Energy Partners, Ltd. (“EPL” or, the “Company”) (NYSE:EPL) announced today that it received a written notice from NYSE Regulation, Inc. that trading of EPL’s common stock on the New York Stock Exchange (“NYSE”) would be suspended before the NYSE opens on March 30, 2009.

The NYSE stated that EPL was not in compliance with the NYSE’s continued listing standard, which currently requires a company with listed common stock to maintain an average global market capitalization of not less than $15.0 million over a consecutive 30 trading-day period.

NYSE Regulation has informed the Company that application to the Securities and Exchange Commission to delist the Company’s common stock is pending the completion of all applicable procedures, including any appeals by the Company of NYSE Regulation’s decision.

The Company expects to work with a market maker to apply for registration and quotation of its common stock on the OTC Bulletin Board (“OTCBB”). This transition to the over-the-counter markets does not affect the Company’s business operations and will not change its obligation to file periodic and certain other reports with the Securities and Exchange Commission under applicable federal securities laws.

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, plans, projects, estimates or anticipates will or may occur in the future are forward-looking statements. We believe these judgments are reasonable, but actual results may differ materially due to a variety of important factors.