EPL Discusses Impact of Hurricane Gustav

Energy Partners, Ltd. (“EPL” or the “Company”) (NYSE:EPL) today provided an operational update regarding the impact of Hurricane Gustav on its production operations, including its preliminary damage assessment. The Company also commented on its preparations for Hurricane Ike.

EPL safely evacuated all offshore personnel and shut in all production prior to the arrival of Hurricane Gustav. The Company has completed an initial assessment of damage to its operated platforms following the hurricane. Indications are that the majority of EPL’s facilities, which are located in the central Gulf of Mexico (“GOM”), have suffered, at most, minor damage such as missing handrails, grating, navigational aids and instrumentation panels.

In the Company’s South Timbalier area, most producing wells, platforms and facilities sustained minimal or no damage, including the South Timbalier (“ST”) 46 field which was brought back on line this past weekend. The storm did cause physical damage to the ST 41 A and ST 26 G platforms and to one EPL-owned gas sales pipeline departing ST 26, but the damage at this point is believed to be repairable. The Company has secured the necessary equipment and supplies to undertake these repairs.

The Company’s initial fly-over and subsequent physical inspections in its East Bay field have so far indicated only minor repairs are needed to certain structures and pipelines in the field to enable production to resume. The necessary repairs began this past weekend. Minimal impact to EPL’s western GOM area has been reported, and most of the Company’s production from its operated fields in this area has been restored. Production in the Western area began ramping up last Friday.

EPL maintains insurance coverage for property damage due to windstorms with a per-storm deductible of $10 million. At this time, the Company believes that the repair costs associated with Hurricane Gustav related damage to EPL properties will be less than this deductible. EPL also maintains business interruption insurance on its ST 41, 42 and 46 properties, although the Company at this time does not anticipate making a claim as repairs are expected to be completed during the no claim period provided for under the policy.

Further efforts to resume production in the Company’s fields will continue as conditions allow, which is in many cases awaiting acceptance of production by third party pipelines and processing facilities. The Company is monitoring Hurricane Ike in anticipation of its arrival in the GOM this week. Preparations to secure platforms, facilities and equipment in or near the storm’s projected path are underway.

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 U.S. 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 and its Form 10-Q for the quarter ended June 30, 2008 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 U.S. 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.