WEATHER »

Operational Changes at Venoco Inc.


Venoco Inc. announced on 1/17 that Ed O’Donnell has been promoted to chief operating officer and has approved a plan that calls for Tim Marquez, founder of the company, to step down as CEO in the third quarter of this year. Marquez, who owns half the company, will become executive chairman of the board and continue directing the company’s acquisitions strategy. In mid 2011, he agreed to pay $12.50 a share to take the company private, which the Venoco board agreed to on 1/17. O’Donnell has been involved over the years in all of the company’s operations, from its assets mid-continent and in the Rockies to Sacramento Basin oil fields.

To submit a comment on this article, email letters@independent.com or visit our Facebook page. To submit information to a reporter, email tips@independent.com.



event calendar sponsored by:

Los Padres ForestWatch Opposes Logging in Condor Country

Timber companies target 2,800 acres of trees near Mt. Pinos along the Tecuya Ridge.

Lawmakers Move to Impede Offshore Oil Leases

A pair of bills aim to counter the federal government's new push for production.

More Money Available for Santa Barbara County’s Disaster Victims

The United Way is giving to Santa Barbara nonprofits and offering direct cash grants.

Santa Barbara’s Commuter Train Brings Solid Ridership and Timely Service

The first two weeks of service have seen a daily average topping 180 riders.

Animal Care for New Cuyama

County Animal Services will host free and discount pet services on April 22.