X0202 4 2008-03-10 0000750199 ENERGY PARTNERS LTD EPL 0001044292 BACHMANN RICHARD A C/O ENERGY PARTNERS, LTD. 201 ST. CHARLES AVENUE NEW ORLEANS LA 70170 1 1 0 0 Chairman and CEO Common Stock 2008-03-10 4 J 0 100000 0 D 1434958 D Common Stock 2939 I 401(K) Plan Common Stock 1648 I By Spouse Forward Purchase Agreement 2008-03-10 4 J 0 100000 D 2008-03-10 2008-03-10 Common Stock 100000 0 D Consists of 100,000 shares of the Company's common stock that Mr. Bachmann agreed to deliver as described in Footnote 1. On March 10, 2008 Richard A. Bachmann settled his obligation to deliver shares of common stock of Energy Partners, Ltd. (The "Company") under a prepaid variable forward sales contract (the "Contract") entered into with an unaffliated counterparty on March 9, 2005. To secure his obligation under the Contract, Mr. Bachmann pledged 100,000 shares to the counterparty. According to the Contract, the number of shares to be delivered by Mr. Bachmann at settlement would be determined by a formula based on the closing price of the Company's common stock on the maturity date. The closing price of the Company's common stock on the maturity date was $10.43 per share. Based on the formula, Mr. Bachmann delivered all 100,000 shares of the Company's common stock pledged under the Contract. John H. Peper, Attorney in Fact 2008-03-11