Oil & Gas Property in Burke County, ND
Key data points for Johnston 1
| County | Burke County, ND |
|---|---|
| Operator | FORMENTERA OPERATIONS LLC |
| Production Dates | Jul 2010 - Feb 2024 |
| Total Oil Production | 175,251 BBLs |
| Total Gas Production | 1,679,589 MCF |
| Recent Oil Production | 554 BBLs in Feb 2024 |
| Recent Gas Production | 2,046 MCF in Feb 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Johnston 1
ShaleAssessment™
$41,345 *
MarketMultiple™
$77,102 **
* 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 8 properties to the Johnston 1 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Busch | Burke County, ND | 990 BBLs | 4,436 MCF | Feb 2024 |
| Busch Trust | Burke County, ND | 538 BBLs | 2,286 MCF | Feb 2024 |
| Jacob Dewing 1 | Burke County, ND | 354 BBLs | 0 MCF | Feb 2024 |
| Kestrel State 36-25 1H | Burke County, ND | 460 BBLs | 2,926 MCF | Feb 2024 |
| PTL2 | Burke County, ND | 2,035 BBLs | 25,738 MCF | Feb 2024 |
| Sandpiper State 35-26 | Burke County, ND | 315 BBLs | 1,962 MCF | Feb 2024 |
| Swenson | Burke County, ND | 0 BBLs | 0 MCF | Nov 2023 |
| Undhjem 1 | Burke County, ND | 263 BBLs | 1,345 MCF | Feb 2024 |
These are the closest 6 companies operating near the Johnston 1 property.
| Company Name |
|---|
| Ballantyne Oil |
| Dakota Crude, Inc. |
| Earl Schwartz Co. |
| Formentera Operations LLC |
| Petro Harvester Operating Company, LLC |
| Windridge Operating LLC |