Black Elk, ES&G Join Forces to Protect Platforms during Hurricane Season

- Black Elk, ES&G Join Forces to Protect Platforms during Hurricane Season

Tuesday, August 09, 2011
Black Elk Energy, LLC

Black Elk announced a proactive project with ES&H Consulting & Training Group to strategically place waterproof sensors on each platform. The sensors emit a continuous location signal that is used as a tracking device. If the sensor becomes submerged or is damaged, as it might in hurricane conditions, the signal is then lost, suggesting damage to the structure and thus a possible environmental impact. This would alert ES&H Consulting & Training Group and Black Elk Energy to quickly investigate the incident, enabling a more effective management response. Black Elk Energy is currently 50% deployed with the remainder to be installed within the next 45 days.

The units are manufactured by ESSI Corporation and utilize low earth orbit satellites (LEO) and transmit on L-band frequencies, providing excellent rain fade performance. The systems send a small data packet with location information, battery status, etc., every four hours as long as there is a clear line of sight to the sky. If no signal is received, resources can be concentrated within 4 hours’ passage of a storm. The lithium ion batteries last an entire hurricane season and are field serviceable.

"We understand the importance of being prepared for what may come with hurricane season," said John Hoffman, CEO of Black Elk Energy. "This new technical measure will aid in the overall tracking and management of our platforms in the Gulf. Black Elk Energy maintains an intranet site that provides a gulf-wide view of each of our platforms, which indicates a green symbol for every structure that’s operating normally."

"We commend Black Elk Energy for initiating a proactive measure for their platforms in the Gulf of Mexico, just in time for hurricane season," said Kevin Voisin, Vice President/Partner of ES&H Consulting & Training Group. "We believe this project proves Black Elk’s commitment to the environment and certainly demonstrates their efforts in going above and beyond industry standards to diligently monitor the integrity of their platforms."

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Black Elk Finalizes PSA in GOM

- Black Elk Finalizes PSA in GOM

Monday, June 06, 2011
Black Elk Energy Offshore Operations, LLC

Black Elk has closed on its Purchase & Sale Agreement with a private equity company to acquire 40 fields with current production of approximately 8,200 net BOEPD. This acquisition includes a geographically diversified set of Gulf of Mexico assets with significant proved non-producing and proved undeveloped opportunities. This transaction represents the eighth acquisition by Black Elk since 2008. The purchase includes 399 wells, with an estimated 20 net million barrel equivalent of proven reserves.

"This acquisition shifts Black Elk Energy into the next level within the oil and gas industry. Black Elk has once again doubled in size within a very short time frame and this acquisition moves us into the top Quartile of Private E & P producers within the United States," said John Hoffman, President and CEO of Black Elk Energy. "Though I see continued growth for our company, our level of commitment to safety and the environment will not change as our portfolio expands. We will continue to apply our experienced exploitation skills to our enhanced asset base while fully-employing our operating expertise. This acquisition is a step forward in Black Elk's focus within the Gulf of Mexico and is consistent with our pledge to deliver resources to satisfy America's growing energy needs." Future drilling and recompletion projects within these new fields and current properties within Black Elk's asset portfolio hold substantial resource potential for the company and highlight a very positive road ahead.

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