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EPL Schedules Call to Discuss Third Quarter 2013 Results



EPL Schedules Call to Discuss Third Quarter 2013 Results

HOUSTON, Oct. 18, 2013 (GLOBE NEWSWIRE) -- EPL Oil & Gas, Inc. (NYSE:EPL) (EPL
or the Company) announced today that its conference call to review third
quarter 2013 results will be held on October 31, 2013 at 9:30 A.M. Central
Time/10:30 A.M. Eastern Time. The Company will issue a press release on the
morning before the call covering operational and financial results for the
quarter.

To participate in the EPL conference call, callers in the United States and
Canada can dial (866) 845-8624 and international callers can dial (706)
634-0487. The Conference I.D. for callers is 88223861.

The call will be available for replay beginning two hours after the call is
completed through midnight of November 14, 2013. For callers in the United
States and Canada, the toll-free number for the replay is (855) 859-2056. For
international callers the number is (404) 537-3406. The Conference I.D. for
all callers to access the replay is 88223861.

The conference call will be webcast live as well as for on-demand listening at
the Company's web site, www.eplweb.com. Listeners may access the call through
the "Events and Webcasts" link in the Investor Relations section of the site.

3Q13 Guidance                                                        
                                                                     
ESTIMATED PRODUCTION & SWAP HEDGE VOLUMES                            
Net Production (per day)                                         3Q 2013 
Oil, including NGLs (Bbls)                                       ~   17,500
Natural gas (Mcf)                                                ~   33,000
Boe                                                              ~   23,000
% Oil, including NGLs (using midpoint of guidance)               ~  76%
                                                                     
Swap Contracted Volume                                               
Oil (barrels)                                                   7,985
% of Oil swap contracted                                        46%
% of Boe swap contracted                                        35%
Average Swap Price Level                                        $104.72
                                                                     
ESTIMATED EXPENSES (in Millions)                                     
Lease Operating (including energy insurance)                     ~   $     43
Routine & Maintenance                                            ~   $     41
Expense Workovers                                                ~   $       2
General & Administrative (cash and non-cash)                     ~   $       7
Taxes, other than on earnings                                    ~   $    3.5
Exploration Expense                                              ~   $       6
DD&A ($/Boe), excluding accretion                                ~   $ 25.5
DD&A ($/Boe), including accretion                                ~   $ 28.5
Interest Expense (including amortization of discount and         ~   $ 13.5
deferred financing costs)

Description of the Company

Founded in 1998, EPL is an independent oil and natural gas exploration and
production company headquartered in Houston, Texas with an office in New
Orleans, Louisiana. 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
         713-228-0711
         tthom@eplweb.com

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