August 27-28, 2016 Only event of its kind! Balloon ascension, splash & dash, and the balloon-boat relay race. Elephant Butte Lake State Park. Held in conjunction with the “Elephant Days” City of Elephant Butte Celebration. Balloon glow for Elephant Days on Saturday night, candlestick glow if weather is bad. Go to the Elephant Butte Balloon Regatta website for more information, sponsor forms and pictures.