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Triangle USA Petroleum sees $3.35 million of January operating income
By Caroline Salls
Pittsburgh, March 1 – Triangle USA Petroleum Corp. reported $3.35 million of income from operations for January on $12.61 million in sales, according to its monthly operating report filed Feb. 28 with the U.S. Bankruptcy Court for the District of Delaware.
For December, the company saw $1.64 million of income from operations for December on $9.12 million in sales.
The net loss for January was $655,000, narrowing from a $2.36 million December net loss.
The company had $84.48 million in cash as of Jan. 31, down from $88.92 million at the end of December.
Triangle USA is a Denver-based oil and gas exploration and production company that filed bankruptcy on June 30, 2016. The Chapter 11 case number is 16-11566.
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