Frontier Midstream Solutions Announces Permian Basin Crude Oil Transportation System Business Wire TULSA, Okla. -- May 13, 2014 Frontier Midstream Solutions, LLC (“Frontier”) today announced a new crude transportation system, to be owned by Alpha Crude Connector, LLC (“ACC”). The ACC system will consist of over 400 miles of crude oil transportation pipeline, multiple truck racks, and over 300,000 barrels of storage in the northern Delaware Basin of Southeastern New Mexico and West Texas. The pipeline will initially have the capacity to deliver over 100,000 barrels per day of crude oil to multiple delivery points, accessing local refineries, rail outlets, and major downstream pipelines. ACC will file for FERC authority to operate as a common carrier pipeline, with an open season commencing in June of 2014. Construction will commence following the open season, targeting initial flows in the second half of 2015. ACC is a Joint Venture between Frontier and Concho Resources Inc. (“Concho”). In conjunction with the Joint Venture, Concho has agreed to enter into a long term transportation agreement with ACC. ACC will solicit interest from other producers and marketers for capacity on the new system. Dave Presley, President of Frontier, commented, “We are excited to be back in the Permian Basin and look forward to serving the producing community in the northern Delaware Basin. ACC will support growing midstream demand from increased drilling activity in the northern Delaware Basin and is designed to help producers reduce their logistics costs while maintaining the optionality to reach multiple markets.” About Frontier Midstream Solutions, LLC Frontier Midstream Solutions, LLC, headquartered in Tulsa, Oklahoma, is owned by Frontier Energy Partners, LLC and Energy Spectrum Partners VI LP, managed by an affiliate of Energy Spectrum Capital. Frontier is a full service midstream company focused on the development of new midstream crude oil and natural gas infrastructure in the Permian Basin. For more information visit Frontier’s web site at www.frontierenergyllc.com. About Energy Spectrum Capital Energy Spectrum Capital (“ESC”) was founded in 1996 to manage private equity funds that make direct investments in well managed companies that acquire, develop, and operate midstream energy assets including crude oil and natural gas infrastructure. Since inception, ESC has raised over $2.3 billion of equity capital. For more information visit ESC’s web site at www.energyspectrumcapital.com. Contact: Frontier Midstream Solutions, LLC Ken Snyder, 402-677-7655 firstname.lastname@example.org or Mindy Stephens, 918-388-8403 email@example.com
Frontier Midstream Solutions Announces Permian Basin Crude Oil Transportation System
Press spacebar to pause and continue. Press esc to stop.