Standard Energy Corp. engages in the acquisition and development of oil and gas properties. The company is headquartered in Salt Lake City, Utah and currently employs 2 full-time employees. The firm also obtains leases through purchases in bidding programs offered by various state agencies, principally the states of Utah and Wyoming. At March 31, 2009, the Company’s oil and gas leasehold inventory was at approximately 15,000 net acres. The firm is engaged in two businesses: oil and gas lease activities, including producing and non-producing lease and royalty holdings, and the commercial development of its biofuel technologies.