Oil & Gas Property in Cheboygan County, MI
Key data points for State Forest
| County | Cheboygan County, MI |
|---|---|
| Production Dates | Feb 1982 - Nov 2024 |
| Total Oil Production | 2,671,370 BBLs |
| Total Gas Production | 2,624,720 MCF |
| Recent Oil Production | 1,759 BBLs in Sep 2024 |
| Recent Gas Production | 1,122 MCF in Sep 2024 |
| Wells on Property | 82 |
Our Valuation Estimates for State Forest
ShaleAssessment™
$86,192 *
MarketMultiple™
$346,019 **
* 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 State Forest property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Canada Creek | Montmorency County, MI | 0 BBLs | 2,209 MCF | Nov 2024 |
| Ledges Farms | Presque Isle County, MI | 0 BBLs | 0 MCF | Jul 2024 |
| Rupp State Forest 1-21 | Cheboygan County, MI | 558 BBLs | 268 MCF | Nov 2024 |
| State | Presque Isle County, MI | 1,155 BBLs | 281 MCF | Nov 2024 |
These are the closest 20 companies operating near the State Forest property.