Black Elk Energy Completes Vermilion Sidetrack
Black Elk Energy Offshore Operations, LLC , an independent oil and gas company headquartered in Houston, announced another milestone in their 2013 Capital Campaign with the successful drilling and completion of Vermilion 408 Well No. A-1 Sidetrack.
The recently completed well is flowing 717 barrels of oil per day (“boepd”) at 2,500 psi flowing tubing pressure. The A-1 Sidetrack is the seventh successful capital project Black Elk Energy has completed in 2013.
The Vermilion 408 field is now at 1,477 boepd, which has not been accomplished since 2008.
“Black Elk Energy’s team continues to focus on creating exceptional returns on oil and gas by discovering underestimated value through development drilling,” said the company in a press release.
John Hoffman, President and Chief Executive Officer of Black Elk Energy said:. “This project marks our seventh successful completion and truly demonstrates the outstanding capabilities of our team. We are in the process of completing our eighth project of the 2013 Capital Campaign and have a 2014 Capital Campaign outlined that is equally as accretive to Black Elk.”
Black Elk Energy holds interests in properties offshore in the Gulf of Mexico, located within Louisiana and Texas State and Federal waters with depths ranging from less than ten feet up to over 6,000 feet.
Through a series of selective transactions, Black Elk Energy has grown to include an aggregate interest in more than 1,060 wells on 121 platforms located across over 500 thousand gross acres offshore. Black Elk holds a significant acreage position in the Gulf of Mexico from the mouth of the Mississippi River to Mustang Island.
September 24, 2013