EPL                  News Release       Energy Partners, Ltd.
Energy Partners, Ltd.                         201 St. Charles Avenue, Suite 3400
                                              New Orleans, Louisiana 70170
                                              (504) 569-1875

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For Immediate Release To:                          For Information Contact:
Analysts, Financial Community, Media               Al Petrie (504) 799-1953
                                                   Charles Meade (504) 799-4814
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                    EPL Announces Pricing of Public Offering


New Orleans, Louisiana, November 10, 2004...Energy Partners, Ltd. ("EPL" or the
"Company") (NYSE:EPL) announced today that it has priced the public offering of
3,467,144 shares of its common stock at $17.42 per share. The Company will use
the proceeds from the offering to repurchase an equivalent number of shares from
Energy Income Fund, L.P. (EIF) at a price per share equal to the net proceeds
per share received in the offering, before expenses. The Company will not
receive any proceeds from the offering.

Credit Suisse First Boston, LLC and Raymond James & Associates, Inc. were
co-lead managers on the offering, with Credit Suisse First Boston serving as the
sole book-running manager.

Information about this offering is available in the prospectus filed with the
Securities and Exchange Commission. Copies of the prospectus may also be
obtained from the offices of Credit Suisse First Boston LLC, Prospectus
Department, Eleven Madison Avenue, New York, New York 10010.

Founded in 1998, EPL is an independent oil and natural gas exploration and
production company based in New Orleans, Louisiana. The Company's operations are
focused in the shallow to moderate depth waters of the Gulf of Mexico Shelf.


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Any statements made in this news release, other than those of historical fact,
about an action, event or development, which the Company hopes, believes or
anticipates may or will occur in future, are "forward-looking statements" under
U. S. securities laws. Such statements are subject to various assumptions, risks
and uncertainties, which are specifically described in our Annual Report on Form
10-K for fiscal year ended December 31, 2003 filed with the Securities and
Exchange Commission. Forward-looking statements are not guarantees of future
performance or an assurance that the Company's current assumptions and
projections are valid. Actual results may differ materially from those
projected.
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