epl8k_030509.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): March 5, 2009
————————————
ENERGY
PARTNERS, LTD.
(Exact
name of registrant as specified in its charter)
————————————
|
Delaware
|
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.)
|
201
St. Charles Avenue, Suite 3400
New
Orleans, Louisiana 70170
(Address
of principal executive offices)(Zip Code)
(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
1.01 Entry
into a Material Definitive Agreement.
On March
5, 2009, Energy Partners, Ltd. (the “Company”) was notified by the United States
Department of the Interior, Minerals Management Service (the “MMS”) that an
Incident of Noncompliance (“INC”) had been issued as a result of the Company’s
failure to provide supplemental bonds or other security in the amount of $16.7
million that was due by February 27, 2009 to guarantee performance of the
Company’s obligations to abandon wells, remove platforms and facilities, and
clear the seafloor of obstructions on leases with associated lease
obligations. The INC states that the Company’s failure to correct
this INC by the close of business on March 27, 2009 will result in a shut-in of
the Company's outer continental shelf facilities located on and outer
continental shelf wells associated with South Pass Block 27 and South Pass Block
28 that are located in federal waters.
The
foregoing is qualified in its entirety by reference to the letter from the MMS
and the INC, each dated as of March 4, 2009, attached hereto as Exhibit 99.1 and
Exhibit 99.2, respectively, and each incorporated by reference
herein.
Item
9.01. Financial
Statements and Exhibits.
Exhibits. The
following exhibits are filed herewith:
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Exhibit No.
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Description
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99.1
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Letter
from the United States Department of the Interior, Minerals Management
Service, dated March 4, 2009
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| |
|
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99.2
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Notification
of Incidents of Noncompliance from the United States Department of the
Interior, Minerals Management Service, dated March 4,
2009
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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:
March 6, 2009
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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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