Kinder Morgan’s Ruby Pipeline Files for Chapter 11 Bankruptcy

Ruby Pipeline is a natural gas pipeline joint venture operated by Kinder Morgan that extends from Wyoming to Oregon.

Hart Energy Staff

Ruby Pipeline LLC, a natural gas pipeline joint venture (JV) operated by Kinder Morgan Inc., recently filed to reorganize under chapter 11 of the U.S. Bankruptcy Code.

Kinder Morgan and fellow JV owner, Pembina Pipeline Corp., filed for bankruptcy in response to Ruby Pipeline’s upcoming debt repayment obligation, according to a company release.

“The bankruptcy filing comes as no real surprise,” analysts with Tudor, Pickering, Holt & Co. (TPH) wrote in an April 4 research note.

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