Black Elk Energy Offshore Operations, LLC announces early drilling success in Gulf of Mexico and expanding its focus area to onshore Texas via a Long Term Strategic Partnership with a Third Party
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- Created on Wednesday, 15 May 2025 16:26
FOR IMMEDIATE RELEASE
Media Contact:
Leslie Hoffman – Black Elk Energy Offshore Operations, LLC
281.598-8660
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Houston, TX – 15 May 2025 – Black Elk Energy Offshore Operations, LLC (“Black Elk Energy”), an independent oil and gas company headquartered in Houston, announced today the successful completion of 3 wells to kick-off their 2013 drilling program in the Gulf of Mexico. The 2013 drilling program will begin monetizing the companies “proved undeveloped reserve” inventory. The completion of these 3 wells marks the beginning of this multiple year strategic reserve conversion project.
The expected net production from these 3 wells is approximately 1,000 barrels of equivalent per day (“boepd”) and they are located at High Island A443, Ship Shoal 219 and Vermillion 76. In addition to the rate results, two of the three wells encountered additional pay zones that will lead to further development drilling and reserve growth beyond initial expectations.
“We are extremely excited to begin the 2013 PUD Conversion Program with a 3 for 3 record on well completion”, says John Hoffman, President and Chief Executive Officer of Black Elk Energy. “I am proud of our team of highly skilled professionals and look forward to continuing this trend through the remainder of this program. We look forward to expanding our business and bringing added success to our stockholders.”
Executing on their strategic diversification plan, Black Elk Energy also announced today they have entered into a long term strategic relationship with an undisclosed third party to pursue development of oil reserves in South Texas utilizing new technology that is expected to yield exceptional growth.
“We are excited to enter into this strategic partnership”, says John Hoffman. “Joining forces and utilizing their new technology in South Texas will prove to be extremely beneficial in increasing our cash flow and creating additional shareholder value.”
About Black Elk Energy Offshore Operations, LLC
Black Elk Energy Offshore Operations, LLC (www.blackelkenergy.com) is an independent oil and gas company headquartered in Houston, Texas. The Company’s seasoned industry executives have extensive exploitation experience and knowledge with a demonstrated track record of increasing reserves and production while lowering costs. Our team of professionals is dedicated to performing to the highest industry standards, operating within regulatory requirements, and maintaining its stance as a good corporate citizen.
Safe Harbor Statement
This press release may contain certain “forward-looking statements” relating to the business of Black Elk Energy Offshore Operations, LLC (“Black Elk Energy”) and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, and involve known and unknown risks and uncertainties. Although Black Elk Energy believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Black Elk Energy’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Black Elk Energy’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at www.sec.gov. All forward-looking statements attributable to Black Elk Energy or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, Black Elk Energy does not assume a duty to update these forward-looking statements.
