Item 2.02. Results of Operations and Financial Condition.

On November 6, 2008, Energy Partners, Ltd. (the "Company") issued a press release, filed as Exhibit 99.1 to the Original Filing, with respect to its 2008 third quarter earnings. In the press release, the Company misstated the amounts reported for the nine months ended September 30, 2008, for cash provided by operating activities. The cash provided by operating activities reflected in the Original Filing was $221.2 million which amount changed to $199.9 million due to a reduction in the amount reflected for accounts payable and accrued expenses from $25.4 million in the Original Filing to $4.1 million. The amounts reflected in the Original Filing for net cash provided by operating activities for the three months ended September 30, 2008 changed from $101.8 million in the Original Filing, to $80.5 million due to a reduction in the amount reflected in accounts payable and accrued expenses in the Original Filing from $20.9 million to $(0.4) million. These changes are reflected in the Company's Quarterly Report on Form 10-Q filed with the SEC on November 10, 2008. The amounts reported in the Original Filing for discretionary cash flow for the three and nine month periods ended September 30, 2008 remain unchanged.

The information furnished pursuant to this Item 2.02 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any registration statement filed under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

---