SOURCE: Venoco, Inc.

Venoco, Inc.

December 02, 2010 07:01 ET

Venoco, Inc. Hires VP - Corp. Development

DENVER, CO--(Marketwire - December 2, 2010) - Venoco, Inc. (NYSE: VQ) announced that Edward McLaughlin will join the company as Vice President of Corporate Development. 

"We are excited to have Ed, with his extensive industry experience and contacts, join our team," said Tim Marquez, Chairman and CEO. "We have a great opportunity to build strategic relationships and partnerships as we forge ahead in our development of the Monterey Shale, our Sacramento Basin assets, as well as other opportunities in California."

Mr. McLaughlin served as President of Petro-Canada Resources (USA) from 2007 until the sale of the company's assets earlier this year. He originally joined the company in 2003 as VP - Land & Business Development. Prior to that, he was VP - Land & Business Development for Ensign Oil & Gas Inc., was Director of Business Development for Encana Oil & Gas (USA) and VP - Land for Ocean Energy Resources (formerly UMC Petroleum Corp. & General Atlantic Resources). 

Mr. McLaughlin has a BS in Business Administration from the University of Denver and an MBA from the University of Colorado, Denver. He is a current board member of IPAMS, and a recent board member of the Colorado Oil and Gas Association. He is a Certified Petroleum Landman and is a member of both the American Association of Petroleum Landmen and the Denver Association of Petroleum Landmen. Mr. McLaughlin served as DAPL President 1999-2000 and was recognized as its Landman of the Year in 2004.

About the Company 

Venoco is an independent energy company primarily engaged in the acquisition, exploitation and development of oil and natural gas properties primarily in California. 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, and has extensive operations in Northern California's Sacramento Basin.

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