X0303 4 2008-10-08 0000750199 ENERGY PARTNERS LTD EPL 0001230446 PEPER JOHN H C/O ENERGY PARTNERS, LTD. 201 ST. CHARLES AVENUE NEW ORLEANS LA 70170 0 1 0 0 EVP, Gen Counsel and Corp Sec Common Stock 2008-10-08 4 S 0 72761 4.9 D 24660 D Common Stock 3554 I 401(K) Plan These shares were held in two margin accounts that served as security for advances made in those accounts. The brokerage firm with which those accounts were maintained sold the shares as a result of a decline in the Company's stock price which resulted in a default under the terms of the margin accounts. The range of prices is $4.81 - $5.09. Full information about the number of shares sold at each price will be provided upon request to the Commission, the issuer, or a security holder of the issuer. JohnH.Peper 2008-10-10