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Warren Resources, Inc. Announces Fourth Quarter and Year-End 2006 Earnings Call

NEW YORK, Feb. 27, 2007 (PRIME NEWSWIRE) -- Warren Resources, Inc. (Nasdaq:WRES) today announced that it will release financial results for the fourth quarter and full year 2006 before the market opens on Tuesday, March 6, 2007. The full text of the release will also be available on the company's website at www.warrenresources.com. Management will host a conference call the same day at 10:00 a.m. Eastern Time.

The conference call will be webcast and can be accessed from the Investor Relations section of the Company's website at www.warrenresources.com.

To listen to a replay of the conference call, dial toll-free (1-888-286-8010 or 617-801-6888 for international callers) and enter passcode 26396608. The replay will be available for one week following the conclusion of the call on Tuesday, March 6, 2007 and last through midnight Monday, March 12, 2007.

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 Washakie Basin in the Rocky Mountain region of Wyoming and its water flood oil recovery programs in the Wilmington Townlot Unit and North Wilmington Unit 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., is based in Casper, Wyoming and Long Beach, California.

CONTACT:  Warren Resources, Inc.
          Media Contact:
          David Fleming
          (212) 697-9660
          489 Fifth Avenue
          New York, NY 10017