EPL Provides Drilling Update

Energy Partners, Ltd. (“EPL” or the “Company”) (NYSE:EPL) today provided an update on drilling operations.

The Company announced that the moderate risk, high potential Gulf of Mexico Shelf exploratory well, South Timbalier 214 #2, was drilled to its objective section and encountered sand, but did not see commercial hydrocarbons. The Company will recognize dry hole expense at a current estimate of $10.7 million in the fourth quarter of 2007 in connection with this non-operated 50% working interest well.

EPL is currently drilling a high risk, high potential well called La Posada in Vermilion Parish. The well experienced mechanical problems, and is currently being prepared for sidetracking at approximately 14,100 feet. Once sidetracked, the well will head to an intended total depth of 19,300 feet. EPL holds a non-operated 19% working interest in this prospect.

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; 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 and Form 10-Q for the quarter ended September 30, 2007, for a discussion of these risks.

Additional Information and Where to Find It. Security holders 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, or by directing a request to: Energy Partners, Ltd. 201 St. Charles Avenue, Suite 3400, New Orleans, Louisiana 70170, Attn: Secretary, (504) 569-1875.