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Warren Resources, Inc. Announces Third Quarter 2006 Earnings Call and Operational Update

NEW YORK--(BUSINESS WIRE)--Oct. 27, 2006--Warren Resources, Inc. (NASDAQ: WRES), an independent oil and gas exploration and production company ("Warren"), will report third quarter 2006 financial and operating results on Thursday, November 2, 2006 by issuing a press release before the market opens and conducting a conference call on that date at 10:00 a.m. Eastern Time. The full text of the release will be available on the Internet at www.warrenresources.com.

The conference call will also be broadcast live over the Internet at 10:00 a.m. Eastern Time on November 2, 2006, and can be accessed by registering at www.warrenresources.com.

If you are unable to listen to the live call, a recording of the call will be available for delayed playback for one week beginning at approximately 12:00 p.m. on November 2, 2006. To access the replay, dial (888) 286-8010 and provide the confirmation code, 51081123.

About Warren Resources

Warren Resources, Inc. is a growing independent energy Company engaged in the exploration and development of domestic natural gas and oil reserves. Warren is primarily focused on the exploration and development of coalbed methane properties located in the Rocky Mountain region and its water flood oil recovery programs in the Wilmington Units located in the Los Angeles Basin of California. The Company is headquartered in New York, New York, and its exploration and development subsidiary, Warren E&P, Inc., has offices in Casper, Wyoming and Long Beach, California.

CONTACT:
Investor Relations:
Kathleen Heaney, 203-803-3585

SOURCE: Warren Resources, Inc.