So, I got extremely tired of battery drain and I decided to start from scratch on my phone.
From inside of the phone, I went to Settings > Reset All Settings and Data and waited for my phone to be completely clean. I then plugged it into iTunes and configured it as a new phone.
After removing all the things I didn't need, (like advanced Location Services, bluetooth, etc.), I checked how well my phone was performing in terms of battery. Without any apps installed, just text messages and iCloud, the battery life fared well. I was no longer getting standby drain.
I then started to customize my phone and install a few apps. I was very selective as to what apps would go on my Notification Center and Location Services. I stayed away from Exchange (Google Sync) merely to establish a control for my experiment.
After installing Facebook and not allowing it to use Location Services... my battery drain issue came back. When Facebook was in my Notification Center, I started receiving the same battery drain I was getting before. Even when I took Facebook off of Notification Center, the drain would still occur. I'm really disappointed with the Facebook devs, I have strong reason to believe Facebook is having some sort of issue that is draining the battery.
Since then, I've uninstalled Facebook and I've been using Twitter and installing apps normally. The battery seems to be fine. I haven't bothered adding Google Sync to my phone as I keep hearing that its a huge battery drain. Regardless, this shouldn't be happening. Apple needs to address this immediately and pull apps that are faulty from the App Store. The Facebook app is absolutely atrocious... It's a pain to use and now has a battery drain problem.
I will be leaving more information as I keep toying with my phone. However, I advise everyone to start from scratch and see what works best for you. Not everyone has the same needs and the battery drain issue DID disappear after I deleted everything on my phone.
Cheers.