Ryckman Creek Resources LLC, a unit of Peregrine Midstream Partners LLC, is holding a nonbinding open season for up to 15 Bcf of firm, high-deliverability multi-cycle (HDMC) gas storage capacity in Uinta County, WY, near the Opal Hub, Wednesday through Nov. 1.

The company is converting an existing partially depleted oil and gas field, known as the Ryckman Creek Nugget Unit, into a 35 Bcf working capacity facility with a maximum daily withdrawal rate of 360 MMcf. The initial in-service date is April 1, 2012.

"Currently, there is no gas storage at the Opal Hub, and the area is an excellent location for gas storage due to its liquidity," said Peregrine Managing Director Jeff Foutch. "The Ryckman Creek Facility, though not located directly at Opal, will offer the same opportunities as storage at the hub since it interconnects with all of the pipelines serving Opal. In addition, it will provide tailored gas storage services to meet the needs of a wide range of potential gas storage customers, including electric utilities, [independent power producers, local distribution companies], gas producers and marketing entities doing business in the Rocky Mountain Region and throughout the western U.S."

The project has interconnects with Questar Gas Pipeline, Kern River Gas Transmission and Questar Overthrust Pipeline. Backers also are planning interconnections with Ruby Pipeline and Northwest Pipeline. Ryckman Creek is in the pre-filing review process with the Federal Energy Regulatory Commission and intends to file an application for a certificate of public convenience and necessity in October.

For information visit www.peregrinempllc.com or contact Foutch at jhfoutch@peregrinempllc.com, or (713) 974-5606; or Don Wash at dwash@peregrinempllc.com, or (713) 750-9939.

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