Beta Crude Connector

From Global Energy Monitor
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Beta Crude Connector is a proposed oil pipeline in the USA.[1]

Location

The pipeline is proposed to run throughout the Northern Midland Basin in western Texas, USA.

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Project Details

  • Operator: Frontier Energy Services
  • Owner: Beta Crude Connector, LLC[2]
  • Parent company: ConocoPhillips (50%); Frontier Energy Services (50%)
  • Capacity: 150,000 barrels per day[2]
  • Length: 100 miles[2]
  • Status: Proposed
  • Start year:
  • Financing: Initial investment of US$66 million from Frontier Energy Services with further 50:50 equity investments from Concho and Frontier to follow[3]


The joint venture was initially between Concho Resources and Frontier Energy, but ConocoPhillips later acquired Concho Resources in October 2020.[4]

Background

In April 2019, Concho and Frontier executed an agreement to create Beta Crude Connector, LLC (BCC) LLC, 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.[3] 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]

As of February 2022, the project's overview notes that BCC is a joint venture between ConocoPhillips and Frontier Energy, and that Frontier Energy will serve as the pipeline's operator.[2]

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 2.2 2.3 "Frontier Energy Services, LLC | Beta Crude Connector | Project Overview". www.frontierenergyllc.com. Retrieved 2022-02-27.
  3. 3.0 3.1 Midstream JV for crude oil and transport pipeline IJGlobal, accessed Aug. 4, 2020
  4. "Concho". ConocoPhillips. Retrieved 2022-02-27.

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External resources

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