Black Elk Energy Offshore Operations Announces another Milestone
OREANDA-NEWS. Black Elk Energy Offshore Operations, LLC (“Black Elk Energy”), 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.
“I am thrilled to report the continued success of our 2013 Capital Campaign”, says John Hoffman, President and Chief Executive Officer of Black Elk Energy. “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.”
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