Venoco Goes Fully Private

Venoco founder Timothy Marquez is taking the oil and gas company private after a merger agreement was reached among Venoco, Marquez, and Denver Parent Corporation. Venoco, which operates three offshore platforms in the Santa Barbara Channel and has non-operated interests in three other platforms, is the sole surviving entity of the merger. The Pacific Coast Business Times reported that Marquez lined up a $315 million term loan and $156 million in initial commitments on revolving credit.

Login

Please note this login is to submit events or press releases. Use this page here to login for your Independent subscription

Not a member? Sign up here.