DENVER, Sept. 17 /PRNewswire-FirstCall/ -- Venoco, Inc. today announced that Brady McConaty will join the company as a Vice President of the company's Texas operations. Mr. McConaty has twenty-nine years of industry experience including nineteen years with Tenneco.
"Brady brings a wealth of drilling, operations and commercial experience to Venoco and has operated extensively in Texas and the Rockies," said Mark DePuy, Venoco's Chief Operating Officer and Executive Vice President. "We are very pleased to have Brady on the Venoco team as we grow our Texas operations."
Most recently, Mr. McConaty founded and was President of Merrimac Oil and Gas, LLC, a Houston-based company focused on coal bed methane operations employing advanced drilling techniques and advancements in CO2 injection applications. Prior to that, he was President and CEO of C2C Fiber, Inc., a Houston-based supplier of fiber-optic telecommunications to deepwater oil and gas development operators. Mr. McConaty began his career in various engineering capacities with Tenneco Oil in its Louisiana offices focused on the Gulf of Mexico operations. Later, he was director of various commercial operations for Tenneco Energy, Inc. in Houston. Mr. McConaty is a graduate of Colorado School of Mines in Petroleum Engineering.
The company also announced that Michael G. Edwards has been promoted to Vice President - Investor Relations and has relocated to the corporate office in Denver. Mr. Edwards was one of Venoco's first employees, joining the company in 1994 and has held numerous senior positions including Vice President - Land and, most recently, Vice President - Government & Public Affairs.
"Mike is exceptionally knowledgeable about Venoco's assets and operations and will be a valuable resource to investors," said Bill Schneider, Venoco's President.
Mr. Edwards began his career as an independent landman in Denver and has over 20 years of industry experience. Mr. Edwards is a licensed California attorney with a Juris Doctorate from Santa Barbara College of Law and a bachelor's degree from Colorado State University.
About the Company
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 three onshore properties in Southern California, has extensive operations in Northern California's Sacramento Basin and operates eighteen fields in the Texas Gulf Coast and South Texas.
Forward-looking Statements
Statements made in this news release other than statements of historical fact are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the company's future performance are both subject to a wide range of business risks and uncertainties and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward- looking statements, including, but not limited to, those described in the company's filings with the Securities and Exchange Commission, which are incorporated by this reference as though fully set forth herein.
