EPL Oil & Gas, Inc. Extends Expiration Date for Exchange Offer of 8.25% Senior Notes

EPL Oil & Gas, Inc. Extends Expiration Date for Exchange Offer of 8.25% Senior
Notes

NEW ORLEANS, June 4, 2013 (GLOBE NEWSWIRE) -- EPL Oil & Gas, Inc. (EPL or the
Company) (NYSE:EPL) announced today that it has extended the expiration date
of its registered exchange offer to 5:00 p.m., New York City time, on Tuesday,
June 4, 2013. The exchange offer is an offer to exchange up to $300,000,000 of
registered 8.25% Senior Notes due 2018 that will be issued under an indenture
dated February 14, 2011 for an equal principal amount of outstanding 8.25%
Senior Notes due 2018 that were issued under an indenture dated October 25,
2012.The exchange offer was previously scheduled to expire at 5:00 p.m., New
York City time, on Monday, June 3, 2013.

Based on the latest information provided by the exchange agent, as of the
original expiration date of the exchange offer, approximately $299,880,000.00
in aggregate principal amount of the outstanding 8.25% Senior Notes due 2018
have been tendered for exchange.

Except as set forth herein, the terms and conditions of the exchange offer
remain unchanged. EPL may further extend the expiration date of the exchange
offer in its sole discretion.

The exchange offer, which is required by the registration rights agreement for
the outstanding 8.25% Senior Notes, is being made pursuant to the prospectus
dated May 1, 2013. Copies of the exchange offer prospectus and related
transmittal materials governing the exchange offer are available from the
exchange agent U.S. Bank National Association at:

U.S. Bank National Association
Corporate Trust Services
5555 San Felipe #1150
Houston, Texas 77056
ATTN: Mauri Cowen
Facsimile: (713) 235-9213
Telephone: (713) 235-9206

This press release is for informational purposes only and does not constitute
an offer to purchase or a solicitation of an offer to sell securities. The
exchange offer is being made only pursuant to a prospectus and the related
letter of transmittal and only to such persons and in such jurisdictions as is
permitted under applicable law.

Description of the Company

Founded in 1998, EPL is an independent oil and natural gas exploration and
production company based in New Orleans, Louisiana, and Houston, Texas. The
Company's operations are concentrated in the U.S. Gulf of Mexico shelf,
focusing on the state and federal waters offshore Louisiana. For more
information, please visit www.eplweb.com.

Forward-Looking Statements

This press release may contain forward-looking information and statements
regarding EPL. Any statements included in this press release that address
activities, events or developments that EPL "expects," "believes," "plans,"
"projects," "estimates" or "anticipates" will or may occur in the future are
forward-looking statements. We believe these judgments are reasonable, but
actual results may differ materially due to a variety of important factors.
Among other items, such factors might include: hurricane and other
weather-related interference with business operations; the effects of delays
in completion of, or shut-ins of, gas gathering systems, pipelines and
processing facilities; stock market conditions; the trading price of EPL's
common stock; cash demands caused by planned and unplanned capital
expenditures; changes in general economic conditions; uncertainties in reserve
and production estimates, particularly with respect to internal estimates that
are not prepared by independent reserve engineers; unanticipated recovery or
production problems; changes in legislative and regulatory requirements
concerning safety and the environment as they relate to operations; oil and
natural gas prices and competition; the impact of derivative positions;
production expenses and expense estimates; cash flow and cash flow estimates;
future financial performance; drilling and operating risks; our ability to
replace oil and gas reserves; risks and liabilities associated with properties
acquired in acquisitions; integration of acquired assets; volatility in the
financial and credit markets or in oil and natural gas prices; and other
matters that are discussed in EPL's filings with the Securities and Exchange
Commission. (http://www.sec.gov/).

CONTACT: Investors/Media
        
         T.J. Thom, Chief Financial Officer
         504-799-1902
         tthom@eplweb.com

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