Ryckman Creek Resources sees $3.69 million May loss from operations

By Caroline Salls

Pittsburgh, June 16 – Ryckman Creek Resources, LLC reported a $3.69 million loss from operations for May on $1.02 million in total revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed an improvement over the $4.72 million loss from operations posted for April on $813,000 of total revenue.

The net loss for May was $6.31 million, narrowing from a $7.08 million April net loss.

In addition, the company had $505,000 in cash and cash equivalents as of May 31, down from $769,000 at the end of April.

Ryckman Creek is a Houston-based gas storage services company. It operates as a subsidiary of Peregrine Midstream Partners, LLC. Ryckman filed for reorganization under Chapter 11 on Feb. 2. The case number is 16-10292.

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