STANDARD ENERGY CORP
10QSB/A, 1997-03-25
OIL ROYALTY TRADERS
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                  FORM 10-QSBA

                  QUARTERLY REPORT UNDER SECTION 13 or 15(d) of
                       the Securities Exchange Act of 1934

For the Quarter Ended December 31, 1996  Commission file number 0-9336


                            STANDARD ENERGY CORPORATION              
             (Exact name of registrant as specified in its charter)

                   Utah                           87-0338149   
  (State or other jurisdiction of    (I.R.S.Employer Identification No.)
  incorporation or organization)

                    363 Bearcat Drive
                    Salt Lake City, Utah                      84115   
         (Address of principal executive offices)           (Zip Code)

        Registrant's telephone number, including area code (801) 364-9000

                                 Not Applicable              
                     Former name, former address and former
                    fiscal year, if changes since last report

  Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1933, as amended (the "Act"), during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.
Yes  X  No    

  Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date.The registrant has
two classes of stock authorized.They are the $0.01 per share par value common
stock and the $0.01 per share par value preferred stock.At February 10, 1997
there were 103,382,974 shares of the $0.01 per share par value common stock
outstanding.At February 10, 1997, there were no preferred shares issued.
SIGNATURE

  Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                           STANDARD ENERGY CORPORATION
                                  (Registrant)






                           By:                               
                                  Dean W.Rowell, President and               
                               Chief Financial Officer

Date:March 21, 1997.


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 5
<CIK>0000205921
[CCC]i#tk7num
<NAME> STANDARD ENERGY CORPORATION
<CURRENCY>U.S. DOLLARS
<MULTIPLIER>1
       
<S><C>
<PERIOD TYPE>9-MOS
<FISCAL-YEAR-END>MAR-31-1996
<PERIOD-END>DEC-31-1996
<CASH>                                    5,953
<SECURITIES>                                  0
<RECEIVABLES>                           3,406
<ALLOWANCES>                                0
<INVENTORY>                                 0
<CURRENT ASSETS>                        9,359
<PP&E>                                399,752
<DEPRECIATION>                        372,252
<TOTAL-ASSETS>                        186,973
<CURRENT LIABILITIES>                 151,392
<BONDS>                                     0
                       0
                                 0
<COMMON>                            1,033,829
<OTHER-SE>                          7,154,253
<TOTAL-LIABILITY-AND-EQUITY>          186,973
<SALES>                                10,051
<TOTAL-REVENUES>                       26,957
<CGS>                                       0
<TOTAL-COSTS>                               0
<OTHER EXPENSES>                      142,874
<LOSS-PROVISION>                            0
<INTEREST-EXPENSE>                      1,222
<INCOME-PRETAX>                      (115,917)
<INCOME-TAX>                                0
<INCOME-CONTINUING>                  (115,917)
<DISCONTINUED>                              0
<EXTRAORDINARY>                             0
<CHANGES>                                   0
<NET-INCOME>                         (115,917)
<EPS-PRIMARY>                            (.00)
<EPS-DILUTED>                            (.00)
        

</TABLE>


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