Energy Partners, Ltd. (EPL) has completed its previously announced sale of substantially all of its onshore south Louisiana assets to a privately held onshore operator for $71.7 million effective April 1, 2007.

As of the effective date, the estimated proved reserves were approximately one-third of the reserves contained within the divesture package EPL has been marketing recently. After preliminary closing adjustments for the closing date of June 12, 2007, the cash proceeds received totaled approximately $70.0 million. The Company stated that the proceeds will be used to pay down its revolving credit facility.

Merrill Lynch Petrie Divesture Advisors served as the exclusive advisor on this transaction.