Ryckman Creek granted approval of three-month exclusivity extension

By Caroline Salls

Pittsburgh, Feb. 10 – Ryckman Creek Resources, LLC received an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Ryckman’s exclusive plan-filing period was extended through April 28 from Jan. 28 and the solicitation period through June 25 from March 27.

The company said the confirmation hearing for its second amended plan of reorganization is scheduled for Feb. 14, but that date “is likely to be adjourned to March 2017 while the debtors finalize certain outstanding issues.”

Following the filing of the exclusivity extension motion, the Feb. 14 plan confirmation hearing was switched to a confirmation status conference.

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, 2016. The case number is 16-10292.

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