Beta Crude Connector

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.
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Beta Crude Connector is a proposed oil pipeline in the United States.[1]

Location

The pipeline will run throughout the Northern Midland Basin.

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Project Details

  • Operator: Frontier Energy Services
  • Owner: Concho Resources, Frontier Energy Services
  • Proposed capacity: 150,000 barrels per day
  • Length: 100 miles / 161 kilometers
  • Status: Proposed
  • Start Year: Unknown
  • Financing: Initial investment of US$66 million from Frontier Energy Services with further 50:50 equity investments from Concho and Frontier to follow[2]

Background

In April of 2019, Concho and Frontier executed an agreement to create the Beta Crude Connector (BCC), the shared subsidiary that will own the Beta Crude Connector pipeline system. Concho and Frontier will each own a 50% equity interest in BCC, with Frontier serving as operator. Frontier committed initial capital of US$66 million in April 2019 and it is intended that the two companies will provide further equity for the project on a 50:50 basis.[2] BCC will build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin.[1]

The new gathering and transportation system will consist of an approximately 100-mile gathering system, 250,000 barrels of crude oil storage facilities as well as truck terminals. The pipeline system will have the initial capacity to deliver 150,000 barrels per day of crude oil to multiple delivery points, accessing local refineries and connecting to several downstream pipelines. Following an open season set for April 2019, construction will commence, targeting initial flows in mid-2019.[1]

Articles and resources

References

  1. 1.0 1.1 1.2 Concho Resources Inc. and Frontier Midstream Solutions Announce Midstream Joint Venture, Beta Crude Connector – Press Releases, Apr. 15, 2019
  2. 2.0 2.1 Midstream JV for crude oil and transport pipeline IJGlobal, accessed Aug. 4, 2020

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External resources

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