Oil & Gas Property in Cheboygan County, MI
Key data points for Rupp State Forest 1-21
| County | Cheboygan County, MI |
|---|---|
| Production Dates | Dec 1987 - Jan 2025 |
| Total Oil Production | 741,427 BBLs |
| Total Gas Production | 343,194 MCF |
| Recent Oil Production | 470 BBLs in Dec 2024 |
| Recent Gas Production | 74 MCF in Dec 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Rupp State Forest 1-21
ShaleAssessment™
$34,648 *
MarketMultiple™
$86,100 **
* 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 4 properties to the Rupp State Forest 1-21 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Canada Creek | Montmorency County, MI | 0 BBLs | 1,935 MCF | Jan 2025 |
| Ledges Farms | Presque Isle County, MI | 0 BBLs | 0 MCF | Jul 2024 |
| State Corwith | Otsego County, MI | 48 BBLs | 295 MCF | Jan 2025 |
| State Forest | Cheboygan County, MI | 1,724 BBLs | 311 MCF | Jan 2025 |
These are the closest 13 companies operating near the Rupp State Forest 1-21 property.