Ryckman Creek Resources marks $2.53 million November operating loss

By Caroline Salls

Pittsburgh, Dec. 23 – Ryckman Creek Resources, LLC reported a $2.53 million loss from operations for November on $1.38 million in total revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Ryckman posted a $2.07 million loss from operations for October on $1.16 million in total revenue.

The net loss for November was $5.05 million, narrowing from a $5.21 million October net loss.

In addition, the company had $1.99 million in cash and cash equivalents as of Nov. 30, up from $1.33 million at the end of October.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.