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Venoco reports $1.94 million of income for January, revenue declines
By Caroline Salls
Pittsburgh, March 22 – Venoco, LLC reported $1.94 million of net income for February on $1.73 million in revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
Those figures compare to a $17.97 million net loss posted for January on $2.61 million in revenue.
In addition, Venoco listed $26.33 million in cash and cash equivalents as of Feb. 28.
Venoco is a Denver-based energy company. The company filed bankruptcy on April 17, 2017 under Chapter 11 case number 17-10828.
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