Document:

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                                                                   EXHIBIT 10.27

                              ENERGY PARTNERS, LTD.

                           STOCK AND DEFERRAL PLAN FOR
                             NON-EMPLOYEE DIRECTORS

                         DATED AS OF SEPTEMBER 12, 2000

<PAGE>   2

                              ENERGY PARTNERS, LTD.

               STOCK AND DEFERRAL PLAN FOR NON-EMPLOYEE DIRECTORS

                               ARTICLE I PURPOSES

          The purposes of the Energy Partners, Ltd. Stock and Deferral Plan for
Non-Employee Directors (the "Plan") are to provide for non-employee directors of
Energy Partners, Ltd. (the "Company") to receive following the Company's initial
public offering at least 50% and up to 100% of their annual retainer and meeting
fees in the form of shares of the Company's common stock (the "Shares") and to
enable them to defer all or part of such fees.

                     ARTICLE II ADMINISTRATION OF THE PLAN

          The administrator of the Plan (the "Plan Administrator") shall be the
Compensation Committee of the Board of Directors of the Company (the "Board") or
such other Board committee as may be designated by the Board to administer the
Plan. Subject to the terms of the Plan, the Plan Administrator shall have the
power to construe the provisions of the Plan, to determine all questions arising
thereunder and to adopt, amend and rescind such rules and regulations for the
administration of the Plan as it may deem desirable. All determinations made by
the Plan Administrator in connection with the Plan shall be final and binding
upon all directors participating in the Plan and their beneficiaries and
successors in interest. No member of the Plan Administrator may participate in
any vote by the Plan Administrator on any matter materially affecting the rights
of any such member under the Plan.

                     ARTICLE III PARTICIPATION IN THE PLAN

          Each member of the Board elected or appointed who is not otherwise an
employee of the Company or any subsidiary (an "Eligible Director") shall be
eligible to participate in the Plan.

                           ARTICLE IV DIRECTORS' FEES

          Each Eligible Director shall be entitled to such retainer fees and
meeting fees as shall be established from time to time by the Company. Subject
to the deferral election

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                                      -2-

described in Article V, prior to the date of closing of the Company's initial
public offering, such retainer fees and meeting fees shall be payable in cash at
such times as the Company shall determine. Subject to the deferral election
described in Article V, on and after the date of closing of the Company's
initial public offering, such retainer fees and meeting fees shall be payable in
Shares at such times as the Company shall determine; provided, however, that an
Eligible Director may instead elect, by filing an election with the Plan
Administrator on a form prescribed by the Plan Administrator no less than 30
days before the payment date for any such fees, to instead receive a percentage
of such fees (not exceeding 50%) in the form of cash. A separate election may be
made with respect to retainer fees and meeting fees. The number of Shares that
an Eligible Director shall receive shall be determined by dividing the dollar
amount of the fees to be paid in Shares by the fair market value of a Share on
the last business day before the payment date. Such fair market value shall be
determined by such methods and procedures as shall be established from time to
time by the Plan Administrator. If the Shares are listed on any established
stock exchange or a national market system, unless otherwise determined by the
Plan Administrator in good faith, such fair market value of a Share shall mean
the closing price of the Share on the date on which it is to be valued hereunder
(or, if the Shares were not traded on that date, the next preceding day that the
Shares were traded) on the principal exchange on which the Shares are traded, as
such prices are officially quoted on such exchange. The value of any fractional
share shall be paid in cash.

                          ARTICLE V ELECTION TO DEFER

          Before each calendar year (or with respect to an individual who first
becomes an Eligible Director during a calendar year, on or before the date on
which he or she becomes an Eligible Director), each Eligible Director may elect
to have the receipt of all or a portion of his or her retainer fees and meeting
fees deferred for a period permitted by Article VII. Notwithstanding the
foregoing, a deferral election for the period during calendar year 2000
beginning on the effective date of the Plan shall be made no later than
September 11, 2000. A deferral election pursuant to this Article V shall be
irrevocable and shall be made on a form prescribed by the Plan Administrator,
which shall govern the amount deferred, the form and timing of its payment, and
the applicable earnings alternative or alternatives pursuant to Article VI.
Separate elections may be made with respect to retainer fees and meeting fees.
An Eligible Director's deferral election shall apply only to fees

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                                      -3-

earned during the applicable calendar year or partial calendar year, as the case
may be, after the date on which the irrevocable deferral election is submitted
to the Plan Administrator. If an Eligible Director has not made a deferral
election with respect to a calendar year, his or her retainer fees and meeting
fees shall be payable in accordance with Article IV.

