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Triangle USA Petroleum sees $1.71 million of November operating income
By Caroline Salls
Pittsburgh, Dec. 28 – Triangle USA Petroleum Corp. reported $1.71 million of income from operations for November on $9.91 million in sales, according to its monthly operating report filed Dec. 28 with the U.S. Bankruptcy Court for the District of Delaware.
For October, the company saw $2.34 million of income from operations on $11.4 million in sales.
The net loss for November was $2.62 million, widening from a $2.1 million October net loss.
The company had $94.33 million in cash as of Nov. 30, down from $95.36 million at the end of October.
Triangle USA is a Denver-based oil and gas exploration and production company that filed bankruptcy on June 30, 2016. The Chapter 11 case number is 16-11566.
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