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Energy Partners, Ltd.
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We are an independent oil and natural gas exploration and production company concentrated in the shallow to moderate depth waters of the central region of the Gulf of Mexico Shelf. We were incorporated in January, 1998 by Richard A. Bachmann, our chairman, president and chief executive officer. Our 12-member management team has an average of 25 years of energy industry experience, many with large energy companies.
We have grown our company through a combination of multi-year, multi-well drill-to-earn programs and strategic acquisitions. Our proved oil and natural gas reserves at January 1, 2000, were 35.5 million barrels of oil equivalent. Our oil and natural gas production for the quarter ended September 30, 2000, averaged 12,486 barrels of oil equivalent per day. As of September 30, we operated properties that comprised approximately 88% of our production. |
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Recent Articles
W&T Sells South Timbalier Stake to Energy Partners
Tuesday, May 15, 2012 W&T Offshore has sold its 40% working interest in South Timbalier 41 field located on the shelf of the Gulf of Mexico.
Energy Partners Concludes Acquisition of GOM Properties
Tuesday, February 15, 2011 Energy Partners announced the closing of three transactions, including the acquisition of oil-weighted Gulf of Mexico shelf properties, closing of Senior Notes used to fund the acquisition and entry into a new credit facility.
Energy Partners Regains Supplemental Waiver Status from MMS
Monday, May 03, 2010 Energy Partners reported it was recently informed by the Minerals Management Service (MMS) that it had regained supplemental waiver status.
EPL Exits '09 Optimistic about Future Production Growth
Thursday, March 11, 2010 "We have already seen the positive effects of our efforts in our production levels, which are projected to grow in the first quarter of 2010 over those realized in the fourth quarter of 2009," said Gary Hanna, CEO.
EPL Reports 4Q Production, Rig Activity in GOM
Tuesday, January 19, 2010 Energy Partners had three rig operations underway in the fourth quarter 2009 on the Gulf of Mexico shelf.
EPL Establishes Hedging Program
Thursday, October 08, 2009 Energy Partners, Ltd. has established its first hedging program following its emergence from Chapter 11 bankruptcy proceedings.
Energy Partners Limited Could be Facing Bankruptcy
Monday, April 06, 2009 Energy Partners disclosed in an 8-K filing that the company may be facing bankruptcy if unable to successfully negotiate a forbearance agreement with the bank lenders under its credit agreement.
MMS Names SAFE Program Winners in Gulf of Mexico Region
Wednesday, March 25, 2009 The MMS has announced the 2008 District Safety Award for Excellence winners for the Gulf of Mexico region. The program recognizes those operating companies that conduct their operations in a safe manner, adhering to all regulatory requirements, etc.
EPL Updates on New $45MM Borrowing Base, Down from $150MM
Monday, March 16, 2009 EPL was notified by the administrative agent for its bank lending group that the semi-annual re-determination of the borrowing base under its revolving credit facility was performed, resulting in a new borrowing base of $45 million.
EPL Shuffles Management, Engages Chief Restructuring Officer
Monday, March 16, 2009 EPL has announced several management and governance changes, including the resignation of the company's Chairman and Chief Executive Officer.
EPL's Board Waves Good-Bye to 4 Directors
Monday, February 23, 2009 EPL's Board of Directors has reduced the size of the Board from eleven to seven and accepted the resignations of four directors.
EPL Exceeds Pre-Storm Levels after GOM Production Restored
Friday, February 20, 2009 EPL has provided an update on its production operations and preliminary information on its 2008 results.
EPL Underscores Current Operations, Starts Up Deepwater GOM Production
Wednesday, January 14, 2009 EPL has provided an update on its production operations, including the commencement of the Company's first deepwater Gulf of Mexico production, the Raton gas well in Mississippi Canyon 248.
EPL Reaffirms Borrowing Base at $150MM
Monday, December 01, 2008 Energy Partners, Ltd. has completed its customary semi-annual borrowing base redetermination, which has resulted in a reaffirmation of its borrowing base at $150 million.
EPL Sees Success at East Bay Sidetrack, Looks to Start-Up Raton in GOM
Thursday, November 06, 2008 EPL has drilled the seventh successful sidetrack this year with over 145 feet of net pay and four pay sands in its East Bay program, and expects to start-up production from its South Marsh Island asset in the late fourth quarter.
EPL's Producing Properties in Gulf at 40% of Pre-Storm Levels
Wednesday, October 01, 2008 EPL noted that its producing properties in the Gulf of Mexico are at 40% of pre-storm levels, and the Company estimates that its third quarter production will average between 12,000 and 12,500 boepd.
Energy Partners Says Hurricane Ike Impact Minimal
Thursday, September 18, 2008 Energy Partners has completed an initial assessment of damage to its operated platforms in the Gulf of Mexico and indications are that some assets suffered minimal damage.
Monday, September 08, 2008 EPL reported that its GOM facilities suffered minor damage, such as missing equipment, from Hurricane Gustav, and the Company has resumed production as conditions have allowed. EPL is currently securing its assets in preparation of Ike.
EPL Names New VP and Chief Operating Officer
Tuesday, July 15, 2008 Energy Partners named Steve Longon as Executive Vice President and Chief Operating Officer. Longon will oversee all aspects of EPL's operations, including exploration, drilling and production.
Energy Partners Reports Net Income of $2.3 Million
Thursday, May 08, 2008 For the first quarter of 2008, EPL reported net income of $2.3 million, or $0.07 per diluted share, compared to net income for the first quarter of 2007 of $3.7 million, or $0.09 per diluted share.
