
for the same period in 2004. The reduction in loss is the result of the termination of operations.
Management anticipates continued losses until new business is developed.

**Liquidity and Capital Resources**

At December 31, 2005, the Company's only asset was cash in the amount of $212. There has
been no change in cash since September 30, 2005. The Company's working capital deficit of
$401,872 at December 31, 2005 compared to a working capital deficit of $390,884 at September 30,
2005 shows an increase in working capital deficit of $10,989 for the year to date from the figure for
the year ended September 30, 2005. The working capital deficit was increased by borrowing to pay
general and administrative expenses and by current amounts payable to non-related parties for filing
related expenses.

Stockholders deficit in the Company was $401,872 as of December 31, 2005, compared to
$390,884 at year-end on September 30, 2005. This decrease is due to general and administrative
expenses and a lack of revenue.

Management anticipates that the Company will incur more costs including legal and
accounting fees to locate and complete a merger or acquisition. At the present time the Company
does not have the assets to meet these financial requirements. Additionally, the Company does not
have substantial assets to entice potential business opportunities to enter into transactions with the
Company.

It is unlikely that any revenue will be generated until the Company locates a business
opportunity with which to acquire or merge. Management of the Company will be investigating
various business opportunities. These efforts may cost the Company not only out of pocket expenses
for its management but also expenses associated with legal and accounting costs. There can be no
guarantee that the Company will receive any benefits from the efforts of management to locate
business opportunities.

If and when the Company locates a business opportunity, management of the Company will
give consideration to the dollar amount of that entity's profitable operations and the adequacy of its
working capital in determining the terms and conditions under which the Company would
consummate such an acquisition. Potential business opportunities, no matter which form they may
take, will most likely result in substantial dilution for the Company's shareholders as it has only
limited capital and no operations.

The Company does not intend to employ anyone in the future, unless its present business
operations were to change. The president of the Company is providing the Company with a location
for its offices on a "rent free basis." The Company does intend to reimburse its officers and directors
for out of pocket costs.

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**ITEM 3 - CONTROLS AND PROCEDURES.**

(a) Evaluation of disclosure controls and procedures. The Company maintains disclosure
controls and procedures designed to ensure that information required to be disclosed in the reports
that the Company files or submits under the Securities Exchange Act of 1934, is recorded, processed,
summarized and reported within the time period specified in the rules and forms of the Securities
and Exchange Commission.  The Company's management including its principal executive officer
and its principal financial officer, based on their evaluation of the Company's disclosure controls
over financial reporting and procedures (as defined in Exchange Act Rules 13a-14 (c)) in connection
with the Annual Report on Form 10-KSB as of December 31, 2004, have concluded that the
Company's disclosure controls over financial reporting and procedures are adequate and effective
as of December 31, 2005 for the purposes set forth in the definition in Exchange Act rules.

(b) Changes in internal controls over financial reporting.  There were not any significant
changes in the Company's internal controls over financial reporting  or in other factors that could
materially affect or is reasonably likely to materially affect, significantly affect the Company's
internal controls subsequent to the date of their evaluation

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**OTHER INFORMATION**

Item 6.	Exhibits and Reports on Form 8-K

(a) Exhibits.  The following exhibits follow the signature page of this report.

