New Chapter 11 Bankruptcy Filing -- Ruby Pipeline LLC
Midstream Operator Unable to Payoff Unsecured Note at Maturity
Houston-based Ruby Pipeline LLC (the “debtor”) owns and operates a 683-mile long nat gas pipeline between Wyoming and Oregon; it generates revenue by transporting nat gas from the Rocky Mountain basins to the Pacific Northwest.
For the last ten years, the company benefitted from favorable long-term fixed fee contracts. Those contrac…