EPL Announces Second Discovery This Year in Bay Marchand

Energy Partners, Ltd. (“EPL” or the “Company”) (NYSE:EPL) today announced its second discovery in 2008 in the Bay Marchand field located in its Central core area on the Gulf of Mexico Shelf (Shelf) and has begun drilling its third well in the program. This field is located just north of the Company’s South Timbalier 26 field.

The moderate risk, moderate potential South Timbalier 23 (ST 23) #CC-15st exploratory well was drilled to a total depth of 10,076 feet and encountered four hydrocarbon bearing sands for a total of 110 feet of apparent high quality oil pay. The rig has begun drilling the third well in this year’s program, the #CC-3st well, with plans to use this rig to complete the #CC-15st in the bottommost sand interval following the operations on the #CC-3st.

The #CC-15st well, expected to be on line in the second quarter, is the second of two discoveries the Company has made within the Bay Marchand area since the beginning of 2008. The first discovery, the ST 23 #CC-14st well, was completed and brought on line last week and is producing approximately 920 barrels of oil per day and 1.1 million cubic feet per day. EPL holds a 27% working interest in both discoveries and in the third well currently drilling.

Richard A. Bachmann commented, “This is another good well in our Bay Marchand program, where we have made a total of 46 discoveries and have experienced a 90% success rate overall since investments in the field began in 1998. We look forward to seeing results on the next well in the program early in the second quarter, and continue to look for additional Bay Marchand opportunities for investment in the future.”

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 its Form 10-K for the year ended December 31, 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.