Published: August 01, 2011
Peregrine Midstream Partners' Ryckman Creek Resources Accepts 7(c) Certificate from the FERC
HOUSTON - (BUSINESS WIRE) - The Federal Energy Regulatory Commission (FERC) has issued and Ryckman
Creek Resources, LLC has accepted a Certificate of Public Convenience
and Necessity under Section 7 of the Natural Gas Act, authorizing the
wholly-owned subsidiary of Peregrine Midstream Partners LLC to develop
and operate a new interstate natural gas storage facility in Uinta
County, Wyoming. Ryckman filed the 7(c) Certificate application with the
FERC in November 2010 and intends to file its implementation plan on
August 2, 2011, with construction starting on the facility when the FERC
accepts the implementation plan and Ryckman receives final approval from
the Bureau of Land Management.
The high-deliverability, multi-cycle (HDMC) natural gas storage project,
which is located near the Opal Hub in the Western Rockies, involves
converting the partially depleted Ryckman Creek Nugget Unit into a gas
storage field with an initial working gas capacity of 18 Bcf when the
first phase is completed in 2012. Ryckman plans to expand working gas
capacity to approximately 35 Bcf by spring 2014, increasing to a total
capacity of around 50 Bcf when the Phase II expansion is finished.
Maximum injection capability will be 350 MMcfd with a maximum withdrawal
capability of 480 MMcfd.
"We appreciate the FERC's efficient processing of Ryckman's application
and recognition of the facility's importance as the largest
independently-owned gas storage project serving this part of the
Rockies," said Peregrine Managing Director Jeff Foutch. "Ryckman's open
season in October 2010 was oversubscribed by 35 Bcf, reflecting strong
demand for the services we can provide to local markets as well as
elsewhere in the Midwest and Western U.S."
The FERC order authorizes Ryckman Creek to construct and operate a
natural gas storage facility consisting of:
-
Up to six injection/withdrawal wells
-
Two re-entry observation wells and two re-entry/recompletion saltwater
disposal wells
-
A central gas/liquids separation and processing facility
-
4.8 miles of new eight-inch diameter storage field flow lines
connecting injection/withdrawal wells to the processing facility
-
Approximately 4 miles of 16-inch diameter header pipeline connecting
the processing facility to the Canyon Creek compressor station
-
Canyon Creek facilities with four existing retrofit compressors and up
to eight new compressors
-
Bi-directional meter stations added to the existing Kern River,
Questar and Overthrust pipeline interconnects
Ryckman Creek will offer firm, enhanced and interruptible storage,
balancing, wheeling and parking services at market based rates.
About Peregrine Midstream Partners LLC
Headquartered in Houston, TX, Peregrine Midstream Partners is a
privately-held company founded in 2009 by the former founders and
management team of Falcon Gas Storage to pursue development and
acquisition opportunities in the midstream energy sector in addition to
providing midstream asset management and advisory services. Peregrine's
midstream business model is focused on natural gas storage,
transportation and processing; NGL extraction; crude oil and NGL
production, storage, handling, marketing and sales in association with
HDMC natural gas storage development and operations; and energy
commodity risk management. Please visit Peregrine Midstream Partners at www.peregrinempllc.com.
Peregrine Midstream Partners
Jeffrey H. Foutch, 713.974.5606
jhfoutch@peregrinempllc.com
or
Encore
Communications
Carole Minor, 713.880.9550
cminor@encorecommunications.com
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