PTL1

Oil & Gas Property in Burke County, ND

  2. North Dakota
  3. Burke County, ND
  4. Oil & Gas Properties in Burke County, ND
  5. PTL1 Oil & Gas Property

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Property Summary

Key data points for PTL1

CountyBurke County, ND
OperatorFORMENTERA OPERATIONS LLC
Production DatesMar 2017 - Aug 2025
Total Oil Production190,892 BBLs
Total Gas Production1,406,611 MCF
Recent Oil Production543 BBLs in Aug 2025
Recent Gas Production8,346 MCF in Aug 2025
Wells on Property3

Our Valuation Estimates for PTL1

ShaleAssessment™

$66,335 *

MarketMultiple™

$113,363 **

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

Based on a decimal interest

PTL1 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for PTL1
from Mar 2017 to Aug 2025

Wells on PTL1

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
33-013-01829PTL1 32-29 164-91 BFORMENTERA OPERATIONS, LLCActiveBurke County, ND48.980208-102.517504
33-013-01830PTL1 05-08 163-91 BFORMENTERA OPERATIONS, LLCActiveBurke County, ND48.980208-102.517421
33-013-90374PTL1 SWD 1FORMENTERA OPERATIONS, LLCActiveBurke County, ND48.980619-102.517547

Nearby Properties

These are the closest 19 properties to the PTL1 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Abel USABurke County, ND0 BBLs0 MCFApr 2012
Bly 3Burke County, ND57 BBLs332 MCFAug 2025
Bratland 3-1HBurke County, ND216 BBLs8,282 MCFAug 2025
BuntingBurke County, ND0 BBLs0 MCFNov 2020
Carpentier 3-34-27HBurke County, ND423 BBLs213 MCFAug 2025
Carrie BratsbergBurke County, ND512 BBLs784 MCFAug 2025
Delores USABurke County, ND0 BBLs0 MCFDec 2019
EricksonBurke County, ND327 BBLs310 MCFAug 2025
FLX3Burke County, ND0 BBLs0 MCFMar 2025
GoodmanBurke County, ND208 BBLs260 MCFAug 2025
Gudmunn SjueBurke County, ND0 BBLs0 MCFApr 1993
Lignite-Madison UnitBurke County, ND0 BBLs0 MCFOct 2013
M. SorumBurke County, ND0 BBLs0 MCFJan 1970
Marvin SorumBurke County, ND0 BBLs0 MCFSep 1988
Nelson Unit 1Burke County, ND323 BBLs3,809 MCFAug 2025
ProbstBurke County, ND0 BBLs0 MCFJun 2017
PTL4Burke County, ND1,619 BBLs32,416 MCFAug 2025
Rival-Madison UnitBurke County, ND0 BBLs0 MCFMay 2018
Rmu 1Burke County, ND0 BBLs0 MCFMar 2024

Companies in the Area

These are the closest 12 companies operating near the PTL1 property.

Company Name
Chandler & Associates, Inc.
Cornerstone Natural Resources LLC
D90 Energy, LLC
Eagle Operating Inc
Earl Schwartz Co.
Elk Oil Company
Formentera Operations LLC
Marshall & Winston, Inc.
McOr Oil & Gas Corp
Phoenix Petroleum, LLC
Taqa USA, Inc.
Windridge Operating LLC

Frac'ing activity on PTL1

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
33-013-01829PTL1 32-29-164-91B
33-013-01830PTL1 05-08 163-91B