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Warren Resources, Inc. Announces Fourth Quarter and Year-End 2005 Earnings Call

NEW YORK--(BUSINESS WIRE)--Feb. 23, 2006--Warren Resources, Inc. (Nasdaq:WRES) today announced that it will release financial results for the fourth quarter and full year 2005 before the market opens on Tuesday, February 28, 2006. The full text of the release will also be available on the company's website at 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

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 97325400. The replay will be available beginning approximately one hour following the conclusion of the call on Tuesday, February 28, 2006 and last through midnight Monday, March 7, 2006.

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: Integrated Corporate Relations
             Investor Relations:
             Kathleen Heaney, 203-803-3585

    SOURCE: Warren Resources, Inc.
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