FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * WEXFORD CAPITAL LP   2. Issuer Name and Ticker or Trading Symbol ENERGY PARTNERS LTD [EPL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) __X__ Other (specify below) See Remarks (Last) (First) (Middle) 411 WEST PUTNAM AVENUE, SUITE 125 3. Date of Earliest Transaction (Month/Day/Year) 03/19/2012 (Street) GREENWICH, CT 06830 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, par value $0.001 ("Common Stock") 03/19/2012   S   19,024 (1) D $ 18.3267 7,071,061 (2) (3) I see footnote (4) (5) Common Stock 03/20/2012   S   14,623 (1) D $ 18.0004 7,056,438 I see footnote (4) (5) Common Stock 03/21/2012   S   25,823 (1) D $ 17.6412 7,030,615 I see footnote (4) (5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WEXFORD CAPITAL LP 411 WEST PUTNAM AVENUE SUITE 125 GREENWICH, CT 06830		X		See Remarks
DAVIDSON CHARLES E C/O WEXFORD CAPITAL LP 411 WEST PUTNAM AVE. GREENWICH, CT 06830		X
JACOBS JOSEPH C/O WEXFORD CAPITAL LP 411 WEST PUTNAM AVENUE, SUITE 125 GREENWICH, CT 06830	X	X
Wexford GP LLC C/O WEXFORD CAPITAL LP SUITE 125 GREENWICH, CT 06830		X

Signatures

Wexford Capital LP By: Wexford GP LLC, its General Partner By: Arthur H. Amron, Vice President and Assistant Secretary		03/21/2012
**Signature of Reporting Person		Date
Wexford GP LLC By: Arthur H. Amron, Vice President and Assistant Secretary		03/21/2012
**Signature of Reporting Person		Date
Charles E. Davidson		03/21/2012
**Signature of Reporting Person		Date
Joseph M. Jacobs		03/21/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The securities disposed of were held by Debello Investors LLC, Spectrum Intermediate Fund Limited, Wexford Catalyst Investors LLC, Wexford Catalyst Trading Limited and Wexford Spectrum Fund, L.P. (the "Funds") and by Wexford Capital LP ("Wexford").
(2)	It should be noted that the Form 3 filed by the Reporting Persons on September 23, 2009 reported in column 2 of Table I 6,905,629 shares of the Issuer's Common Stock, as an estimate, based on the Plan of Reorganization approved by the Issuer, of the number of shares the Reporting Persons were to receive pursuant to the Plan of Reorganization. It should be noted that the Reporting Persons actually received an additional 153,001 shares of the Issuer's Common Stock. The amount of securities beneficially owned in this column 5 reflects the actual number of shares of Common Stock received by the Funds pursuant to the Plan of Reorganization after giving effect to the transaction reported on this line and after taking into account the shares awarded to Mr. Marc T. McCarthy ("Mr. McCarthy"), a director of the Issuer and an employee of Wexford, as more fully described in footnote (3).
(3)	The Issuer grants from time to time shares of Common Stock to Mr. McCarthy, as consideration for services of rendered as a director of the Issuer. As disclosed in Mr. McCarthy's Forms 4, such shares of Common Stock are immediately assigned to Wexford upon each grant and are exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3 promulgated thereunder. One-half of the shares granted to Mr. McCarthy on May 26, 2011 vested immediately on the transaction date, and the remaining one-half of the shares will vest on the day preceding the date of the Issuer's next annual meeting of stockholders. One-half of the 6,281 shares granted to Mr. McCarthy on May 26, 2011 vested immediately on the transaction date, and the remaining one-half of these shares will vest on the day preceding the date of the Issuer's next annual meeting of stockholders.
(4)	This form is jointly filed by Wexford, Charles E. Davidson ("Davidson"), Joseph M. Jacobs ("Jacobs") and Wexford GP LLC ("Wexford GP"). The reported securities are held by the Funds and by Wexford. Wexford serves as manager, investment advisor or sub-advisor of the Funds, and as such may be deemed to share beneficial ownership of the securities beneficially owned by the Funds, but disclaims such beneficial ownership to the extent such beneficial ownership exceeds its pecuniary interest. Wexford GP, as the general partner of Wexford, may be deemed to share beneficial ownership of the securities beneficially owned by the Funds, but disclaims such ownership to the extent such beneficial ownership exceeds its pecuniary interest.(continued under Footnote (5) below)
(5)	(continued from Footnote (4) above) Messrs. Davidson and Jacobs, as the controlling persons of Wexford GP, may be deemed to share beneficial ownership of any securities beneficially owned by the Funds for which Wexford serves as manager, investment advisor or sub-advisor, but disclaim such beneficial ownership to the extent such beneficial ownership exceeds their pecuniary interest.
Remarks: The Reporting Persons may be deemed to be directors by deputization by virtue of the fact that Mr. McCarthy, an employee of Wexford, serves on the board of directors of the Issuer.

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