EPL's CFO Suzanne Baer Announces Retirement

Energy Partners, Ltd. reports that its Executive Vice President and Chief Financial Officer, Suzanne V. Baer, has elected to retire in April. David R. Looney will be EPL's successor Chief Financial Officer and will join EPL on February 21, 2005. Ms. Baer will remain with the Company until her retirement to assist with the transition before retiring.

Mr. Looney was most recently with EOG Resources, where he served as Vice President, Finance, a position he had held since 1999. In that role his responsibilities included all finance and treasury functions including managing external relationships with investment banks, commercial banks and the rating agencies. Mr. Looney joined EOG in 1998 as Assistant Treasurer after holding a variety of financial roles at firms including Toronto-Dominion Bank and Chase Manhattan Bank. Mr. Looney holds a B.S. in Applied Mathematics and an M.S. in Economics from Texas A&M University.

Richard A. Bachmann, EPL's Chairman, President, and CEO, stated, "Suzanne and I have worked together for over 20 years, at EPL and previously at LL&E. She is well respected in the industry and in the financial community and has played a key role in EPL's success. I thank her for her many years of dedication and support. We will all miss her presence and her insightful counsel, and we wish her well in her retirement." Bachmann continued, "We are very excited to have David on board as the newest member of senior management at EPL. His experience and abilities will be of great value to the Company as we continue our growth. We have a very busy and exciting year ahead of us and believe David is up to the challenge. We would expect the Board of Directors to appoint David as Executive Vice President and Chief Financial Officer of EPL at its next scheduled meeting."