Energy Partners, Ltd. is an independent oil and natural gas exploration and production company. As of December 31, 2007, Energy Partners had estimated proved reserves of approximately 103.1 Bcf of natural gas and 28.1 Mmbbls of oil, or an aggregate of approximately 45.3 Mmboe. The Company had interests in 24 producing fields, six fields under development and one property on which drilling operations were then being conducted, all of which are located in the Gulf of Mexico Region. These fields fall into five areas, which Energy Partners identifies as its Eastern, Central, Western and Deepwater offshore, and Gulf Coast onshore areas. The Eastern offshore area comprises two producing fields, including the East Bay field. The Central offshore area consists of four producing fields. The Western offshore area comprises 18 producing fields. The Deepwater offshore area comprises 24 offshore blocks. Energy Partners' Gulf Coast onshore area is located in South Louisiana.