Black Elk Energy Reports Eighth Successful Project in U.S. GoM

Black Elk Energy Offshore Operations, LLC, an independent oil and gas company headquartered in Houston, announced 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.”

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Press Release, October 16, 2013