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 - Jan 2025
Total Oil Production179,253 BBLs
Total Gas Production1,713,350 MCF
Recent Oil Production559 BBLs in Jan 2025
Recent Gas Production3,755 MCF in Jan 2025
Wells on Property2

Our Valuation Estimates for Johnston 1

ShaleAssessment™

$36,016 *

MarketMultiple™

$47,052 **

* 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 Jan 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 7 properties to the Johnston 1 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BuschBurke County, ND458 BBLs2,227 MCFJan 2025
Busch TrustBurke County, ND437 BBLs1,366 MCFJan 2025
Kestrel State 36-25 1HBurke County, ND1,117 BBLs6,508 MCFJan 2025
PTL2Burke County, ND1,384 BBLs21,664 MCFJan 2025
Sandpiper State 35-26Burke County, ND267 BBLs1,761 MCFJan 2025
SwensonBurke County, ND0 BBLs0 MCFOct 2024
Undhjem 1Burke County, ND208 BBLs866 MCFJan 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