epl8k_041007.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
————————————
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of Report (Date of earliest event reported): April 10,
2007
————————————
ENERGY
PARTNERS, LTD.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-16179
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72-1409562
|
|
(State
or other jurisdiction of
incorporation
or organization)
|
(Commission
file number)
|
(I.R.S.
Employer
Identification
No.)
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201
St. Charles Avenue, Suite 3400
New
Orleans, Louisiana 70170
(Address
of principal executive offices)
(504) 569-1875
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
————————————
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
7.01 Regulation
FD Disclosure
On
April
10, 2007, Energy Partners, Ltd. issued a press release entitled “Energy
Partners, Ltd. Announces Extension of the Expiration Date for the Previously
Announced Cash Tender Offer for Senior Notes.” This press release is
filed hereto as Exhibit 99.1 and incorporated herein by reference.
In
connection with its private offering of $450 million of senior unsecured notes
and the establishment of a new revolving credit facility, the Company is
implementing a commodity price hedging program intended to mitigate commodity
price risk. The Company maintains a complete and regularly updated
schedule of hedging positions under "Hedging" in the Investor Relations section
of the Company's web site, www.eplweb.com.
In
addition, a number of the Company's directors and executive officers have
advised the Company that they will tender at least a portion of their shares
of
the Company's common stock in the Company's self-tender offer to purchase
8,700,000 shares at $23 per share. Mr. Bachmann, the Company's Chairman and
Chief Executive Officer, has advised the Company that he intends to tender
a
number of shares sufficient to sell approximately
375,000 shares, assuming full proration as set forth in the Offer to Purchase
filed by the Company with the Securities and Exchange Commission on March 26,
2007.
Item
9.01 Financial
Statements and Exhibits
Exhibit. The
following Exhibit is furnished herewith:
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Exhibit
No.
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Description
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99.1
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Press
release, dated April 10, 2007.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated:
April 16, 2007
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ENERGY
PARTNERS, LTD.
By: /s/
John H. Peper
John
H. Peper
Executive
Vice President, General
Counsel
and Corporate Secretary
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