Oil & Gas Property in Cheboygan County, MI
Key data points for State Forest
| County | Cheboygan County, MI |
|---|---|
| Production Dates | Feb 1982 - Dec 2023 |
| Total Oil Production | 2,653,163 BBLs |
| Total Gas Production | 2,619,400 MCF |
| Recent Oil Production | 1,829 BBLs in Dec 2023 |
| Recent Gas Production | 201 MCF in Dec 2023 |
| Wells on Property | 82 |
Our Valuation Estimates for State Forest
ShaleAssessment™
$98,539 *
MarketMultiple™
$402,331 **
* 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 State Forest property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Canada Creek | Montmorency County, MI | 0 BBLs | 2,647 MCF | Feb 2024 |
| Rupp State Forest 1-21 | Cheboygan County, MI | 426 BBLs | 75 MCF | Dec 2023 |
| State | Presque Isle County, MI | 1,221 BBLs | 290 MCF | Feb 2024 |
These are the closest 19 companies operating near the State Forest property.