Energy Partners, Ltd. Announces Receipt of Requisite Consents and Execution of Supplemental Indenture.

NEW ORLEANS -- Energy Partners, Ltd. (NYSE: EPL) ("EPL" or the "Company") today announced the preliminary results in connection with its previously announced cash tender offer (the "Offer") to purchase any and all of its outstanding 8 3/4% Senior Notes due 2010 (the "Notes") (CUSIP No. 29270UAC9) and related consent solicitation to amend the indenture pursuant to which the Notes were issued (the "Consent Solicitation"). As of 5:00 p.m., New York City time, on April 5, 2007, tenders and consents had been received from holders of a majority of the outstanding Notes.

Accordingly, the requisite consents to adopt the proposed amendments to the indenture governing the Notes have been received, and a supplemental indenture to effect the proposed amendments described in the Offer to Purchase and Consent Solicitation Statement dated March 26, 2007 (the "Offer to Purchase") has been executed. As the Company has executed the supplemental indenture, tendered Notes may no longer be withdrawn and consents delivered may no longer be revoked, except in the limited circumstances described in the Offer to Purchase.

Holders still have until 5:00 p.m., New York City time, on April 9, 2007 (the "Consent Payment Deadline") to tender to receive the total consideration which includes the $30 per $1,000 consent payment. The Offer remains open and is scheduled to expire at 12:00 midnight, New York City time, on April 20, 2007, unless extended or earlier terminated (the "Expiration Date") by the Company. The completion of the tender offer and consent solicitation is subject to the satisfaction or waiver by the Company of a number of conditions, as described in the Offer to Purchase.

The Offer is subject to the satisfaction or waiver of certain conditions, including the closing of the Company's equity self-tender offer, the consummation of the requisite financing to purchase the Notes, and certain other customary conditions.

The complete terms and conditions of the Offer are described in the Offer to Purchase, copies of which may be obtained from Mackenzie Partners, Inc. the information agent and depositary for the Offer, at [phone] (US toll-free) and [phone] (collect).

The Company has engaged Banc of America Securities LLC to act as the exclusive dealer manager in connection with the Offer. Questions regarding the Offer may be directed to Banc of America Securities LLC, High Yield Special Products, at [phone] (US toll-free) and [phone] (collect).

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 Gulf of Mexico.

Forward-Looking Statements

This press release may contain forward-looking information and statements regarding EPL. Any statements included in this press release that address activities, events or developments that EPL expects, believes or anticipates will or may occur in the future are forward-looking statements. These include statements regarding:

* reserve and production estimates;

* oil and natural gas prices;

* the impact of derivative positions;

* production expense estimates;

* cash flow estimates;

* future financial performance;

* planned capital expenditures;

* EPL's ability to close its equity self-tender and to consummate the requisite financing to purchase the Notes; and

* other matters that are discussed in EPL's filings with the Securities and Exchange Commission.

These statements are based on current expectations and projections about future events and involve known and unknown risks, uncertainties, and other factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. Please refer to EPL's filings with the SEC, including Form 10-K for the year ended December 31, 2006, for a discussion of these risks.

No Offer or Solicitation. This release is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent of any Notes. The tender offer and the consent solicitation will be made solely by the Offer to Purchase. EPL'S NOTEHOLDERS ARE ADVISED TO READ EPL'S OFFER TO PURCHASE AND CONSENT SOLICITATION STATEMENT AND ANY OTHER DOCUMENTS RELATING TO THE TENDER OFFER CAREFULLY AND IN THEIR ENTIRETY WHEN THEY ARE DISTRIBUTED BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

Additional Information and Where to Find It. Noteholders may obtain information regarding the Company from EPL's website at www.eplweb.com, from the Securities and Exchange Commission's website at www.sec.gov, by directing a request to: Energy Partners, Ltd. 201 St. Charles Avenue, Suite 3400, New Orleans, Louisiana 70170, Attn: Secretary, [phone] or from MacKenzie Partners, Inc. by calling 1-800-322-2885 toll free or at 1-212-929-5500 collect or by e-mail at [e-mail].