EPL Announces Five Exploratory Successes and Provides Operational Update; Company to Present at Howard Weil Conference.

NEW ORLEANS -- Energy Partners, Ltd. ("EPL") (NYSE:EPL) today announced five exploratory successes, three offshore and two in south Louisiana. The Company also provided an update on its current exploratory operations.

At South Timbalier 41, EPL drilled the #3 well to 19,745 feet measured depth (18,950 vertical depth) and encountered apparent oil and natural gas pay in five intervals. All of the apparent productive intervals are in a separate fault block from the productive intervals in the previous wells on the block. The Company and its partner, Kerr-McGee Oil & Gas Corporation, a wholly owned affiliate of Kerr-McGee Corp. (NYSE:KMG), are currently developing plans for the optimal timing and location of subsequent wells to properly exploit the reserves discovered in this new fault block. EPL is the operator of South Timbalier 41 with a 60% working interest, and Kerr McGee holds the remaining 40%.

In the area of the East Bay field, the West Delta 53 #1 well testing the prospect known as Teal was drilled to 8,601 feet measured depth (8,272 feet vertical depth) and encountered apparent oil and natural gas pay in three intervals. EPL is the operator of the well and holds a 67% working interest, and Forest Oil Corporation (NYSE:FST) owns the remaining 33% interest. Initial production is expected in the second quarter of the year.

At Eugene Island 277, EPL drilled the #5 well to 14,295 feet measured depth (12,789 feet vertical depth) and encountered apparent natural gas pay in two intervals. The Company plans to install a structure in the second half of the year to support production from the #5 well and an earlier success, the #4 well. EPL is the operator and holds a 67% working interest in both wells.

In EPL's onshore south Louisiana area, the Company has drilled two additional exploratory successes, bringing the total since closing its acquisition in the area to three discoveries in four exploratory attempts.

Richard A. Bachmann, EPL's Chairman, President, and CEO, remarked, "So far this year, we have nine exploratory discoveries in twelve attempts. As we close out the first quarter, we are pleased to be on track, both onshore and offshore, towards meeting our goal of 50 exploratory wells in 2005. In particular, we are excited by the results with the #3 well at South Timbalier 41, as this well has proven new reserves in a fault block that has never before been tested. While additional drilling will be required to determine the extent of these new reservoirs, establishing hydrocarbons beyond the initial fault block in the area is very encouraging."

EPL currently has exploratory tests underway in the following locations: Galveston 341, Eugene Island 27, East Cameron 111, Eugene Island 277, West Delta 51 and three additional onshore locations. The Company also said it has had five successful development wells thus far in 2005, two offshore and three onshore in south Louisiana.

Richard A. Bachmann will present at the 2005 Howard Weil Energy Conference on April 6 in New Orleans, LA. A copy of the presentation handout will be available on the Company's website the morning of the presentation.

Founded in 1998, EPL is an independent oil and natural gas exploration and production company based in New Orleans, Louisiana. The Company's operations are focused along the U. S. Gulf Coast, both onshore in south Louisiana and offshore in the shallow to moderate depth waters of the Gulf of Mexico Shelf.

Any statements made in this news release, other than those of historical fact, about an action, event or development, which the Company hopes, believes or anticipates may or will occur in the future, are "forward-looking statements" under U. S. securities laws. Such statements are subject to various assumptions, risks and uncertainties, which are specifically described in our Annual Report on Form 10-K for fiscal year ended December 31, 2004 filed with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance or an assurance that the Company's current assumptions and projections are valid. Actual results may differ materially from those projected.