Oil & Gas Property in Burke County, ND
Key data points for PTL2
| County | Burke County, ND |
|---|---|
| Operator | FORMENTERA OPERATIONS LLC |
| Production Dates | Mar 2019 - Aug 2025 |
| Total Oil Production | 430,592 BBLs |
| Total Gas Production | 3,349,355 MCF |
| Recent Oil Production | 1,281 BBLs in Aug 2025 |
| Recent Gas Production | 17,928 MCF in Aug 2025 |
| Wells on Property | 5 |
Our Valuation Estimates for PTL2
ShaleAssessment™
Not Available
MarketMultiple™
$254,981 **
* 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 14 properties to the PTL2 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Bly 3 | Burke County, ND | 57 BBLs | 332 MCF | Aug 2025 |
| Bratland 3-1H | Burke County, ND | 216 BBLs | 8,282 MCF | Aug 2025 |
| Bunting | Burke County, ND | 0 BBLs | 0 MCF | Nov 2020 |
| Busch | Burke County, ND | 1,066 BBLs | 6,514 MCF | Aug 2025 |
| Busch Trust | Burke County, ND | 512 BBLs | 2,435 MCF | Aug 2025 |
| Carrie Bratsberg | Burke County, ND | 512 BBLs | 784 MCF | Aug 2025 |
| Johnston 1 | Burke County, ND | 477 BBLs | 3,811 MCF | Aug 2025 |
| Kestrel State 36-25 1H | Burke County, ND | 701 BBLs | 5,723 MCF | Aug 2025 |
| Probst | Burke County, ND | 0 BBLs | 0 MCF | Jun 2017 |
| PTL4 | Burke County, ND | 1,619 BBLs | 32,416 MCF | Aug 2025 |
| Rival-Madison Unit | Burke County, ND | 0 BBLs | 0 MCF | May 2018 |
| Rmu 1 | Burke County, ND | 0 BBLs | 0 MCF | Mar 2024 |
| Swenson | Burke County, ND | 72 BBLs | 0 MCF | Aug 2025 |
| Undhjem 1 | Burke County, ND | 164 BBLs | 1,385 MCF | Aug 2025 |
These are the closest 10 companies operating near the PTL2 property.