                 ARTICLE VI EARNINGS ALTERNATIVES FOR DEFERRALS

          If an Eligible Director elects to defer all or any portion of his or
her retainer fees and meeting fees pursuant to Article V, the amount deferred
shall be credited to an account ("Account") maintained on the books of the
Company in the name of the Eligible Director. A separate subaccount shall be
maintained for each calendar year reflecting the elections made by the Eligible
Director with respect to the deferrals for that calendar year. With respect to
deferrals prior to the date of closing of the Company's initial public offering,
the amounts so deferred shall be adjusted for earnings equivalents pursuant to
the Interest Alternative described in Section 2 below. With respect to deferrals
on or after the date of closing of the Company's initial public offering, the
amounts so deferred shall be adjusted for earnings equivalents pursuant to the
Phantom Share Alternative described in Section 1 below, except for any portion
of the amount deferred for which the Eligible Director elects the Interest
Alternative described in Section 2 below in his or her deferral election;
provided, however, that the Interest Alternative can be elected only with
respect to such portion of the deferral amount as the Eligible Director could
have elected to receive in cash pursuant to Article IV if he or she had not made
a deferral election.

1.   PHANTOM SHARE ALTERNATIVE

          Under this alternative, the applicable portion of the fees deferred by
the Eligible Director shall be treated as if they were invested on the date that
they are credited to the Eligible Director's Account in a number of whole and
fractional Shares ("Phantom Shares") equal to the number of whole and fractional
Shares that the Eligible Director would have been entitled to receive pursuant
to Article IV if such Eligible Director had not made a deferral election with
respect to such fees. The portion of the Eligible Director's Account treated as
invested in Phantom Shares is hereinafter referred to as the "Phantom Share
Account." If any cash dividends are paid on Shares during the deferral period,
the Eligible Director's Phantom Share Account shall also be credited with
additional whole and fractional Phantom Shares determined by calculating

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                                      -4-

the dividends that the Eligible Director would have received if his or her
Phantom Shares were actual Shares (disregarding dividends on fractional Phantom
Shares) and then dividing the amount of such dividends by the fair market value
of a Share on the dividend payment date. For purposes of this Section 1 of
Article VI, the fair market value of a Share shall be determined by the Plan
Administrator in accordance with Article IV. If any Share dividends are paid on
Shares during the deferral period, the Eligible Director's Phantom Share Account
shall be credited with additional Phantom Shares equal to the number of Shares
that the Eligible Director would have received as dividends if his or her
Phantom Shares were actual Shares (disregarding dividends on fractional Phantom
Shares). Neither an Eligible Director nor any beneficiary shall possess any
rights of a stockholder of the Company with respect to Phantom Shares.

2.   INTEREST ALTERNATIVE

          Under this alternative, the applicable portion of the fees deferred by
the Eligible Director shall be credited during the deferral period with interest
equivalents at the end of each calendar quarter (March 31, June 30, September
30, December 31) or such other periods as may be determined by the Plan
Administrator. The Plan Administrator shall determine, in its sole discretion,
the rate of interest to be used for this purpose and may at any time and from
time to time change such rate. The portion of the Eligible Director's Account as
to which this Interest Alternative shall be applicable is hereinafter referred
to as the "Interest Account."

                   ARTICLE VII PAYMENT OPTIONS FOR DEFERRALS

          By written irrevocable election made at the time of each deferral
election, an Eligible Director must select (i) the date on which payment of his
or her Account with respect to the deferrals covered by that election is to
commence, and (ii) the form of payment. The available options in this regard are
described below:

1.   DATE ON WHICH PAYMENT WILL COMMENCE

          An Eligible Director may elect any of the following payment
commencement dates:

          (i)  the date of his or her cessation of service as a member of the
               Board of Directors for any reason,

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                                      -5-

          (ii)  a specified date at least one year after the date on which
                payment would have been made in the absence of a deferral
                election, or

          (iii) the earlier of (i) and (ii) above.

2.   FORM OF PAYMENT

          An Eligible Director may elect any of the following payment options:

          (i)  a lump sum distribution, or

          (ii) payments in annual installments over a period of years specified
               in the Eligible Director's deferral election.

If the Eligible Director elects payments in installments, the amount of each
installment shall be equal to the amount in the Eligible Director's Account on
the valuation date immediately preceding the payment date for the applicable
installment divided by the number of installments remaining to be paid
(including the applicable installment) (subject, in the case of the Phantom
Share Account, to adjustments for fractional shares as described in Article
VIII).

3.   BENEFICIARY DESIGNATION

          An Eligible Director shall designate a beneficiary or beneficiaries to
receive payments in the event of the Eligible Director's death. Such beneficiary
designation shall be made on a form prescribed by the Plan Administrator and
shall be submitted to the Plan Administrator. Such beneficiary designation may
be changed by the Eligible Director at any time by submitting a new beneficiary
designation form to the Plan Administrator. If no effective beneficiary
designation is in effect at the time of an Eligible Director's death, the
Eligible Director's beneficiary shall be the Eligible Director's estate. The
Eligible Director's elections pursuant to Section 1 and 2 of this Article VII
may include a separate election as to the payment commencement date and form of
payment to be applicable in the event of the Eligible Director's death.

                    ARTICLE VIII PAYMENT OF DEFERRED AMOUNTS

          If an Eligible Director has made a deferral election pursuant to
Article V, his or her Account shall be paid out in the form elected by the
Eligible Director pursuant to Article VII commencing no later than 30 days after
the date elected by the Eligible Director pursuant to

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                                      -6-

Article VII. Such payments shall be made to the Eligible Director or, in the
event of his or her death, to his or her beneficiary determined pursuant to
Section 3 of Article VII. All payments from the Eligible Director's Interest
Account shall be paid in cash. With respect to a payment from the Eligible
Director's Interest Account, the amount to be paid in a lump sum or in any
installment shall be determined based on the value of the Eligible Director's
Interest Account as of the valuation date established by the Plan Administrator
next preceding the payment date. All payments from the Eligible Director's
Phantom Share Account shall be paid in Shares equal in number to the number of
whole Phantom Shares for which the payment is to be made and disregarding
fractional shares except in the case of a lump sum distribution or the final
installment payment. In the case of such a lump sum distribution or final
installment payment, the fractional Phantom Share shall be paid in cash in an
amount equal to the applicable fraction of the fair market value of a Share as
of the valuation date established by the Plan Administrator next preceding the
payment date, such fair market value to be determined by the Plan Administrator
in accordance with Article IV.

                ARTICLE IX UNFUNDED OBLIGATION, ANTI-ALIENATION

1.   UNFUNDED OBLIGATION

          Benefits provided by this Plan shall be payable from the general
assets of the Company. Title to and beneficial ownership of any asset which the
Company may reserve to meet its contingent obligation hereunder shall remain in
the Company, and no Eligible Director or beneficiary shall acquire any property
interest in any specific asset of the Company. No trust arrangement or fiduciary
relationship shall be created hereunder. The right of any Eligible Director or
beneficiary to receive a payment hereunder shall not be greater than that of an
unsecured general creditor of the Company. This Plan constitutes a mere promise
of the Company to make payments at the times and in the manner set forth in this
Plan.

2.   ANTI-ALIENATION

          No benefit payable under this Plan shall be subject in any manner to
anticipation, alienation, assignment, sale, transfer, pledge or encumbrance of
any kind, garnishment, attachment, execution, sequestration, levy or other legal
or

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                                      -7-

equitable process, and any attempt to do so shall be void and of no force and
effect.

                    ARTICLE X LIMITATION AS TO DIRECTORSHIP

          Neither the Plan nor any action taken pursuant to the Plan shall
constitute or be evidence of any agreement or understanding, express or implied,
that an Eligible Director has a right to continue as a director for any period
of time or at any particular rate of compensation.

                         ARTICLE XI CAPITAL ADJUSTMENTS

          In the event of a recapitalization, stock split, stock dividend,
exchange of shares, merger, reorganization, change in corporate structure or
shares of the Company or similar event, the Board may make such adjustments as
it deems appropriate in the number of outstanding Phantom Shares and in the kind
of securities with respect to which the Phantom Shares relate.

                        ARTICLE XII EXPENSES OF THE PLAN

          All costs and expenses of the adoption and administration of the Plan
shall be borne by the Company; none of such expenses shall be charged to any
Eligible Director.

                    ARTICLE XIII EFFECTIVE DATE OF THE PLAN

          The Plan shall be dated as of September 12, 2000 and shall be
effective upon approval of the Board.

               ARTICLE XIV TERMINATION AND AMENDMENT OF THE PLAN

          The Board may amend, terminate or suspend the Plan at any time, in its
sole and absolute discretion; provided, however, that no such amendment,
termination or suspension may, without the Eligible Director's consent, impair
the rights of such Eligible Director as to amounts deferred by such Eligible
Director prior to the date of such amendment, termination or suspension.

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                                      -8-

                            ARTICLE XV GOVERNING LAW

          The validity, construction, and effect of the Plan and any rules and
regulations relating to the Plan shall be determined in accordance with the laws
of Delaware without giving effect to principles of conflicts of laws.<PAGE>   1
                                                                   EXHIBIT 10.28
                                 FIRST AMENDMENT
                                       TO
                       REDUCING REVOLVING CREDIT AGREEMENT

         This First Amendment ("First Amendment") to Reducing Revolving Credit
Agreement ("Credit Agreement") dated as of March 30, 2000, originally by and
among ENERGY PARTNERS, LTD., a Delaware corporation, as Borrower, the several
banks and financial institutions from time to time parties thereto as Banks, and
BANK ONE, TEXAS, N.A., a national banking association, as the initial Bank, as
the LC Issuer and as Agent for the Banks, is entered into this 10th day of
August 2000.

                                   WITNESSETH:

         WHEREAS, pursuant to Section 9.05 of the Credit Agreement, certain
Purchasing Banks have purchased portions of Bank One, Texas, N.A.'s ("Bank One")
Commitment under the Credit Agreement, subject to, and conditioned upon, the
matters set forth in this First Amendment; and

         WHEREAS, Borrower, Bank One as a Bank, as the LC Issuer and as Agent,
and each of the Purchasing Banks desire to amend the Credit Agreement as set
forth herein; and

         WHEREAS, subsequent to the execution of the Commitment Transfer
Supplement pursuant to which it agreed to become a Purchasing Bank, the Bank
formerly known as Chase Bank of Texas, N.A. changed its name to The Chase
Manhattan Bank.

         NOW, THEREFORE, in consideration of the premises and for Ten Dollars
($10.00) and other good and valuable consideration received by each party
hereto, and each intending to be legally bound hereby, the parties agree as
follows:

         I. Amendments to Credit Agreement.

         Article I, DEFINITIONS, of the Credit Agreement is hereby amended by
replacing the following defined term in its entirety to read as follows:

         "Permitted Hedge Agreement" means any Hedge Agreement which Borrower
         enters into with or through a counterparty that has a credit rating of
         at least "A-" by Standard and Poors or "A(3)" by Moody's Investment
         Service, together with the confirmations which Borrower may hereafter
         enter into with or through such counterparty covering, in the
         aggregate, among all such Hedge Agreements, not more than seventy
         percent (70%) of the Proved Reserves that are (i) attributable to
         Borrower's interest in the Borrowing Base Oil and Gas Properties and
         (ii) projected to be produced during the term(s) of such Hedge
         Agreement(s).

         Article I, DEFINITIONS, of the Credit Agreement is hereby further
amended by adding thereto the following defined terms:

         "Documentation Agent" means BNP Paribas, and each successor to such
agent position.

         "Syndication Agent" means The Chase Manhattan Bank, and each successor
         to such agent position.

<PAGE>   2

         Article I, DEFINITIONS, to the Credit Agreement is hereby further
amended by deleting therefrom the definition of "Agent," and by replacing that
deleted definition with the following definition:

         "Administrative Agent" means Bank One, Texas, NA, as agent for the
         Banks hereunder and under the other Loan Documents, and each successor
         agent.

         Section 2.04, Payment of Interest under the Notes, is hereby amended by
revising clause (A)(2) thereof in its entirety to read as follows:

         (2) Interest accruing on any LIBOR Loan during any Interest Period
         shall be payable on the first Business Day of the next Interest Period
         except that: (a) with respect to LIBOR Loans for which Borrower has
         selected an Interest Period of six (6) months, interest will be payable
         on the first Business Day following the ninetieth (90th) day after the
         commencement of such Interest Period and on the first Business Day of
         the next Interest Period, (b) interest will be payable on the Facility
         Termination Date on any LIBOR Loan with an Interest Period ending on
         the Facility Termination Date; and provided that (c) all accrued
         interest on any LIBOR Loan converted or prepaid pursuant to Section
         2.11 shall be paid immediately upon such prepayment or conversion.

         Section 7.01, Enumeration of Events of Default, is hereby amended by
revising paragraph (e) thereof in its entirety to read as follows:

         Default shall be made by the Borrower (as principal or other surety) in
         payment or performance of any bond, debenture, note or other evidence
         of Indebtedness for borrowed money, or under any credit agreement, loan
         agreement, indenture, promissory note or similar agreement or
         instrument executed in connection with any of the forgoing, relating to
         any Indebtedness in an aggregate amount of One Hundred Thousand Dollars
         ($100,000.00) or more, and such default shall remain unremedied for in
         excess of the period of grace, of any, with respect thereto.

         ARTICLE VIII, THE AGENT, is hereby amended by adding the following new
Section 8.08 thereto:

                  8.08 Amendment to Agent Provisions pursuant to First
         Amendment. In connection with the substitution pursuant to the First
         Amendment of the term "Administrative Agent" in place of the term
         "Agent" in the DEFINITIONS, effective from and after the date of the
         First Amendment the term "Administrative Agent" shall be deemed
         substituted for the term "Agent" at every other place throughout Credit
         Agreement where the term "Agent" appears. No amendment shall be
         required to be made to any of the Security Instruments heretofore or
         hereafter entered into by Borrower pursuant to the Credit Agreement, to
         the extent they are granted to or for the benefit of Bank One, Texas,
         N.A. (or any successor Administrative Agent), as "Agent," and future
         Security Instruments required to be delivered by Borrower hereunder
         shall be granted to or for the benefit of Bank One, Texas, N.A. (or any
         successor Administrative Agent), as "Agent."

                                      -2-

<PAGE>   3

         Schedule 1.01(b), Commitment Amounts and Aggregate Commitment Amount,
attached to the Credit Agreement is hereby replaced and superseded by Schedule
1.01(b) attached to the First Amendment.

         Schedule 2.06, Borrowing Base and Monthly Borrowing Base Reduction,
attached to the Credit Agreement is hereby replaced and superseded by Schedule
2.06 attached to the First Amendment.

         III. Conditions Precedent in Connection with the First Amendment. The
First Amendment shall not be binding on the Banks until satisfaction of the
following conditions precedent:

                  A. Administrative Agent shall have received fully executed
         counterparts, in the number of multiple originals requested by
         Administrative Agent, of the First Amendment, the Commitment Transfer
         Supplement and the replacement Notes referred to in Schedule III of the
         Commitment Transfer Supplement, all duly executed by an authorized
         officer for Borrower.

                  B. The representations and warranties contained in Article IV
         of the Credit Agreement shall be true and correct in all material
         respects on the date of the First Amendment with the same effect as
         though such representations and warranties had been made on such date;
         and no Event of Default shall have occurred and be continuing or will
         have occurred upon the execution of the First Amendment.

                  C. All legal matters incident to the consummation of the
         transactions contemplated by the First Amendment shall be satisfactory
         to the firm of Porter & Hedges, L.L.P., special counsel for Bank.

                  D. All reasonable and documented legal fees owed by Bank to
         Porter & Hedges, L.L.P. in connection with the First Amendment shall
         have been paid by Borrower.

         IV. Reaffirmation of Representations and Warranties. To induce the
Banks to enter into this First Amendment, the Borrower hereby reaffirms, as of
the date hereof, its representations and warranties contained in Article IV of
the Credit Agreement and in all other documents executed pursuant thereto,
except as provided in paragraph IV.A., below, and additionally represents and
warrants as follows:

                  A. The execution and delivery of this First Amendment and the
         performance by the Borrower of its obligations under this First
         Amendment are within the Borrower's power, have been duly authorized by
         all necessary corporate action, have received all necessary
         governmental approval (if any shall be required), and do not and will
         not contravene or conflict with any provision of law or of the charter
         or by-laws of the Borrower or of any agreement binding upon the
         Borrower, except with respect to non-compliance with the contractual
         provisions described on Exhibit "A" to this First Amendment, which are
         in the process of being rectified.

                                      -3-

<PAGE>   4

                  B. The Credit Agreement as amended by this First Amendment
         represents the legal, valid and binding obligations of the Borrower,
         enforceable against the Borrower in accordance with their respective
         terms subject as to enforcement only to bankruptcy, insolvency,
         reorganization, moratorium or other similar laws affecting the
         enforcement of creditors' rights generally.

                  C. No Event of Default or Unmatured Event of Default has
         occurred and is continuing as of the date hereof.

         V. Defined Terms. Except as amended hereby, terms used herein that are
defined in the Credit Agreement shall have the same meanings herein.

