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 - Nov 2024 |
| Total Oil Production | 178,158 BBLs |
| Total Gas Production | 1,707,799 MCF |
| Recent Oil Production | 420 BBLs in Nov 2024 |
| Recent Gas Production | 2,219 MCF in Nov 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Johnston 1
ShaleAssessment™
$36,933 *
MarketMultiple™
$51,265 **
* 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 | 949 BBLs | 4,722 MCF | Nov 2024 |
| Busch Trust | Burke County, ND | 595 BBLs | 2,834 MCF | Nov 2024 |
| Kestrel State 36-25 1H | Burke County, ND | 1,245 BBLs | 6,103 MCF | Nov 2024 |
| PTL2 | Burke County, ND | 1,450 BBLs | 21,647 MCF | Nov 2024 |
| Sandpiper State 35-26 | Burke County, ND | 254 BBLs | 1,706 MCF | Nov 2024 |
| Swenson | Burke County, ND | 0 BBLs | 0 MCF | Oct 2024 |
| Undhjem 1 | Burke County, ND | 217 BBLs | 1,066 MCF | Nov 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 |