NEW YORK, Nov. 21 /PRNewswire-FirstCall/ -- Warren Resources, Inc.
("Warren") (Nasdaq: WRES) announced today the hiring of Mr. Bruce Berwager, a
senior oil and gas industry executive with 27 years of experience, for the
position of Senior Vice President and General Manager - California. He will be
primarily responsible for the management of drilling and production operations
of Warren's Wilmington Townlot Unit and North Wilmington Unit oil fields in
Since September 2005, Mr. Berwager has been employed by Chevron USA
Production Company, where he handled various business development, commercial
and acquisition opportunities for the California Business Unit having 225,000
barrels of oil equivalent daily production. In the previous year, he was
Founder and Principal of BEAM Consulting Services, a, petroleum engineering
firm focused on reservoir studies, field development planning, business
development and operational troubleshooting.
From 1997 to 2004, he held various senior operating positions with Venoco,
Inc., a NYSE listed California based oil and gas exploration and development
company with annual revenues of over $220 million. Mr. Berwager ultimately was
appointed as Venoco's Chief Operating Officer and a member of its Board of
From 1986 to 1997, he held various engineering and management positions
with Conoco, Inc. (now ConocoPhillips) in the Persian Gulf, North Sea and US.
From 1979 to 1986 he was employed by Unocal Corporation as a
Petroleum/Drilling Engineer in Southern California involving offshore field
development, exploration support and waterflood implementation.
Mr. Berwager received a Bachelor of Science in Petroleum and Natural Gas
Engineering degree in 1979 from the Pennsylvania State University. He received
a Master of Science in Petroleum Engineering from the University of Southern
California in 1983.
In making this announcement, Warren's Chairman and CEO, Norman F. Swanton
said, "we are extremely pleased and excited to have Bruce Berwager joining our
executive team. He is a very qualified oil and gas executive who will make an
immediate impact upon our organization. His extensive experience in the
planning and implementing of oil and gas drilling and production operations
directly supports our corporate mission and growth strategy in California."
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 primary and
secondary 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.
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements regarding projections of revenues or income
or reserves or similar items, such as statements pertaining to future
revenues, future capital expenditures, future cash flows, future operations or
results, and other statements that are not historical facts, are examples of
forward looking statements. These forward-looking statements reflect our
current views with respect to future events, based on what we believe are
reasonable assumptions. No assurance can be given, however, that these events
will occur. These statements are subject to risks and uncertainties that could
cause actual results to differ materially, including without limitation risks
of declining oil and gas prices, competition for prospects, accuracy of
reserve estimates, estimated rates of production, increases in drilling and
lifting costs, increases in equipment and supply costs and other factors
detailed in the Company's filings with the Securities and Exchange Commission
SOURCE Warren Resources, Inc.
CONTACT: David Fleming, +1-212-697-9660
Web site: http://www.warrenresourcesinc.com