DENVER, Oct. 20 /PRNewswire-FirstCall/ -- Venoco, Inc. (NYSE: VQ)
announced today that Mark DePuy is resigning as the company's Chief Operating
Officer and Executive Vice President.
"We are very disappointed to lose Mark, but we are supportive of his
decision to focus on his family in California. Unfortunately the demands in
our Denver corporate office and Mark's commitments in California were no
longer compatible," said Tim Marquez, founder, Chairman and CEO. "Mark has
been a big part of Venoco's growth in the past three years and we wish him
much success in his future endeavors."
"We have initiated the search for a new COO, but Mark will continue in a
consulting role for an interim period and will be available for the transition
once a replacement is identified," Mr. Marquez added.
Venoco is an independent energy company primarily engaged in the
acquisition, exploitation and development of oil and natural gas properties in
California and Texas. Venoco operates three offshore platforms in the Santa
Barbara Channel, has non-operated interests in three other platforms, operates
four onshore properties in Southern California, has extensive operations in
Northern California's Sacramento Basin and operates eighteen fields in Texas.
SOURCE Venoco, Inc.