Frontier Energy Services Announces Formation of Frontier Midstream Solutions IV

September 19, 2017

TULSA, Okla. -- (BUSINESS WIRE) -- Frontier Energy Services ("Frontier") today announced the formation of Frontier Midstream Solutions IV ("Frontier IV"). The newly formed Frontier IV will pursue new midstream opportunities by taking advantage of Frontier's deep understanding of and experience in the Permian and other leading basins.

The Frontier management team has successfully invested over $1.5 billion of capital in the midstream industry and since 2002 completed 16 major midstream projects across six states culminating in 1.3 BCF/d of gathering and processing capacity, 415 MMCF/d of natural gas treating capability, more than 4,000 miles of natural gas gathering and transmission pipeline as well as 300,000 barrels of crude oil storage and 400 miles of crude gathering and related facilities. Most recently, Frontier built and operated the Alpha Crude Connector – a 400-mile crude oil pipeline transmission system in the Northern Delaware Basin. In January 2017, Frontier and joint venture partner Concho Resources sold their respective ownership interests in the Alpha Crude Connector to Plains All American Pipeline for a combined total of $1.215 billion.

"Frontier is proud to continue its legacy business by partnering for the fourth time with Energy Spectrum Capital to continue our prosperous 15-year relationship," said Frontier President and CEO, Dave Presley. "Energy Spectrum Capital has been an outstanding partner offering unwavering support and deep experience that has led to successful ventures year after year. We look forward to expanding on the momentum achieved with the recent Alpha Crude Connector project to build assets that will result in continued success for our producers and partners."

Frontier IV will pursue midstream opportunities with a specific focus on project areas that will leverage their management team's long-standing relationships, vast midstream experience and winning track record in the Permian Basin and other key plays across North America.

"As long-standing investors with Frontier, we are excited to continue our partnership as they enter this next phase in their evolution," said Energy Spectrum Capital President Tom Whitener. "Frontier IV brings together some of the most talented and experienced investors and operators in the U.S. midstream marketplace. We look forward to helping it succeed."

Frontier is proud of its more than 40 years leading commercial development of midstream oil and natural gas assets. Led by Dave Presley, Founder & CEO, Frontier's management team has more than 250 years combined experience in the industry. "I am honored to work with talented individuals like Robert Shain, Chief Operating Officer; Ken Snyder, Chief Commercial Officer and Kelly Wood, Chief Financial Officer, who our customers know for their integrity, know-how and expertise," Presley said. "And, I am delighted to welcome Regina Gregory back to the Frontier management team as Senior Vice President & General Counsel."

Ms. Gregory served as Vice President & General Counsel at Frontier in 2002 when the company first partnered with Energy Spectrum Capital. Since then, she honed her skills in senior leadership roles at American Midstream Partners, Traverse Midstream, Access Midstream and Chesapeake Midstream and was previously with the law firms of Fulbright & Jaworski and Jones Day.

About Energy Spectrum Capital

Energy Spectrum Capital, headquartered in Dallas, Texas, is a midstream-focused private equity firm that has raised over $3.5 billion in capital commitments to invest in North American energy infrastructure. Since its inception in 1996, Energy Spectrum Capital has sponsored over 50 portfolio companies. For more information, please visit www.energyspectrumcapital.com.

About Frontier Energy Services, LLC

Frontier Energy Services, headquartered in Tulsa, Oklahoma, is a full-service, midstream energy company that specializes in the acquisition and commercial development of oil and natural gas midstream assets, including gathering, compression, processing, storage and treating facilities, and the marketing of oil, natural gas and natural gas liquids. Frontier was founded by Dave Presley in 2002. Its management team represents more than 250 years of combined experience in all phases of the oil and natural gas industry.

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Midstream Business Honors Top Energy Firms with Inaugural "Excellence Awards"

July 26, 2016

HOUSTON, Texas -- (Hart Energy) -- Midstream Business magazine will highlight the recipients of its 2015 Excellence Awards in its upcoming July-August issue. The awards will be presented as part of Hart Energy's 2nd annual MIDSTREAM Texas conference and exhibition, September 12-14 at the Henry B. Gonzalez Convention Center in San Antonio, TX.

Project of the Year: Alpha Crude Connector LLC (ACC), a joint venture between Frontier Energy Services LLC and Concho Resources Inc.

Built at a cost of more than $250 million, ACC is a common carrier, 500+ mile crude pipeline gathering system that serves the northern end of the prolific Delaware Basin of Texas and New Mexico. It began service in late 2015. It can move over 100,000 barrels per day (bbl/d) to downstream customers – delivering crude into three pipelines that serve the Midland, Texas, and Cushing, Oklahoma crude markets; local refinery demand; and a rail terminal. The system has 320,000 bbl/d of storage, plus a four-bay truck terminal. The partners designed the system for expansion and added multiple customers during a series of open seasons.

