Johnston 1

Oil & Gas Property in Burke County, ND

  2. North Dakota
  3. Burke County, ND
  4. Oil & Gas Properties in Burke County, ND
  5. Johnston 1 Oil & Gas Property

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Property Summary

Key data points for Johnston 1

CountyBurke County, ND
OperatorFORMENTERA OPERATIONS LLC
Production DatesJul 2010 - May 2025
Total Oil Production181,245 BBLs
Total Gas Production1,728,605 MCF
Recent Oil Production470 BBLs in May 2025
Recent Gas Production5,501 MCF in May 2025
Wells on Property2

Our Valuation Estimates for Johnston 1

ShaleAssessment™

$34,396 *

MarketMultiple™

$55,314 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Johnston 1 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Johnston 1
from Jul 2010 to May 2025

Wells on Johnston 1

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
33-013-01499JOHNSTON 1-22FORMENTERA OPERATIONS, LLCActiveBurke County, ND48.935916-102.723284
33-013-01632JOHNSTON 14-1FORMENTERA OPERATIONS, LLCActiveBurke County, ND48.938537-102.719908

Nearby Properties

These are the closest 6 properties to the Johnston 1 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BuschBurke County, ND507 BBLs2,771 MCFMay 2025
Busch TrustBurke County, ND539 BBLs2,781 MCFMay 2025
Kestrel State 36-25 1HBurke County, ND841 BBLs5,671 MCFMay 2025
PTL2Burke County, ND1,314 BBLs19,414 MCFMay 2025
SwensonBurke County, ND8 BBLs0 MCFMay 2025
Undhjem 1Burke County, ND187 BBLs920 MCFMay 2025

Companies in the Area

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