Venoco, Inc. COO to Resignadmin
Venoco, Inc. announced 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.