Natgas storage company Peregrine Midstream files for bankruptcy

February 2, 2016 4:59 PM

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WILMINGTON, Del Feb 2 Natural gas storage company Peregrine Midstream Partners LLC filed for bankruptcy on Tuesday, the latest in a string of energy-related companies to seek Chapter 11.

Oil and gas prices have fallen sharply since mid-2014 and scores of exploration companies and related service firms have filed for bankruptcy as their debt became unsustainable.

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