Oil & Gas Property in Burke County, ND
Key data points for Johnston 1
| County | Burke County, ND |
|---|---|
| Operator | FORMENTERA OPERATIONS LLC |
| Production Dates | Jul 2010 - Dec 2024 |
| Total Oil Production | 178,694 BBLs |
| Total Gas Production | 1,709,595 MCF |
| Recent Oil Production | 536 BBLs in Dec 2024 |
| Recent Gas Production | 1,796 MCF in Dec 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Johnston 1
ShaleAssessment™
$36,410 *
MarketMultiple™
$49,016 **
* 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 7 properties to the Johnston 1 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Busch | Burke County, ND | 976 BBLs | 5,270 MCF | Dec 2024 |
| Busch Trust | Burke County, ND | 574 BBLs | 3,029 MCF | Dec 2024 |
| Kestrel State 36-25 1H | Burke County, ND | 1,183 BBLs | 6,915 MCF | Dec 2024 |
| PTL2 | Burke County, ND | 1,440 BBLs | 25,211 MCF | Dec 2024 |
| Sandpiper State 35-26 | Burke County, ND | 248 BBLs | 1,719 MCF | Dec 2024 |
| Swenson | Burke County, ND | 0 BBLs | 0 MCF | Oct 2024 |
| Undhjem 1 | Burke County, ND | 222 BBLs | 1,452 MCF | Dec 2024 |
These are the closest 5 companies operating near the Johnston 1 property.
| Company Name |
|---|
| Ballantyne Oil |
| Earl Schwartz Co. |
| Formentera Operations LLC |
| Petro Harvester Operating Company, LLC |
| Windridge Operating LLC |