BULL RUN
BULL RUN is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from October 2017 to August 2026, totalling 1,974,245 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 $2.1M, with roughly $429K 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 3,297 thousand cubic feet a month. Its strongest month on the record we hold was November 2017, at 102,898 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 BULL RUN
- Who operates BULL RUN?
- BULL RUN is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is BULL RUN?
- BULL RUN is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 285084.
- Is BULL RUN still producing?
- BULL RUN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BULL RUN is August 2026.
- How much has BULL RUN produced?
- BULL RUN has reported 1,974,245 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2017 and August 2026, from 1 wellbore.
- How much is BULL RUN worth?
- The remaining production from BULL RUN is estimated to be worth about $2.1M in total as of 27 August 2026, within a range of $1.7M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BULL RUN is a fraction of it. The estimate fits an Arps decline curve to the production BULL RUN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BULL RUN is an estimate of value, not an offer and not an appraisal.
- How much income does BULL RUN generate in a year?
- BULL RUN is forecast to net about $429K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BULL RUN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 285084 |
| Wellbores | 1 |
| Reported production | 1,974,245 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where BULL RUN 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.