Summary
Standard Energy Corporation engages in the acquisition of unproven oil and gas leaseholds with the intent of reselling or drilling; and developing such leaseholds with third-parties. It acquires primarily federal oil and gas leaseholds. The company also obtains leases through purchases in competitive bidding programs offered by various state agencies, principally the states of Utah and Wyoming. Standard Energy Corporation retains a royalty interest, ranging from 1% to 6% in various leaseholds that it resells. The company, through its wholly owned subsidiary, Petroleum Investment Company, also offers various geologic lease evaluation services; and provides information relating to geologic data, recommendations, and reports with respect to leaseholds offered in the leasing programs. Standard Energy Corporation also sells information with respect to individual oil and gas properties throughout the Rocky Mountain area, as well as offers oil and gas mapping services about properties located in the Rocky Mountain region. Further, it engages in the commercial development of its ?Biofuel Technologies', which are designed to solve the problem of disposing of municipal solid waste, through the recycle of the ?paper waste' in municipal waste into useful products, such as ethanol transportation fuels and fermentation lignin turbine fuels. The company was founded in 1978 and is headquartered in Salt Lake City, Utah.
History
Standard Energy Corp. was founded in 1912 by industrialist Henry St. Clair, who established the company's first oil well in the San Joaquin Valley of California. Since then, Standard Energy Corp has grown to become one of the leading independent oil producers in the United States. Standard Energy Corp has made numerous acquisitions over the years and operates more than 200 oil and gas operations throughout the nation.
Mission
Standard Energy Corp is dedicated to providing innovative and reliable services to the oil and gas industry. We strive to exceed expectations with safe, efficient and responsible operations, while delivering exceptional value, growth, and returns to our shareholders.
Vision
Standard Energy Corp is committed to creating a safe and sustainable model of energy production for the environment, our nation, and our future generations.
Key Team
Mr. Dean W. Rowell (Chairman, CEO, Pres, CFO and Principal Accounting Officer)
Ms. Pamela K. Nelson (VP, Corp. Sec., Treasurer and Director)
Recognition and Awards
Standard Energy Corp has been the recipient of multiple awards throughout the years, including the Matt Andreen Excellence Award for Environmental Stewardship, the Clean Air Excellence Award, the Most Innovative Oil and Gas Companies Award, and the Global Oil and Gas Industry Leadership Award.
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