EPL Oil & Gas, Inc. is an independent oil and natural gas exploration and production company based in Houston, Texas and New Orleans, Louisiana. The Company’s operations are concentrated in the United States, Gulf of Mexico. The Company focused on acquiring and developing assets in this region, because of its established exploitation, development and exploration opportunities in both productive horizons and deeper geologic formations. The Company intends to pursue capital-efficient development and exploration activities in its core area. As of December 31, 2013, the Company had estimated proved reserves of 80.4 Mmboe, of which 64% were oil and 71% were proved developed. Of these proved developed reserves, 69% were oil reserves. The Company produces both oil and natural gas. The Company’s core producing areas include, Ship Shoal 208, East Bay, West Delta, South Timbalier, South Pass 78, Main Pass, South Marsh Island 239 and South Pass 49.