Venoco Chairman and CEO Timothy Marquez saw
his personal fortune increase by $38.6 million last week,
according to a Forbes blog post.
Freelance journalist Brendan Coffey’s blog posting on
Forbes.com, which credits Marquez’s financial information
to independent market analysis firms, indicated that
his Venoco stock value rose to $518 million last week.
The blog predicts that Venoco’s revenue will jump 40
percent next year due to demand for crude oil topping
$100 per barrel.
An independent energy company that specializes in
obtaining oil and natural gas from offshore and onshore
sites along California and the Gulf Coast of Texas,
Venoco operates three oil rigs off the Santa Barbara
According to a Forbes profile of the nation’s top 18,000
corporate insiders, Marquez — who co-founded Venoco
in September 1992