Oil & Gas Property in Burke County, ND
Key data points for PTL1
| County | Burke County, ND |
|---|---|
| Operator | FORMENTERA OPERATIONS LLC |
| Production Dates | Mar 2017 - Feb 2025 |
| Total Oil Production | 187,288 BBLs |
| Total Gas Production | 1,355,423 MCF |
| Recent Oil Production | 543 BBLs in Feb 2025 |
| Recent Gas Production | 7,024 MCF in Feb 2025 |
| Wells on Property | 3 |
Our Valuation Estimates for PTL1
ShaleAssessment™
$70,824 *
MarketMultiple™
$115,580 **
* 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 18 properties to the PTL1 property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Abel USA | Burke County, ND | 0 BBLs | 0 MCF | Apr 2012 |
| Bly 3 | Burke County, ND | 0 BBLs | 213 MCF | Feb 2025 |
| Bratland 3-1H | Burke County, ND | 314 BBLs | 8,747 MCF | Feb 2025 |
| Bunting | Burke County, ND | 0 BBLs | 0 MCF | Nov 2020 |
| Carrie Bratsberg | Burke County, ND | 209 BBLs | 251 MCF | Feb 2025 |
| Delores USA | Burke County, ND | 0 BBLs | 0 MCF | Dec 2019 |
| FLX3 | Burke County, ND | 193 BBLs | 5,965 MCF | Feb 2025 |
| Goodman | Burke County, ND | 210 BBLs | 72 MCF | Feb 2025 |
| Gudmunn Sjue | Burke County, ND | 0 BBLs | 0 MCF | Apr 1993 |
| Lignite-Madison Unit | Burke County, ND | 0 BBLs | 0 MCF | Oct 2013 |
| M. Sorum | Burke County, ND | 0 BBLs | 0 MCF | Jan 1970 |
| Marvin Sorum | Burke County, ND | 0 BBLs | 0 MCF | Sep 1988 |
| Nelson Unit 1 | Burke County, ND | 347 BBLs | 2,242 MCF | Feb 2025 |
| Olney 2-25H | Burke County, ND | 254 BBLs | 1,126 MCF | Feb 2025 |
| Probst | Burke County, ND | 0 BBLs | 0 MCF | Jun 2017 |
| PTL4 | Burke County, ND | 696 BBLs | 20,107 MCF | Feb 2025 |
| Rival-Madison Unit | Burke County, ND | 0 BBLs | 0 MCF | May 2018 |
| Rmu 1 | Burke County, ND | 0 BBLs | 0 MCF | Mar 2024 |
These are the closest 12 companies operating near the PTL1 property.