Frontier Midstream Solutions Announces Permian Basin Crude Oil
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
Frontier Midstream Solutions, LLC
Ken Snyder, 402-677-7655
Mindy Stephens, 918-388-8403
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