Standard Energy Corp. (STDE)
Standard Energy Corp. operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Salt Lake City, UT, US. The stock last traded at $0.00, up 0.00% on the session, giving a market capitalisation of $18,831. On trailing twelve-month figures it carries a trailing P/E of -0.20, a net margin of -139.9%. Its beta of 4.84 implies it has historically moved more than the broad market.
Standard Energy Corporation primarily focuses on acquiring undeveloped oil and natural gas leaseholds, intending either to resell these properties or to partner with third parties for their development. The company mainly secures federal lease rights, though it also obtains leases through competitive bidding programs conducted by various state agencies, particularly in Utah and Wyoming. When divesting these leaseholds, Standard Energy Corporation typically retains a royalty interest ranging from 1% to 6%. Through its wholly owned subsidiary, Petroleum Investment Company, the firm also provides specialized geologic lease evaluation services, offering detailed data, expert recommendations, and comprehensive reports concerning leaseholds involved in leasing programs. Additionally, Standard Energy Corporation sells information on individual oil and gas properties across the Rocky Mountain region and offers mapping services for assets located in this area. In a separate endeavor, the company is commercially developing its "Biofuel Technologies," designed to tackle the issue of municipal solid waste disposal by converting the paper fraction of urban refuse into useful products like ethanol transportation fuels and fermentation lignin for turbine fuels. The company was founded in 1978 and is headquartered in Salt Lake City, Utah.
Standard Energy Corp. is most often compared with the following Energy names: