Founded in 1998, Energy Partners engages in the exploration for and production of oil and natural gas in the Gulf of Mexico. The New Orleans-based company focuses mostly on properties in shallow to moderate depths. At the end of 2007, proven reserves totaled 45.3 million barrels of oil equivalent, with average daily production of 24,133 barrels of oil. The firm's reserve mix is 38% natural gas and 62% oil. Natural gas accounted for about 64% of production in 2007.