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Alpha Crude Connector, LLC Announces Additional Open Season

May 1, 2016

TULSA, Okla. -- (BUSINESS WIRE) -- Alpha Crude Connector, LLC ("Alpha") today announced it intends to conduct an additional Open Season for the Alpha Crude Connector Pipeline (the "Pipeline" or the "System"), a recently constructed FERC regulated, crude oil transportation pipeline located in Lea and Eddy Counties, New Mexico and Culberson, Loving, Reeves and Winkler Counties, Texas. The System came online in November 2015 and consists of approximately 400 miles of crude oil transportation pipeline capable of transporting over 100,000 barrels per day of crude oil from numerous lease tank batteries and other field receipt points, including the outlet of the Red Hills truck unloading facility, in the northern Delaware Basin. The System will have over 300,000 barrels of operational breakout storage to provide increased reliability to shippers. By bidding for capacity on the Pipeline, producers and marketers can enjoy the option to deliver crude through the System to multiple downstream pipelines and a rail terminal, providing access to local refineries, Cushing and the US Gulf Coast.

Open Season

Alpha intends to conduct an additional Open Season to obtain long‐term acreage or long‐term volume commitments for this new crude oil transportation System. This new Open Season will provide an opportunity for interested shippers to present bids for long term transportation commitments for capacity rights at competitive rates.

Open Season Process

The new Open Season is scheduled to begin on May 1, 2016 and end on May 31, 2016. All bids must be submitted to Alpha by 5:00 pm, Central Daylight Time, on or before May 31, 2016. All requests for Open Season documents, presentation of bids, and other correspondence should be directed to:

Disclaimer

This notification together with any and all documents related to the Open Season is provided for informational purposes only. Notwithstanding anything contained herein to the contrary, this notification, any related agreements and any other documents related to the Open Season are not intended to constitute, nor shall they be construed to constitute, an offer or any binding obligation whatsoever on Alpha until Alpha has countersigned and delivered a fully executed Committed Shipper Agreement (as defined in the Open Season Procedures) to an interested party. Alpha reserves the right, in its sole discretion, to modify, terminate or extend the Open Season, in whole or in part, at any time and without advance notice, including without limitation, any ensuing discussions with any recipient of any documents related to the Open Season. Alpha further reserves the right to modify or supplement any of the documents associated with the Open Season without notice.

Under no circumstances shall Alpha or any of its members or any of its or their affiliated companies or any of its or their respective directors, officers, employees, agents, attorneys, advisers and representatives be responsible for any costs or expenses incurred by any recipient of any documents associated with the Open Season or any other liability incurred by any such recipient in connection with any investigation or evaluation of the Pipeline project.

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Alpha Crude Connector, LLC Announces Open Season

October 1, 2015

TULSA, Okla. -- (BUSINESS WIRE) -- Alpha Crude Connector, LLC ("Alpha") today announced it intends to conduct an Open Season for the Alpha Crude Connector Pipeline (the "Pipeline" or the "System"), a new FERC regulated, crude oil transportation pipeline being constructed in Lea and Eddy Counties New Mexico and Culberson, Loving, Reeves and Winkler Counties, Texas. The Pipeline will have the capacity to accept over 100,000 barrels per day of crude oil from numerous lease tank batteries and other field receipt points and a truck terminal in the northern Delaware Basin. By bidding for capacity on the Pipeline, producers and marketers can enjoy the option to deliver crude through the System to multiple downstream pipelines and a rail terminal, providing access to local refineries, Cushing and the US Gulf Coast.

Open Season

Alpha intends to conduct an Open Season to obtain long-term acreage or long-term volume commitments for this new crude oil transportation System. The Open Season will provide an opportunity for interested shippers to present bids for long term transportation commitments for capacity rights at competitive rates. The Pipeline is projected to be in service in November 2015.

Open Season Process

The Open Season is scheduled to begin on October 1, 2015 and end on October 31, 2015. All bids must be submitted to Alpha by 5:00 pm, Central Standard Time, on or before October 31, 2015. All requests for Open Season documents, presentation of bids, and other correspondence should be directed to:

Disclaimer

This notification together with any and all documents related to the Open Season is provided for informational purposes only. Notwithstanding anything contained herein to the contrary, this notification, any related agreements and any other documents related to the Open Season are not intended to constitute, nor shall they be construed to constitute, an offer or any binding obligation whatsoever on Alpha until Alpha has countersigned and delivered a fully executed Committed Shipper Agreement (as defined in the Open Season Procedures) to an interested party. Alpha reserves the right, in its sole discretion, to modify, terminate or extend the Open Season, in whole or in part, at any time and without advance notice, including without limitation, any ensuing discussions with any recipient of any documents related to the Open Season. Alpha further reserves the right to modify or supplement any of the documents associated with the Open Season without notice.

