Integrated Environmental Technologies Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, revenues were $33,798,000 against $150,077,000 a year ago. Loss from operations was $702,289,000 against $1,050,754,000 a year ago. Net loss was $769,599,000 against $1,061,645,000 a year ago. The decrease in revenue was largely due to a low and uncertain oil pricing environment leading to added scrutiny in operational decisions by two of the Company's customers to reduce their well maintenance budgets and close low producing wells. Consequently, IET has gone from actively treating 186 wells at the end of 2015 and delivering approximately 84,000 gallons of Excelyte in the fourth quarter of 2015 to actively treating 46 wells during the first quarter of 2016 and delivering approximately 27,000 gallons of Excelyte.