This entity has recently recorded 95 lease memos in the Leon County Deed Records covering about 13,000 gross acres in Leon (83%) and Madison (17%) Counties. Here’s a map of the surveys that contain leased acreage:
Compare this new lease area with the lease area established by Bull Run (EOG):
Looks likely to me that Syndicated is leasing for EOG, although it could be for a competitor looking to get established in the same area.