Lawsuit against Management of Black Elk Energy Offshore Operations, LLC Dismissed by a Court in Houston, Texas

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Created on Tuesday, 30 July 2024 09:36

FOR IMMEDIATE RELEASE
Media Contact:
Leslie Hoffman – Black Elk Energy Offshore Operations, LLC
281.598-8660
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Houston, TX - 29 July 2024 - Black Elk Energy Offshore Operations, LLC ("BEEOO"), an independent oil and gas company headquartered in Houston, announced today the 164th District Court of Harris County, Texas, recently dismissed a lawsuit filed by a small group of seed capital investors in Black Elk Energy, LLC against the majority unit holders and John Hoffman, Chief Executive Officer of Black Elk Energy Offshore Operations, LLC. The lawsuit alleged that BEEOO’s management and its majority shareholder breached its fiduciary duties, specifically claiming that management caused the November 16, 2024 fire and explosion on the West Delta 32 platform in the Gulf of Mexico.

The court's dismissal of the plaintiffs' claims marks the third time that these minority investors in Black Elk Energy, LLC have filed claims against BEEOO, its managers, or its majority shareholder regarding the management or operation of the company. Both of the prior lawsuits were also dismissed before trial.

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.