Whittier Energy Announces Net Production of 20 Mmcfed and Drilling and Operations Update

Whittier Energy Corporation (NASDAQ:WHIT) announced
today that its current daily production has now reached 20 million
cubic feet equivalent per day (Mmcfed). In addition, the Company has
now successfully drilled 24 new wells out of a total of 27 wells
drilled year-to-date in 2006 giving the Company an 89% overall success
rate.
   Eight wells that were drilled and completed in the first half of
2006 but awaiting pipeline connections have been connected and turned
to sales. With these, the Company has experienced an increase in its
net daily production of 3.8 Mmcfed since June 30, 2006. This equates
to a 23% increase over the average rate experienced in second quarter
of 2006 and a 43% increase over the average rate experienced in the
first quarter of 2006. The Duhon #1 well located in Lafayette Parish,
Louisiana remains shut-in for repairs but is expected to be returned
to production by early September, 2006. The Company owns a 9.75%
working interest in this well and expects production to be curtailed
to a gross rate of approximately 6 Mmcfed (0.4 Mmcfed net) when it is
brought back on line.
   For the remainder of 2006, the Company expects to participate in
18 additional new wells. The Company currently has two operated and
two non-operated drilling rigs running and expects to have two
additional drilling rigs operating during September. The Company
expects to drill four additional Yegua wells in its Southeast Texas
3-D project; six wells in South Louisiana, five wells in South Texas,
two wells from its Imperial transaction and one additional well in the
Windham field in the Permian Basin.

   About Whittier Energy Corporation

   Whittier Energy Corporation is an independent oil and gas
exploration and production company headquartered in Houston, Texas,
with operations in Texas, Louisiana and Mississippi. Whittier Energy
also holds non-operated interests in fields located in the Gulf Coast,
Oklahoma, Wyoming and California. To find out more about Whittier
Energy Corporation (NASDAQ:WHIT), visit www.whittierenergy.com.

   Forward-Looking Statements

   This news release includes projections and other "forward-looking
statements" within the meaning of the Private Securities Litigation
Act of 1995. These projections or statements reflect Whittier's
current views about future events and performance. No assurances can
be given that these events or performance will occur as projected and
actual results may differ materially from those projected. Important
factors that could cause the actual results to differ materially from
those projected include, without limitation, the availability and
costs of drilling rigs and other oilfield services, drilling and
operating risks, exploration and development risks, and other risks
inherent in Whittier's business that are detailed in its Securities
and Exchange Commission filings. Whittier assumes no obligation and
expressly disclaims any duty to update the information contained in
this news release except as required by law.