Oil & Gas Property in Burke County, ND
Key data points for STR1
| County | Burke County, ND |
|---|---|
| Operator | FORMENTERA OPERATIONS LLC |
| Production Dates | Jun 2017 - May 2025 |
| Total Oil Production | 75,990 BBLs |
| Total Gas Production | 194,554 MCF |
| Recent Oil Production | 689 BBLs in May 2025 |
| Recent Gas Production | 1,497 MCF in May 2025 |
| Wells on Property | 3 |
Our Valuation Estimates for STR1
ShaleAssessment™
$25,588 *
MarketMultiple™
$66,958 **
* 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 16 properties to the STR1 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Aage Christiansen | Burke County, ND | 22 BBLs | 13 MCF | May 2025 |
| Crystal 44-18H | Burke County, ND | 199 BBLs | 2,388 MCF | May 2025 |
| East Flaxton-Madison Unit | Burke County, ND | 0 BBLs | 0 MCF | Apr 2025 |
| FLX4 | Burke County, ND | 986 BBLs | 3,299 MCF | May 2025 |
| Fortification | Burke County, ND | 129 BBLs | 99 MCF | May 2025 |
| Freed | Burke County, ND | 0 BBLs | 0 MCF | Apr 2025 |
| Huff | Burke County, ND | 0 BBLs | 0 MCF | Aug 2017 |
| Iverson 44-5H | Burke County, ND | 591 BBLs | 2,153 MCF | May 2025 |
| Jensen | Burke County, ND | 162 BBLs | 0 MCF | May 2025 |
| Leon Unit 1 | Burke County, ND | 474 BBLs | 3,454 MCF | May 2025 |
| Olney 2-25H | Burke County, ND | 265 BBLs | 1,283 MCF | May 2025 |
| Ormiston | Burke County, ND | 371 BBLs | 1,903 MCF | May 2025 |
| Paradox | Burke County, ND | 304 BBLs | 2,682 MCF | May 2025 |
| Poudre 44-18H | Burke County, ND | 361 BBLs | 2,098 MCF | May 2025 |
| Tafelmeyer | Burke County, ND | 369 BBLs | 688 MCF | May 2025 |
| Wob1 | Burke County, ND | 633 BBLs | 5,927 MCF | May 2025 |
These are the closest 10 companies operating near the STR1 property.