Tag: Venoco
Venoco files voluntary Chapter 11, reaches agreement with lenders
Venoco says it will continue normal operations and meet its financial obligations throughout restructuring process DENVER, CO – Venoco, Inc. has announced that it has reached an agreement with its senior lenders to reduce the company’s debt load and restructure the balance sheet. “Today’s announcement represents another significant step in our ongoing efforts to address the challenges […]
Venoco misses interest payment, blames Calif. pipeline closure
Closure of All American Pipeline in May 2015 cut back Venoco production by 50% Venoco Inc. says the closure of a California pipeline after a huge 2015 leak has affected its operations and is partly to blame for management’s decision to skip a $13.7 million interest payment due Feb. 16. The Denver-based company, which operates in southern […]
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