Oil & Gas Property in Cheboygan County, MI
Key data points for Rupp State Forest 1-21
| County | Cheboygan County, MI |
|---|---|
| Production Dates | Dec 1987 - Dec 2023 |
| Total Oil Production | 734,878 BBLs |
| Total Gas Production | 341,800 MCF |
| Recent Oil Production | 426 BBLs in Dec 2023 |
| Recent Gas Production | 75 MCF in Dec 2023 |
| Wells on Property | 2 |
Our Valuation Estimates for Rupp State Forest 1-21
ShaleAssessment™
$41,346 *
MarketMultiple™
$109,429 **
* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue
Based on a decimal interest
These are the closest 3 properties to the Rupp State Forest 1-21 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Canada Creek | Montmorency County, MI | 0 BBLs | 2,647 MCF | Feb 2024 |
| State Corwith | Otsego County, MI | 116 BBLs | 159 MCF | Dec 2023 |
| State Forest | Cheboygan County, MI | 1,829 BBLs | 201 MCF | Dec 2023 |
These are the closest 12 companies operating near the Rupp State Forest 1-21 property.