Item 7.01 Regulation FD Disclosure

As previously disclosed, on May 1, 2009, Energy Partners, Ltd. (the "Company") and certain of its subsidiaries filed voluntary petitions (In re: Energy Partners, Ltd., et. al., Case No. 09-32957) for reorganization under Chapter 11 of Title 11 of the United States Code, 11 U.S.C. §§ 101 et seq., as amended in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court"). On July 31, 2009, the Company filed its second amended joint plan of reorganization, as modified as of July 31, 2009 (the "Plan"), with the Bankruptcy Court. On August 3, 2009, the Bankruptcy Court entered an order confirming the Plan.

In order to become effective, all conditions under the Plan, which include the Company's closing of an exit facility, had to be satisfied by either September 10, 2009 or, with the approval of the Company and the Majority Consenting Holders (as such term is defined in the Plan), by September 25, 2009. In order to provide additional time for the Company to negotiate and close its exit financing, the Majority Consenting Holders and the Company mutually agreed to extend the time frame for the satisfaction of conditions under the Plan to September 25, 2009. On September 10, 2009 the Company filed a notice with the Bankruptcy Court notifying the Bankruptcy Court of the extension of the deadline for the Plan's effectiveness.

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