X0202 4 2007-07-09 0000750199 ENERGY PARTNERS LTD EPL 0001406151 Longon Stephen D SR C/O ENERGY PARTNERS, LTD. 201 ST. CHARLES AVENUE NEW ORLEANS LA 70170 0 1 0 0 SVP-Drilling & Engineering Common Stock 2007-07-09 4 A 0 10000 0 A 10000 D Phantom Stock 2007-07-09 4 A 0 10000 A Common Stock 10000 10000 D Stock Options (Right to buy) 17.45 2007-07-09 4 A 0 10000 A 2017-07-09 Common Stock 10000 10000 D The Nonqualified Stock Options become exercisable in thirds over a period of three years from the date of the award. Cash-Settled Restricted Share Units, with payment based on the Fair Market Value of a share of Company Common Stock on the applicable vesting date. The Restricted Share Units become vested on July 9, 2010. Not applicable 1 for 1 The Cash-Settled Restricted Share Units become vested on July 9, 2010. John H. Peper, Attorney in Fact 2007-07-11