Standard Energy Corp. (STDE)

Overview

Standard Energy Corporation is a company specializing in the acquisition of unproven oil and gas leaseholds with a strategic focus on reselling or drilling these assets in collaboration with third parties. Primarily targeting federal oil and gas leaseholds, the company extends its acquisition efforts through competitive bidding programs offered by various state agencies, with a significant presence in Utah and Wyoming. Founded in 1978 and based in Salt Lake City, Utah, Standard Energy Corporation complements its core operations by retaining a royalty interest, which varies between 1% to 6%, in the leaseholds it resells. Furthermore, the company's wholly owned subsidiary, Petroleum Investment Company, enhances its portfolio by offering specialized geologic lease evaluation services alongside a spectrum of related information services tailored to the oil and gas sector within the Rocky Mountain region.

Products and Services

• Lease Acquisition and Development:

  Standard Energy Corporation focuses on the acquisition of unproven oil and gas leaseholds for the purpose of resale or drilling. By procuring leaseholds primarily through federal oil and gas leases and competitive state bidding programs, especially in Utah and Wyoming, the company positions itself strategically within the energy sector. Post-acquisition, these leaseholds may be developed in partnership with third parties or resold, with the company retaining a royalty interest.

• Geologic Lease Evaluation Services:

  Through its subsidiary, Petroleum Investment Company, Standard Energy Corporation offers comprehensive geologic lease evaluation services. These services include the analysis of geologic data, provision of recommendations, and compilation of reports regarding leaseholds. This suite of services is designed to support clients in making informed decisions in the leasing programs.

• Information and Mapping Services:

  The company elaborates on its value proposition by selling information related to individual oil and gas properties throughout the Rocky Mountain area. Besides information services, Standard Energy Corporation also provides oil and gas mapping services, contributing to a detailed understanding of properties located in this key geographic region. These services are instrumental for stakeholders in navigating the complexities of the energy landscape.

• Biofuel Technologies:

  Engaging in the commercial development of its Biofuel Technologies, Standard Energy demonstrates a forward-thinking approach by addressing the challenge of municipal solid waste disposal. Its technology focuses on recycling the paper waste component of municipal solid waste into useful products such as ethanol transportation fuels and fermentation lignin turbine fuels. This endeavor reflects the company's commitment to innovative and sustainable energy solutions.