Venoco net loss narrows to $498,287 in September, revenue improves

By Caroline Salls

Pittsburgh, Oct. 23 – Venoco, LLC reported a $498,287 net loss for September on $3.54 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 $1.43 million net loss posted for August on $3.06 million in revenue.

In addition, the company listed $24.89 million in cash and cash equivalents as of Sept. 30, down from $29.3 million at the end of August.

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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