EPL Discusses Impact of Hurricane Ike

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

EPL safely evacuated all offshore personnel and shut in all production prior to the arrival of Hurricane Ike. The Company has completed an initial assessment of damage to its operated platforms in the Gulf of Mexico (“GOM”) following the hurricane. Indications are that EPL’s producing properties have suffered, at most, minor damage such as missing handrails, grating, navigational aids and instrumentation panels as a result of Hurricane Ike. Efforts to resume production from the Company’s fields are underway, however the fields are in many cases awaiting acceptance of production by third party pipelines and processing facilities. EPL expects to provide further updates on its operations and production timing as additional information becomes available.

In the Company’s South Timbalier (“ST”) area, most producing wells, platforms and facilities sustained minimal damage due to Hurricane Ike. The ST 46 field area suffered no damage due to Hurricane Gustav or Hurricane Ike and is ready to resume production, delayed only by damage to a third party pipeline. EPL is currently awaiting word from the operator of the pipeline when pipeline access will be restored. At the ST 26 and 41 field areas, the Company has begun necessary repairs primarily caused by Hurricane Gustav to allow production to resume. Once EPL completes these repairs, ST 26 has been cleared to resume oil production by the operator of the third party pipeline into which it flows, while production from ST 41 will be dependent on the same third party pipeline repair required for production to resume at ST 46.

The Company’s physical inspections in its East Bay field have indicated only minor repairs are needed to certain structures and pipelines in the field to enable production to resume. Crews are on location making the necessary repairs, which should allow production to begin ramping up this 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 is waiting on clearances from third party pipelines and processing facilities to resume flow.

EPL maintains insurance coverage for property damage due to windstorms with a per-storm deductible of $10 million. The Company believes that the repair costs associated with damage to EPL properties from both Hurricanes Gustav and Ike will each be less than the per-storm deductibles. 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.

EPL also commented that the Company has no natural gas hedges and only minimal crude oil financially settled hedges in place during this storm season. EPL also said that it has no counter-party exposure with Lehman Brothers.

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.