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Venoco net loss widens to $1.3 million in October, revenue declines
By Caroline Salls
Pittsburgh, Nov. 21 – Venoco, LLC reported a $1.3 million net loss for October on $2.83 million in revenue, according to a monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.
Those figures showed a decline from the $498,287 net loss posted for September on $3.54 million in revenue.
In addition, the company listed $24.89 million in cash and cash equivalents as of Oct. 31, the same as at the end of September.
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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