Now that it seems highly likely that Bull Run Resources is fronting for EOG Resources, the next question to be asked is: What formation are they targeting?
Bull Run has recorded lease memos covering about 41,500 gross acres:
Madison: 27,800
Leon: 12,300
Robertson: 1,400
Bull Run has drilled one well (Augustus Unit 1H in Madison County) and is currently drilling another (Hadrian Unit 1H in Robertson County). As I posted in another message thread, Bull Run’s two wells bracket a relatively large lease area established by Hawkwood Energy. Hawkwood is primarily focused on Eagle Ford wells.
Bull Run recently posted a directional survey for the Augustus Unit 1H well:
I ran the data by a knowledgeable person, and he was able to evaluate the information by comparing to the log data from a nearby vertical well.
The target zone appears to be at least 300 feet shallower than the top of the Buda Formation. This would also be shallower than Eagle Ford and Austin Chalk. Mud logs from the nearby vertical well had oil and gas shows in the apparent target zone.
It appears this zone has not been explored previously, but available data must show enough potential for EOG to be interested in it.
It seems likely that the future of this play depends on the results of the two Bull Run wells that bracket the Hawkwood lease position. It also seems likely that EOG has discussed a possible deal with Hawkwood to acquire the shallow rights within their lease area (shallower than Hawkwood’s Eagle Ford target).
If the well results are satisfactory, then we should see an acquisition document filed in the county deed records. If the results are unfavorable, then we are likely to hear nothing more.
Field code mismatch The well is permitted under field AGUILA VADO (EAGLE FORD) — but the surveyed landing zone is ~300 ft shallower than Buda, well above the Eagle Ford. Two read-outs: (a) the operator filed under an existing field code with an Eagle Ford tag (RRC sometimes carries legacy formation tags into newly-extended fields), or (b) this is an Allocation-Unit play where the permit anchors to the deeper “official” pay but the actual lateral targets a different zone for the test. Worth pulling the W-1 permit to confirm.
I thought it was a deep gas 18.5-22.0k like Sabine, Mitsui, Expand, but it is not, thanks for asking this!
My other theory its a Landman front out of Wise County: PO Box 1897 Newark TX 76071.
Newark sits ~5 mi from Rhome and ~12 mi from Decatur… a tight Wise-County cluster known for housing several long-running statewide landman firms… Peveto and Associates maybe?
They did an excellent job keeping the lid on this tight…
Bull Run Resources LLC is a brand-new mineral lessor that does not appear anywhere in the Landman.AI index before March 2026, when 2,277 of its lease memoranda landed in the Madison and Leon County clerk records over a single 12-day stretch. The leases themselves were signed throughout 2025 (oldest instrument date: 2025-03-31), with a median 142-day lag between signing and recording — i.e., Bull Run quietly assembled the position for a year, then dumped the recording stack in late Q1 2026. Filings are still trickling through April 2026.
All 2,914 records are intake. Bull Run is the grantee/lessee on every single one — never the grantor, never the assignor. There are zero direct transfers between Bull Run and EOG (or anyone else) in our data. This is a pure aggregation play that has not yet flipped.
I traced it back to an Edward Jones financial advisor who, according to FINRA/SEC disclosures, has handled lease bonus money for Faulconer and Wildfire in the past. So what’s the connection to this EOG project? Wildfire is the current operator on a bunch of the wells drilled in the area by Hawkwood. I assume someone at Hawkwood recommended this guy to EOG.
By the way, the directional survey info indicates that EOG drilled the well to a measured depth of 18,800 feet in six days!
I just noticed that a directional survey has been posted for the Bull Run well in Robertson County. I will start a post in the Robertson County section.
Any updates on Bull Run? They have approached us on an OGL in western Robertson County. They’re offering 5/3, which is way too long. Are they chasing EF/AC or possibly something else? I’m curious to see if they are in fact a cover for EOG. I’ll return the call to the Bull Run landman, but I’m hoping to have additional ammo in my gun for the conversation.
Bull Run (EOG) requested flaring exceptions for both of their wells. Here is some info from their request documents.
Augustus 1H - Madison County
A tiny amount of gas was reported for 15 minutes of run on May 9. Here are the following daily gas production figures that they reported in their application:
May 10: 531 MCF
May 11: 685
May 12: 903
May 13: 755
May 14: 561
Flaring exception was approved effective May 18 through November 13. Not to exceed 1,000 MCF/day and 20,800 MCF/month.
Hadrian Unit 1H - Robertson County
Reported gas (None of the daily run times equaled 24 hours):
May 29: 34 MCF (2 hour run)
May 30: 231 (14 hours)
May 31: 384 (18 hours)
June 1: 495 (23 hours)
June 2: 451 (21 hours)
Requested exception to be effective June 7 through December 3. Requested release rate of 1,000 MCF/day. Request was submitted to RRC on June 2 and no ruling yet.
To summarize, both wells are now in production mode. Gas amounts are perhaps a bit higher than expected for these depths. Now we wait to see oil production, which should be posted in July.
Bull Run is continuing to record leases in Madison and Leon Counties.
