Oil & Gas Property in Burke County, ND
Key data points for PTL1
| County | Burke County, ND |
|---|---|
| Operator | FORMENTERA OPERATIONS LLC |
| Production Dates | Mar 2017 - May 2026 |
| Total Oil Production | 195,601 BBLs |
| Total Gas Production | 1,474,579 MCF |
| Recent Oil Production | 754 BBLs in May 2026 |
| Recent Gas Production | 11,088 MCF in May 2026 |
| Wells on Property | 3 |
Our Valuation Estimates for PTL1
ShaleAssessment™
$59,437 *
MarketMultiple™
$85,944 **
* 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 18 properties to the PTL1 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Abel USA | Burke County, ND | 0 BBLs | 0 MCF | Apr 2012 |
| Bly 3 | Burke County, ND | 0 BBLs | 0 MCF | Nov 2025 |
| Bratland 3-1H | Burke County, ND | 196 BBLs | 8,461 MCF | May 2026 |
| Bunting | Burke County, ND | 0 BBLs | 0 MCF | Nov 2020 |
| Carpentier 3-34-27H | Burke County, ND | 353 BBLs | 190 MCF | May 2026 |
| Carrie Bratsberg | Burke County, ND | 451 BBLs | 718 MCF | May 2026 |
| Delores USA | Burke County, ND | 0 BBLs | 0 MCF | Dec 2019 |
| FLX1 22-15 163-91 | Burke County, ND | 781 BBLs | 15,678 MCF | May 2026 |
| FLX3 | Burke County, ND | 1,149 BBLs | 29,482 MCF | May 2026 |
| Goodman | Burke County, ND | 253 BBLs | 248 MCF | May 2026 |
| Gudmunn Sjue | Burke County, ND | 0 BBLs | 0 MCF | Apr 1993 |
| Lignite-Madison Unit | Burke County, ND | 0 BBLs | 0 MCF | Oct 2013 |
| M. Sorum | Burke County, ND | 0 BBLs | 0 MCF | Jan 1970 |
| Marvin Sorum | Burke County, ND | 0 BBLs | 0 MCF | Sep 1988 |
| Probst | Burke County, ND | 0 BBLs | 0 MCF | Jun 2017 |
| PTL4 | Burke County, ND | 254 BBLs | 7,602 MCF | May 2026 |
| Rival-Madison Unit | Burke County, ND | 0 BBLs | 0 MCF | May 2018 |
| Rmu 1 | Burke County, ND | 0 BBLs | 0 MCF | Mar 2024 |
These are the closest 11 companies operating near the PTL1 property.