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Ryckman Creek Cleared To Seek Vote On $16.5M Sale Plan

Law360, Wilmington (November 13, 2017, 9:28 PM EST) -- A bankrupt natural gas storage complex in Wyoming won a Delaware judge’s approval Monday to put a last-ditch, $16.5 million sale plan to a creditor and investor vote, while acknowledging that substantial opposition will likely blow up the option.

Christopher M. Dressel of Skadden Arps Slate Meagher & Flom LLP told Judge Kevin Carey that Ryckman Creek Resources LLC’s latest disclosure statement, also approved by the court, reflected the company’s lack of alternatives for the proposed 53 billion cubic foot, unfinished site in Wyoming’s southwest corner....
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