Venoco, Inc. Provides Update on Impact on Operations From Plains All American Pipeline Incident

DENVER, CO–(Marketwired – May 21, 2015) – Venoco, Inc. (“Venoco”, the “company”, “we”, or “us”) today stated that production activities have been temporarily halted on Platform Holly at the South Ellwood field in the Santa Barbara Channel following the rupture of a common carrier pipeline operated and owned by Plains All American Pipeline, L.P. (“Plains”) on May 19, 2015. Plains is not affiliated with Venoco and Plains owns and operates the affected pipeline completely independent from Venoco.