Whittier Named Fastest Growing Company in Oil and Gas Journal Survey for Fourth Quarter 2005

Whittier Energy Corporation (NASDAQ:WHIT) was named the
fastest growing company in the Oil and Gas Financial Journal survey
for the fourth quarter of 2005. The results of the rankings were
published in the May 2006 issue. The list of fastest growing companies
was determined by growth of stockholder equity. Whittier Energy's
stockholder equity increased 408% from $11.9 million in the fourth
quarter of 2004 to $60.7 million in the fourth quarter of 2005. In
addition, net income increased 117%. Only companies that reported
positive net income for the fourth quarter of 2005 and 2004 and
increased earnings in the most recent quarter versus the earlier
quarter were included in the rankings. Additionally, the Company ranks
number 77 in total assets among the Oil and Gas Financial Journal's
list of 200 public Exploration & Production companies.
   Bryce Rhodes, Whittier Energy President and CEO, commented, "We
are extremely pleased to be recognized by the Oil and Gas Financial
Journal for our accomplishments. We have experienced substantial
growth of our oil and gas and financial assets and are well positioned
for the future." Added, Mr. Rhodes, "This recognition reflects our
ability to execute on our acquire, explore and exploit strategy to
grow the business and increase shareholder value."

   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 and Louisiana. 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 the website at
www.whittierenergy.com.