Timothy Márquez is the founder and Executive Chairman of the Board for Venoco, Inc., a Denver-based private energy company. Venoco was founded in 1992 and is primarily engaged in the acquisition, exploration and development of oil and natural gas properties. Past areas of experience were in onshore Texas, Colorado and Mississippi and South America. Currently, core areas of focus are southern California (oil basins), Monterey and the Hastings Field in Texas.
Venoco has a regional office in Carpinteria, California, and continues to be one of the largest independent oil companies in California. The company been named ‘Business of the Year’ in three different communities in which the company previously operated. In 2006, Venoco was named as ‘Best Corporate Citizen’ by Oil and Gas Investor magazine, the premier oil industry publication. The company has also received numerous awards for operational excellence. Venoco leads the way in corporate giving for education, health and human services, creating partnerships with organizations that strengthen the communities in which we have business operations, primarily Denver and Santa Barbara.
In October 2002, Mr. Márquez founded Marquez Energy, LLC. The company’s business plan was based largely upon the success he established at Venoco. Marquez Energy was focused primarily on producing property acquisitions in California and the Rockies, along with a lesser focus on low-risk exploration plays. The company was merged with Venoco in 2005.
Venoco went public in 2006 and continued a strong growth trajectory. In October, 2012, Mr. Márquez completed the repurchase of all of the outstanding shares of the company and the company once again became private and the Marquez Trust is now the sole shareholder of the company.
Mr. Márquez began his career in the energy industry as a Petroleum Engineer and held several management positions with Unocal where he worked in California and the North Sea. Mr. Márquez holds a B.S. Petroleum Engineering Degree from the Colorado School of Mines.
In addition to his success as an entrepreneur and a leader in business, Mr. Márquez is a well-known philanthropist, who is particularly committed to education. Mr. Márquez is co-founder, along with his wife, Bernie, and Colorado Governor John Hickenlooper of the Denver Scholarship Foundation. The Foundation’s mission is to provide financial assistance in the form of scholarships and loans to all Denver public high school students. Additionally, the Denver Scholarship Foundation works with the area high schools to offer academic counseling, college application assistance and guidance, and financial literacy education through “Future Centers” on the high school campuses. Mr. and Mrs. Márquez also formed the Timothy and Bernadette Márquez Foundation in 2006. The Foundation focuses on incentivizing big ideas in the fields of education and health care.
Mr. Márquez stays connected to the communities where he lives and works through his involvement in professional, business and non-profit organizations. Mr. Márquez is an Aspen Institute Henry Crown Fellow and served as Vice President of Santa Barbara City College Foundation and is past President of the Hispanic Business Council. Mr. Márquez also served on the board of the Santa Barbara Chamber of Commerce where he was ‘Businessman of the Year’ for 2001. He has won numerous business and philanthropic awards and has served on several non-profit boards in Denver, Santa Barbara and nationally.