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 - Apr 2026 |
| Total Oil Production | 185,927 BBLs |
| Total Gas Production | 1,781,344 MCF |
| Recent Oil Production | 364 BBLs in Apr 2026 |
| Recent Gas Production | 4,786 MCF in Apr 2026 |
| Wells on Property | 2 |
Our Valuation Estimates for Johnston 1
ShaleAssessment™
$29,990 *
MarketMultiple™
$74,364 **
* 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 6 properties to the Johnston 1 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Busch | Burke County, ND | 693 BBLs | 3,594 MCF | Apr 2026 |
| Busch Trust | Burke County, ND | 1,026 BBLs | 5,650 MCF | Apr 2026 |
| Kestrel State 36-25 1H | Burke County, ND | 546 BBLs | 4,339 MCF | Apr 2026 |
| PTL2 | Burke County, ND | 779 BBLs | 8,182 MCF | Apr 2026 |
| Swenson | Burke County, ND | 2 BBLs | 0 MCF | Apr 2026 |
| Undhjem 1 | Burke County, ND | 175 BBLs | 1,271 MCF | Apr 2026 |
These are the closest 5 companies operating near the Johnston 1 property.
| Company Name |
|---|
| Ballantyne Oil |
| Earl Schwartz Co. |
| Formentera Operations LLC |
| Petro Harvester Operating Company, LLC |
| Windridge Operating LLC |