UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~Pursuant~~Date toof ~~Section 13 or 15~~report (d) Date of ~~the~~earliest ~~Securities~~event ~~Exchange Act~~reported): ofJuly 14, ~~1934~~2006

~~Date of Report~~WHITTIER ENERGY CORPORATION (~~Date~~Exact Name of ~~earliest~~Registrant ~~event~~as ~~reported):~~Specified in ~~July 5,~~Its ~~2006~~Charter)

WHITTIER ENERGY CORPORATION

Nevada	0-30598	20-0539412
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

~~(Exact~~333 ~~name~~CLAY STREET, ofSUITE 700 ~~Registrant~~HOUSTON, asTEXAS ~~specified~~77002 (Address inof ~~its~~Registrant’s ~~charter~~Principal Executive Offices)

Nevada	0-30598	20-0539412
(State or other jurisdiction of	Commission	(I.R.S. Employer
incorporation or organization)	File Number	Identification No.)

(713) 850-1880
(Registrant’s telephone number, including area code)

333 CLAY STREET, SUITE 700

HOUSTON, TEXAS 77002

(Address of Registrant’s Principal Executive Offices)

(713) 850-1880

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item 5~~ITEM 8.0201. ~~Departure~~Other ~~of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.~~Events

Whittier Energy Corporation (bthe “Company”) On held ~~July 5,~~various ~~2006~~derivative instruments, ~~James~~including A.crude ~~Jeffs~~oil ~~resigned~~and ~~from~~natural ~~his~~gas ~~position~~option agreements known as ~~a director~~“swaps” and ~~Chairman~~“collars” as of June 30, 2006, including additional hedging contracts entered into in conjunction with the ~~Board~~Company’s acquisition of ~~Directors~~the ofWesthoff ~~Whittier~~Ranch ~~Energy~~Field ~~Corporation~~in May 2006. Swaps are designed to (fix the ~~“Company”)~~price of anticipated sales of future production, while collars are designed to ~~focus~~establish ~~his~~floor ~~time~~and ceiling prices on ~~other~~anticipated ~~existing~~sales ~~professional~~of ~~obligations~~future production. ~~Mr. Jeff’s resignation~~The ~~was~~Company ~~not~~enters ainto ~~result~~its ofderivative ~~any~~contracts ~~disagreements~~as ~~with~~a means to reduce the ~~Company.~~future Onprice ~~July 7, 2006,~~volatility ~~the~~on ~~remaining~~its ~~members~~sales of ~~the~~oil ~~Board~~and ~~appointed~~gas ~~David~~production, A.as well ~~Dahl~~as to ~~serve~~achieve asmore predictable cash flows from its oil and gas properties. ~~the~~The Company’s ~~Chairman~~has ofdesignated ~~the~~its ~~Board~~price hedging instruments as cash flow hedges in accordance with SFAS No. 133.

~~Item~~Further ~~9.01~~details ~~Financial~~relating ~~Statements~~to ~~and~~the ~~Exhibits.~~Company’s hedging activities as of June 30, 2006 are as follows:

		Nymex Contract Price
Contract Period and Type	Total Volume	Floor		Ceiling/Swap Price

Crude Oil Contracts (barrels)
Swap Contracts:
July 2006 — December 2006	18,000	N/A		$	58.00
July 2006 — December 2006	24,000	N/A		$	74.05
January 2007 — June 2007	15,000	N/A		$	73.85
July 2007 — December 2007	9,000	N/A		$	73.00
January 2008 — December 2008	48,000	N/A		$	71.35

Collar Contracts:
July 2006 — December 2006	48,000	$	30.00	$	34.25
July 2006 — December 2006	10,800	$	49.50	$	68.60
January 2007 — December 2007	54,000	$	47.50	$	69.00
January 2007 — December 2007	78,000	$	47.50	$	69.25
January 2008 — December 2008	48,000	$	60.00	$	83.00

Natural Gas Contracts (mmbtu)
Swap Contracts:
July 2006 — October 2006	120,000	N/A		$	7.44
November 2006 — March 2007	150,000	N/A		$	8.16
November 2006 — March 2007	151,000	N/A		$	10.75
April 2007 — October 2007	210,000	N/A		$	6.97
April 2007 — October 2007	214,000	N/A		$	9.25
November 2007 — March 2008	152,000	N/A		$	10.98
April 2008 — October 2008	214,000	N/A		$	8.65

Collar Contracts:
July 2006 — October 2006	160,000	$	6.75	$	8.40
July 2006 — October 2006	280,000	$	7.00	$	7.50
July 2006 — December 2006	60,000	$	5.00	$	6.45
November 2006 — March 2007	200,000	$	7.25	$	9.75
November 2006 — March 2007	151,000	$	9.00	$	14.50
April 2007 — October 2007	280,000	$	6.25	$	7.95
April 2007 — October 2007	214,000	$	7.50	$	12.65
November 2007 — March 2008	152,000	$	9.00	$	16.25
April 2008 — October 2008	214,000	$	7.50	$	10.90

Exhibit No.		Description
99.1		Press Release issued on July 10, 2006 by Whittier Energy Corporation.

SIGNATURES

~~SIGNATURE~~Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	WHITTIER ENERGY CORPORATION


Date: July 14, 2006


	By:	/s/ Michael B. Young
		Michael B. Young
		Chief Financial Officer
		(Principal Financial and Accounting
		Officer)

	WHITTIER ENERGY CORPORATION
Date: July 10, 2006	By:	/s/ Michael B. Young
		Michael B. Young
		Vice President, Chief Financial Officer and
		Treasurer

INDEX TO EXHIBITS

Exhibit No.		Description
99.1		Press Release issued on July 10, 2006 by Whittier Energy Corporation.

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