Ruby Pipeline LLC, the 1.5 Bcf/d natural gas system that moves supply from Wyoming to Oregon, has filed for voluntary bankruptcy to reorganize and relieve its debt obligations.

Opal

The 680-mile, 42-inch diameter system is jointly owned by Houston-based Kinder Morgan Inc. (KMI) and Pembina Pipeline Corp., based in Calgary. The Chapter 11 filing is “in response to an upcoming debt repayment obligation,” it noted.

The filing was made on Thursday in U.S. Bankruptcy Court for the District of Delaware (No. 22-10278).

“In recent months, the joint venture owners have been working diligently with Ruby’s bondholders in an effort to work out a mutually satisfactory resolution. While those efforts will continue, Ruby’s current financial condition necessitates this filing,” management...