         VI. Reaffirmation of Credit Agreement. This First Amendment shall be
deemed to be an amendment to the Credit Agreement, and the Credit Agreement, as
further amended hereby, is hereby ratified, approved and confirmed in each and
every respect. All references to the Credit Agreement herein and in any other
document, instrument, agreement or writing shall hereafter be deemed to refer to
the Credit Agreement as amended hereby.

         VII. Entire Agreement. The Credit Agreement, as hereby amended,
embodies the entire agreement between the Borrower and the Banks and supersedes
all prior proposals, agreements and understandings relating to the subject
matter hereof. The Borrower certifies that it is relying on no representation,
warranty, covenant or agreement except for those set forth in the Credit
Agreement, as hereby amended, and in the other documents previously executed or
executed of even date herewith.

         VIII. Governing Law. THIS FIRST AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS AND THE APPLICABLE
LAWS OF THE UNITED STATES OF AMERICA. This First Amendment has been entered into
in Harris County, Texas, and it shall be performable for all purposes in Harris
County, Texas. Courts within the State of Texas shall have jurisdiction over any
and all disputes between the Borrower and the Bank, whether in law or equity,
including, but not limited to, any and all disputes arising out of or relating
to this First Amendment or any other Security Instrument; and venue in any such
dispute whether in federal or state court shall be laid in Harris County, Texas.

         IX. Severability. Whenever possible each provision of this First
Amendment shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this First Amendment shall be prohibited
by or invalid under applicable law, such provision shall be ineffective to the
extent of such prohibition or invalidity, without invalidating the remainder of
such provision or the remaining provisions of this First Amendment.

         X. Execution in Counterparts. This First Amendment may be executed in
any number of counterparts and by the different parties on separate
counterparts, and each such counterpart shall be deemed to be an original, but
all such counterparts shall together constitute but one and the same agreement.

         XI. Section Captions. Section captions used in this First Amendment are
for convenience of reference only, and shall not affect the construction of this
First Amendment.

         XII. Successors and Assigns. This First Amendment shall be binding upon
the Borrower and the Banks and their respective successors and assigns, and
shall inure to the benefit of the Borrower and the Banks, and the respective
successors and assigns of the Banks.

         XIII. Non-Application of Chapter 346 of Texas Finance Codes. In no
event shall Chapter 346 of the Texas Finance Code (which regulates certain
revolving loan accounts and revolving

                                      -4-

<PAGE>   5

tri-party accounts) apply to this Credit Agreement as hereby further amended or
any other Loan Documents or the transactions contemplated hereby.

         XIV. NOTICE. THIS FIRST AMENDMENT TOGETHER WITH THE LOAN AGREEMENT, AND
THE OTHER SECURITY INSTRUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES
AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT
ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN
THE PARTIES.

         IN WITNESS WHEREOF, the parties hereto have caused this First Amendment
to be duly executed as of the day and year first above written.

                                    BORROWER:

                                    ENERGY PARTNERS, LTD.

                                    By: /s/ SUZANNE V. BAER
                                       -----------------------------------------
                                         Suzanne V. Baer
                                         Vice President, Chief Financial Officer

                                    ADMINISTRATIVE AGENT, LC ISSUER AND
                                    BANK:

                                    BANK ONE, TEXAS, N.A.

                                    By: /s/ STEVE SHATTO
                                       -----------------------------------------
                                         Steve Shatto
                                         Vice President

                                      -5-
<PAGE>   6
                                SYNDICATION AGENT AND BANK:

                                THE CHASE MANHATTAN BANK

                                By: /s/ ROBERT C. MERTENSOTTO
                                   -------------------------------------------
                                Name: Robert C. Mertensotto
                                     -----------------------------------------
                                Title: Managing Director
                                      ----------------------------------------

                                DOCUMENTATION AGENT AND BANK:

                                BNP PARIBAS

                                By: /s/ BRIAN M. MALONE AND /s/ BETSY JOCHER
                                   -------------------------------------------
                                Name: Brian M. Malone and Betsy Jocher
                                     -----------------------------------------
                                Title: Director and Vice President
                                      ----------------------------------------

                                BANK:

                                WHITNEY NATIONAL BANK

                                By: /s/ AIMEE ALIS KITCHEN
                                   -------------------------------------------
                                Name: Aimee Alis Kitchen
                                     -----------------------------------------
                                Title: Assistant Vice President
                                      ----------------------------------------

                                      -6-

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