October 8, 2009 (FinancialWire) — Venoco, Inc. (NYSE: VQ) has closed a private offering of $150 million of senior unsecured notes due 2017.

The company used the net proceeds of the offering, together with additional borrowings under its revolving credit facility, to satisfy and discharge all of its outstanding 8.75% senior notes due 2011.

Denver-based Venoco is an independent energy company that engages in the acquisition, exploration, exploitation, and development of oil and natural gas properties in California and Texas.

The company’s principal properties are located offshore southern California, onshore in California’s Sacramento Basin, and onshore along the Gulf Coast of Texas. As of March 31, 2007, the company held around 325,000 gross acres.

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