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Warren Resources Completes Washakie Basin Deal

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October 15, 2012

Warren Resources Inc. (Nasdaq: WRES) announced that it has closed the purchase and sale transaction under the previously announced agreement to acquire certain additional natural gas and midstream assets from subsidiaries of Anadarko Petroleum Corp. in the Atlantic Rim project area in the Washakie Basin, Wyo. By exercising its preferential rights and closing this transaction with Anadarko:

• Warren acquired 79% of Anadarko's working interest in the Spyglass Hill unit area within the Atlantic Rim Project, representing approximately 37,142 net leasehold acres and an approximate 32.8% additional total unit working ...

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