Johnston 1

Oil & Gas Property in Burke County, ND

  2. North Dakota
  3. Burke County, ND
  4. Oil & Gas Properties in Burke County, ND
  5. Johnston 1 Oil & Gas Property

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Property Summary

Key data points for Johnston 1

CountyBurke County, ND
OperatorFORMENTERA OPERATIONS LLC
Production DatesJul 2010 - Feb 2025
Total Oil Production179,747 BBLs
Total Gas Production1,715,899 MCF
Recent Oil Production494 BBLs in Feb 2025
Recent Gas Production2,549 MCF in Feb 2025
Wells on Property2

Our Valuation Estimates for Johnston 1

ShaleAssessment™

$35,618 *

MarketMultiple™

$46,712 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Johnston 1 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Johnston 1
from Jul 2010 to Feb 2025

Wells on Johnston 1

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
33-013-01499JOHNSTON 1-22FORMENTERA OPERATIONS, LLCActiveBurke County, ND48.935916-102.723284
33-013-01632JOHNSTON 14-1FORMENTERA OPERATIONS, LLCActiveBurke County, ND48.938537-102.719908

Nearby Properties

These are the closest 6 properties to the Johnston 1 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BuschBurke County, ND414 BBLs2,016 MCFFeb 2025
Kestrel State 36-25 1HBurke County, ND942 BBLs5,851 MCFFeb 2025
PTL2Burke County, ND1,240 BBLs21,442 MCFFeb 2025
Sandpiper State 35-26Burke County, ND280 BBLs1,464 MCFFeb 2025
SwensonBurke County, ND0 BBLs0 MCFOct 2024
Undhjem 1Burke County, ND199 BBLs770 MCFFeb 2025

Companies in the Area

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