FOR IMMEDIATE RELEASE
Media Contact:
Leslie Hoffman
281.598.8660
Houston, TX - 15 October 2024 - Black Elk Energy Offshore Operations, LLC ("Black Elk Energy"), an independent oil and gas company headquartered in Houston, announced today the eighth successful project of their 2013 capital campaign in the Gulf of Mexico. Ship Shoal 198 #I-11ST was recently completed and is flowing 252 barrels of oil per day ("bopd") and 1,874mcfd from a dual string completion. The completion of Ship Shoal 198 Well #I-11ST completes Phase One of a multiple year capital program at the Ship Shoal 198 complex. Phase One has resulted in field oil production increasing from 400 bopd to 1,800 bopd. Phase Two is scheduled for mid-year 2014.
"I am pleased to announce that we have successfully completed our eighth well in our 2013 Capital Program", says John Hoffman, President and Chief Executive Officer of Black Elk Energy. "We have very talented and motivated employees at Black Elk and I'd like to thank everyone for continuing to keep us on target to reach our goals. We will continue to use a multi-disciplined approach in the design and planning of new wells taking into account each and every viewpoint to optimize our chance of success. We look forward to beginning Phase Two at Ship Shoal 198."
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.
