Whittier Energy Corporation Joins Russell Microcap Index

Whittier Energy Corp. (NASDAQ:WHIT) was added to the
Russell Microcap(TM) Index when Russell Investment Group reconstituted
its family of U.S. indices on June 30, 2006 according to the
membership list posted on www.russell.com

   MANAGEMENT COMMENTS

   Bryce Rhodes, President and CEO of Whittier Energy, said: "We are
very pleased to be included on the Russell Microcap Index. The Russell
indices are widely known and well respected and this certainly gives
Whittier additional visibility to both institutional and retail buyers
of microcap stocks."

   About Whittier Energy

   Whittier Energy Corporation is an independent oil and gas
exploration and production company headquartered in Houston, Texas,
with operations in Texas and Louisiana. Whittier Energy also owns
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 our website at www.whittierenergy.com

   About Russell Investment Group

   Russell, a global leader in multi-manager investment services,
provides investment products and services in 44 countries. Russell
manages more than $167 billion in assets and advises clients worldwide
representing $2.4 trillion. Founded in 1936, Russell is a subsidiary
of Northwestern Mutual and is headquartered in Tacoma, Wash., with
additional offices in New York, Toronto, London, Paris, Singapore,
Sydney, Auckland and Tokyo.

   Forward-Looking Statements

   This news release includes projections and other "forward-looking
statements" under the Private Securities Litigation act of 1995. The
Company cautions that actual future results may vary materially from
those expressed or implied in any forward-looking statements. More
information about the risks and uncertainties relating to these
forward-looking statements is found in the Company's SEC filings which
are available free of charge on the SEC's web site at
http://www.sec.gov