Energy Partners, Ltd. is an independent oil and natural gas exploration and production company. As of December 31, 2008, the Company had estimated proved reserves of approximately 90.8 billion cubic feet (Bcf) of natural gas and 21.6 million barrels (Mmbbls) of oil, or an aggregate of approximately 36.8 million barrels of oil equivalent (Mmboe). The Company’s operations are concentrated in the shallow to moderate-depth waters in the Gulf of Mexico focusing on the areas offshore Louisiana, as well as the deepwater Gulf of Mexico at depths less than 5,000 feet. As of December 31, 2008, the Company had working interests in 24 producing fields, primarily located in the Gulf of Mexico region. In September 2009, the Company announced its emergence from its voluntary Chapter 11 restructuring.