|Exhibit
No. | Page
No. | Description                                                                                                                                                                                                                                                            
|----------- | -------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|2.1         | -*-      | Plan of Reorganization and Change of Situs by which Titan Energy Corp., and
Power Exploration, Inc. Changes Its Place of Incorporation                                                                                                                                 
|2.2         | -*-      | Agreement and Plan of Merger Between Power Exploration, Inc. (Nevada) and
Power Exploration, Inc. (Colorado) . August 1, 1998                                                                                                                                          
|2.3         | -*-      | Articles of Incorporator. Election of Officers and Directors of Power
Exploration, Inc. (Nevada) . May 31, 1998                                                                                                                                                        
|2.4         | -*-      | Action by Incorporator. Election of Officers and Directors of Power
Exploration, Inc.(Nevada) . May 1998                                                                                                                                                               
|2.5         | -*-      | Special Action by the Executive Committee of Power Exploration, Inc. dated
January 11, 1999 (Incorporated herein by reference from Exhibits to the
Company's Form 8-K field January 19, 1999)                                                                          
|3.1         | -*-      | Articles of Incorporation of Imperial Energy dated October 31, 1979                                                                                                                                                                                                    
|3.2         | -*-      | Amendment to Articles of Incorporation dated June 26, 1984                                                                                                                                                                                                             
|3.3         | -*-      | Amendment to Articles of Incorporation dated September 25, 1996                                                                                                                                                                                                        
|3.4         | -*-      | Minutes of Special Shareholders Meeting Changing Name to Oil Retrieval
Systems, Inc. dated May 14, 1997                                                                                                                                                                
|3.5         | -*-      | Amendment to Articles of Incorporation dated June 15, 1997, Changing Name
to Oil Retrieval Systems, Inc                                                                                                                                                                
|3.6         | -*-      | By Laws of the Corporation                                                                                                                                                                                                                                             
|3.7         | -*-      | Articles of Incorporation of Power Exploration, Inc. (Nevada) dated May 14,
1998                                                                                                                                                                                       
|3.8         | -*-      | By Laws of Power Exploration, Inc. (Nevada dated June 1, 1998                                                                                                                                                                                                          
|10.1        | -*-      | Convertible Debenture with Venture Resources, Inc. dated July 1, 2005.                                                                                                                                                                                                 
|21.1        | *        | Subsidiaries of the Issuer                                                                                                                                                                                                                                             
|31.1        | 13       | Written Statement of Chief Executive Officer and Chief Financial Officer with
respect to compliance with Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                
|32.2        | 14       | Written Statement of Chief Executive Officer and Chief Financial Officer with
respect to compliance with Section 13(a) or 15(d) of  the Securities Exchange
Act of 1934 and pursuant to 18 U.S.C.1350, as adopted pursuant to ss. 906 of
the Sarbanes-Oxley Act of 2002

-*- Previously filed and incorporated herein by reference from the Form 10-KSB field January 14,
2000 by the Company.

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned authorized officer.

Dated: February 10,  2006	Matrix Energy Services Corporation.

By: /s/ James Anderson

James Anderson

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**Exhibit 31.1**

**SECTION 302 CERTIFICATION**

I, James Anderson, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Matrix Energy Services
Corporation.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this quarterly report.

3.  Based on my knowledge, the financial statements, and other financial information
included in this quarterly report, fairly present in all material respects the financial condition, results
of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly
report;

4.  I am responsible for establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting
(as defined in Exchange Act Rules 12a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures or caused such controls and procedures
to be designed under my supervision, to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to me by others within
those entities, particularly during the period in which this quarterly report is being prepared.

b) Evaluated the effectiveness of the registrant's disclosure controls and procedures and
presented in this report my conclusions about the effectiveness of the disclosure controls and
procedures as of the end of the period covered by this quarterly report based on such
evaluations; and

c) Disclosed in this report any change in the small business issuer's internal control over
financial reporting that occurred during the small business issuer's most recent fiscal quarter
that has materially affected, or is reasonably likely to materially affect, the registrant's
internal control over financial reporting.

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting,
to the registrant's auditors and the audit committee of registrant's board of directors (or persons
performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal
controls over financial reporting which could adversely affect the registrant's ability to
record, process, summarize and report financial data and have identified for the registrant's
auditors any material weaknesses in internal controls over financial reporting; and

b) Any fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant's internal controls over financial reporting.



Date: February 10,  2006			/s/ James Anderson

James Anderson

Chief Executive Officer

And Principal Accounting Officer

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**Exhibit 32.2**

**CERTIFICATION PURSUANT TO**

**18 U.S.C. SECTION 1350,**

**AS ADOPTED PURSUANT BY**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the Quarterly Report of Matrix Energy Services Corporation., on Form 10-QSB for the period ending December 31, 2005 as filed with the Securities and Exchange
Commission on the date hereof (the *"Report"*), the undersigned, James Anderson, Chief Executive
Officer and Principal Accounting Officer  of the Company, certify, pursuant to 18
U.S.C. 1350, as
adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13 (a) or 15 (d) of the
Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the
financial condition and result of operations of the Company.

Date: February 10,  2006					/s/ James Anderson

James Anderson

Chief Executive Officer

And Principal Accounting Officer

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