Replies to This Discussion

Permalink Reply by Ted Ward on November 24, 2025 at 11:19

Hope they get a Texas size well!

Permalink Reply by Ted Ward on Thursday

in regard to well #255420 just east of saline: 

the previous scout report !-6 to 1-12 drilling was halted between 12,700 and 12,800 to cement a liner in. The latest scout report  has MD at over 14,000. Can one assume  that gas was detected in that zone? Not spending money yet but keeping fingers crossed.

Permalink Reply by Ted Ward on Thursday

I mean west of Saline

Permalink Reply by Rock Man on Friday

If you mean where they ran liner, odds are this is a casing point based on a change in bottom hole pressure / done to keep from losing the wellbore.

Permalink Reply by Dale Walton on Friday

This well is a step out for LCV.  I don’t think the pilot hole went deep enough to see HA so it is probably a LCV horizontal test.  The operator in question is known for shenanigans so there is that.  

Permalink Reply by Ted Ward on Friday

Never felt very good about this bunch. I did a A I search on them and ask how many gas wells have they completed. Answer was no public record on any. Oh well I’ll just start playing power ball. Thanks for the information.

Permalink Reply by Skip Peel - Mineral Consultant on Friday

Areana Minerals is not listed as a recognized Louisiana well operator.  Well serial number 255420 is shown as Magnetar as the operator.

Permalink Reply by Ted Ward on Friday

Magnetar Operating LLC is who i looked up on A I who have no public record on gas well completions. My brother received a phone call from a guy who wanted  to buy mineral rights for $1,400 per acre..and claimed Magnetar is 0 for 5 on gas wells. A wise man once said seller beware on Gohaynesvillshale so we are going to hang in there and see happens in a month or so. Thanks for all the replies.

Permalink Reply by Skip Peel - Mineral Consultant on Friday

Wise decision, Ted.  Magnetar Operating has no Louisiana wells as per SONRIS so this is their first well in the state.  The company is registered with the LA Secretary of State.

MAGNETAR OPERATING LLC

Limited Liability Company (Non-Louisiana)

HOUSTON

Active

 

Previous Names

Business:	MAGNETAR OPERATING LLC
Charter Number:	46338804Q
Registration Date:	2/13/2025

Domicile Address
	7670 WOODWAY DRIVE
	SUITE 160
	HOUSTON, TX 77063

Mailing Address
	7670 WOODWAY DRIVE
	SUITE 160
	HOUSTON, TX 77063

Principal Business Office
	7670 WOODWAY DRIVE
	SUITE 160
	HOUSTON, TX 77063
Registered Office in Louisiana
	8550 UNITED PLAZA BUILDING II, STE. 305
	BATON ROUGE, LA 70809
Principal Business Establishment in Louisiana
	8550 UNITED PLZ BLDG II STE 305
	BATON ROUGE, LA 70809

Status
Status:	Active
Annual Report Status:	In Good Standing
Qualified:	2/13/2025
Last Report Filed:	1/14/2026
Type:	Limited Liability Company (Non-Louisiana)

 

Registered Agent(s)

Agent:	CAPITOL CORPORATE SERVICES, INC.
Address 1:	8550 UNITED PLAZA BUILDING II, STE. 305
City, State, Zip:	BATON ROUGE, LA 70809
Appointment Date:	2/13/2025

 

Officer(s) Additional Officers: No 

Officer:	MAGNETAR ENERGY LLC
Title:	Manager
Address 1:	7670 WOODWAY DRIVE, SUITE 160
City, State, Zip:	HOUSTON, TX 77063

Permalink Reply by Dale Walton on Friday

You may also want to dig a little into Magnetar.  A Google search goes a long way.  

Permalink Reply by Skip Peel - Mineral Consultant on Friday

Good idea.

Magnetar Operating LLC

refers to a part of the broader Magnetar Capital, a significant alternative asset manager known for multi-strategy investments, particularly in energy, fixed income, and quantitative strategies, with entities like Magnetar Financial LLC and specific energy/exploration arms. While the parent firm is Magnetar Capital, "Magnetar Operating" often appears in oil & gas contexts for specific project management, like drilling operations or mineral rights, indicating involvement in the physical energy sector alongside their broader investment focus. 

Key Aspects:

• • Parent Company: Magnetar Capital, an alternative investment firm founded in 2005.
  • Investment Focus:
    Energy & Infrastructure, Fixed Income, Quantitative Strategies, Healthcare
    .

• "Operating" Context: In the energy sector, Magnetar entities manage drilling, lease operations, and development, handling the physical aspects of oil and gas projects, often working with other companies like Next Bridge.

• Structure: They manage capital across various structures, including hedge funds, and have expanded through strategic deals (like with Blackstone) and spin-outs (like Elda River). 

In essence, "Magnetar Operating LLC" highlights their hands-on involvement in the operational side of the energy industry, a key part of their larger investment portfolio. 

Permalink Reply by Ted Ward on Friday

I would feel better about this if one of the big boys up there were drilling it. These guys are new kids on block so i just hope they know what they are doing. My Mom and Dad would rise up from their graves and spank my rear end if i sold those rights. As of monday they were past 14,000 feet so we will know shortly, unless the whole world freezes up there. As always thanks for your imput .

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