Oil & Gas Property in Burke County, ND
Key data points for PTL2
| County | Burke County, ND |
|---|---|
| Operator | FORMENTERA OPERATIONS LLC |
| Production Dates | Mar 2019 - Dec 2025 |
| Total Oil Production | 435,341 BBLs |
| Total Gas Production | 3,422,380 MCF |
| Recent Oil Production | 1,144 BBLs in Dec 2025 |
| Recent Gas Production | 18,769 MCF in Dec 2025 |
| Wells on Property | 5 |
Our Valuation Estimates for PTL2
ShaleAssessment™
Not Available
MarketMultiple™
$218,929 **
* 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 17 properties to the PTL2 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Bly 3 | Burke County, ND | 0 BBLs | 0 MCF | Nov 2025 |
| Bratland 3-1H | Burke County, ND | 224 BBLs | 7,480 MCF | Dec 2025 |
| Bunting | Burke County, ND | 0 BBLs | 0 MCF | Nov 2020 |
| Busch | Burke County, ND | 775 BBLs | 3,990 MCF | Dec 2025 |
| Busch Trust | Burke County, ND | 432 BBLs | 1,838 MCF | Dec 2025 |
| Carrie Bratsberg | Burke County, ND | 513 BBLs | 675 MCF | Dec 2025 |
| Johnston 1 | Burke County, ND | 486 BBLs | 5,863 MCF | Dec 2025 |
| Kestrel State 36-25 1H | Burke County, ND | 619 BBLs | 4,661 MCF | Dec 2025 |
| M. R. Skalicky 1 | Burke County, ND | 174 BBLs | 1,227 MCF | Dec 2025 |
| Probst | Burke County, ND | 0 BBLs | 0 MCF | Jun 2017 |
| PTL4 | Burke County, ND | 1,214 BBLs | 21,901 MCF | Dec 2025 |
| Rival-Madison Unit | Burke County, ND | 0 BBLs | 0 MCF | May 2018 |
| Rmu 1 | Burke County, ND | 0 BBLs | 0 MCF | Mar 2024 |
| Ruppert 1 | Burke County, ND | 144 BBLs | 1,550 MCF | Dec 2025 |
| Sandpiper State 35-26 | Burke County, ND | 186 BBLs | 1,255 MCF | Dec 2025 |
| Swenson | Burke County, ND | 0 BBLs | 0 MCF | Nov 2025 |
| Undhjem 1 | Burke County, ND | 200 BBLs | 1,190 MCF | Dec 2025 |
These are the closest 10 companies operating near the PTL2 property.