Venoco reports $2.27 million net loss for December, revenue declines

By Caroline Salls

Pittsburgh, Jan. 23 – Venoco, LLC reported a $2.27 million net loss for December on $1.93 million in revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.

The December figures showed a decline from the $1.11 million of net income posted for November on $2.09 million in revenue.

In addition, Venoco listed $24.89 million in cash and cash equivalents as of Dec. 31, the same as at the end of November.

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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