Oil & Gas Property in Burke County, ND
Key data points for STR1
| County | Burke County, ND |
|---|---|
| Operator | FORMENTERA OPERATIONS LLC |
| Production Dates | Jun 2017 - Dec 2025 |
| Total Oil Production | 79,382 BBLs |
| Total Gas Production | 203,288 MCF |
| Recent Oil Production | 526 BBLs in Dec 2025 |
| Recent Gas Production | 1,360 MCF in Dec 2025 |
| Wells on Property | 3 |
Our Valuation Estimates for STR1
ShaleAssessment™
$23,452 *
MarketMultiple™
$57,521 **
* 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 13 properties to the STR1 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Aage Christiansen | Burke County, ND | 51 BBLs | 4 MCF | Dec 2025 |
| East Flaxton-Madison Unit | Burke County, ND | 518 BBLs | 0 MCF | Dec 2025 |
| FLX4 | Burke County, ND | 1,303 BBLs | 3,595 MCF | Dec 2025 |
| Fortification | Burke County, ND | 248 BBLs | 123 MCF | Dec 2025 |
| Freed | Burke County, ND | 87 BBLs | 0 MCF | Dec 2025 |
| Funk | Burke County, ND | 266 BBLs | 290 MCF | Jan 2026 |
| Huff | Burke County, ND | 0 BBLs | 0 MCF | Aug 2017 |
| Iverson 44-5H | Burke County, ND | 380 BBLs | 0 MCF | Dec 2025 |
| Jensen | Burke County, ND | 173 BBLs | 93 MCF | Dec 2025 |
| Leon Unit 1 | Burke County, ND | 483 BBLs | 0 MCF | Dec 2025 |
| Ormiston | Burke County, ND | 713 BBLs | 2,620 MCF | Jan 2026 |
| Tafelmeyer | Burke County, ND | 15 BBLs | 86 MCF | Jan 2026 |
| Wob1 | Burke County, ND | 477 BBLs | 5,520 MCF | Dec 2025 |
These are the closest 12 companies operating near the STR1 property.