PLATINUM 218-34
PLATINUM 218-34 is a Texas gas lease in Ward County, Railroad Commission district 08, operated by Advance Energy Partners, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 3,454,781 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $5.1M, with roughly $1.1M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 12,597 thousand cubic feet a month. Its strongest month on the record we hold was June 2019, at 216,245 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about PLATINUM 218-34
- Who operates PLATINUM 218-34?
- PLATINUM 218-34 is operated by Advance Energy Partners, LLC, Railroad Commission of Texas operator number 008481.
- Where is PLATINUM 218-34?
- PLATINUM 218-34 is a Texas gas lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 287280.
- Is PLATINUM 218-34 still producing?
- PLATINUM 218-34 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PLATINUM 218-34 is August 2026.
- How much has PLATINUM 218-34 produced?
- PLATINUM 218-34 has reported 3,454,781 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2018 and August 2026, from 1 wellbore.
- How much is PLATINUM 218-34 worth?
- The remaining production from PLATINUM 218-34 is estimated to be worth about $5.1M in total as of 27 August 2026, within a range of $4.1M to $6.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PLATINUM 218-34 is a fraction of it. The estimate fits an Arps decline curve to the production PLATINUM 218-34 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PLATINUM 218-34 is an estimate of value, not an offer and not an appraisal.
- How much income does PLATINUM 218-34 generate in a year?
- PLATINUM 218-34 is forecast to net about $1.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PLATINUM 218-34 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Advance Energy Partners, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 287280 |
| Wellbores | 1 |
| Reported production | 3,454,781 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.1M |
Where PLATINUM 218-34 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.