Our latest project, the Beta Crude Connector, LLC ("BCC"), is the most recent showcase of Frontier Energy Services' ("Frontier") continued success as a premier midstream solutions provider, this time in the heart of the Midland Basin.
The BCC system will provide crude oil gathering and transportation services in the Midland Basin across Martin, Midland, and Andrews Counties, Texas. This new gathering and transportation system will support the continued growth in midstream demand from persistent growth in drilling activity in the Midland Basin.
Buildout of BCC will consist of approximately 100 miles of crude oil transportation pipeline, truck offload station, and approximately 250,000 barrels of operational storage in the Midland Basin of West Texas. The pipeline will have the initial capacity to deliver approximately 150,000 barrels per day of crude oil to multiple delivery points, accessing local refineries and connecting to multiple downstream pipelines.
Tying producer volume directly into multiple refinery markets and the rapidly growing Gulf Coast export markets, BCC will provide customers with a reliable system with the optionality to get barrels off of trucks, receive barrels at the lease tank battery and provide producers with access to downstream markets by designing to provide optionality, reliability, competitive pricing, and timing advantage.
BCC is a joint venture between Concho Resources Inc. ("Concho") and Frontier. Concho and Frontier each own a 50% equity interest in BCC, with Frontier serving as operator. BCC will file for FERC authority to operate as a common carrier pipeline, with an open season commencing soon. Construction will commence following the open season, targeting initial flows mid-2019.