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Published on 8/22/2017 in the Prospect News Distressed Debt Daily.

Venoco marks $382,117 of net income for July, revenue grows

By Caroline Salls

Pittsburgh, Aug. 22 – Venoco, LLC reported $382,117 of net income for July on $4.8 million in revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed improvement over the $4.22 million net loss posted for June on $2.43 million in revenue.

In addition, the company listed $24.89 million in cash and cash equivalents as of July 31, down from $30.88 million at the end of June.

Venoco is a Denver-based energy company. The company filed bankruptcy on April 17 under Chapter 11 case number 17-10828.


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