Under no circumstances shall Alpha or any of its members or any of its or their affiliated companies or any of its or their respective directors, officers, employees, agents, attorneys, advisers and representatives be responsible for any costs or expenses incurred by any recipient of any documents associated with the Open Season or any other liability incurred by any such recipient in connection with any investigation or evaluation of the Pipeline project.

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Alpha Crude Connector, LLC Announces Start of Construction of Delaware Basin Pipeline

June 4, 2015

TULSA, Okla. -- (BUSINESS WIRE) -- Alpha Crude Connector, LLC ("Alpha") today announced it has received all necessary permits and has begun construction of its 400 mile Alpha Crude Connector Pipeline. The new pipeline is a FERC regulated, crude oil transportation pipeline serving Lea and Eddy Counties, New Mexico and Culberson, Loving, Reeves and Winkler Counties, Texas.

The system will have capacity to accept over 100,000 barrels per day of crude oil from over 250 lease tank batteries, other local pipeline systems, and truck terminals in the Northern Delaware Basin. Shippers will have access to multiple downstream pipelines and a rail terminal, providing markets at local refineries, Cushing and the US Gulf Coast. Construction is scheduled to be completed in November 2015.

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Alpha Crude Connector, LLC Announces Successful Open Season, Project Approval to Proceed with the Alpha Pipeline Project and Initiation of a Second Open Season

June 2, 2014

TULSA, Okla. -- (BUSINESS WIRE) -- Alpha Crude Connector, LLC ("Alpha") today announced a successful open season for the Alpha Crude Connector Pipeline (the "Pipeline" or the "System"), a new FERC regulated, crude oil transportation pipeline to be located in Lea and Eddy Counties New Mexico and Culberson, Loving, Reeves and Winkler Counties, Texas. Having received sufficient binding commitments, Alpha's owners have determined to proceed with the Pipeline.

The Pipeline will have the capacity to accept over 100,000 barrels per day of crude oil from numerous lease tank batteries and other field receipt points and a truck terminal in the northern Delaware Basin. Shippers will have the ability to deliver crude through the System to multiple downstream pipelines and a rail terminal, providing access to local refineries, Cushing and the US Gulf Coast. The Pipeline is projected to be in service in the second half of 2015.

Second Open Season

Alpha intends to conduct a Second Open Season to explore obtaining additional binding long-term acreage or long-term volume commitments for this new crude oil transportation System. The Second Open Season will provide an additional opportunity for interested shippers to secure long term transportation commitments for certain capacity rights at competitive rates. "We are pleased to launch a Second Open Season for the Alpha Crude Connector Pipeline", said Dave Presley, President and Chief Executive Officer of Frontier Energy Partners, LLC. All interested parties who signed a Confidentiality Agreement for the First Open Season are automatically entitled to receive information relative to the Second Open Season.

Second Open Season Process

The Second Open Season is scheduled to begin on July 2, 2014 and end on November 4, 2014. All bids must be submitted to Alpha by 5:00 pm, Central Standard Time, on or before November 4, 2014. All requests for Open Season documents, presentation of bids, and other correspondence should be directed to:

Disclaimer

This notification along together with any and all documents related to the Second Open Season is provided for informational purposes only. Notwithstanding anything contained herein to the contrary, this notification, any related agreements and any other documents related to the Second Open Season are not intended to constitute, nor shall they be construed to constitute, an offer or any binding obligation whatsoever on Alpha to proceed with the potential Pipeline project contemplated by the Second Open Season until Alpha has countersigned and delivered a fully executed Committed Shipper Agreement (as defined in the Open Season Procedures) to an interested party. Alpha reserves the right, in its sole discretion, to modify, terminate or extend the Second Open Season, in whole or in part, at any time and without advance notice, including without limitation, any ensuing discussions with any recipient of any documents related to the Second Open Season. Alpha further reserves the right to modify or supplement any of the documents associated with the Second Open Season without notice.

Under no circumstances shall Alpha or any of its members or any of its or their affiliated companies or any of its or their respective directors, officers, employees, agents, attorneys, advisers and representatives be responsible for any costs or expenses incurred by any recipient of any documents associated with the Second Open Season or any other liability incurred by any such recipient in connection with any investigation or evaluation of the Pipeline project.

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Alpha Crude Connector, LLC Announces Open Season

May 30, 2014

TULSA, Okla. -- (BUSINESS WIRE) -- Alpha Crude Connector, LLC ("Alpha") today announced it intends to conduct an Open Season for the Alpha Crude Connector Pipeline (the "Pipeline" or the "System"), a new FERC regulated, crude oil transportation pipeline to be located in Lea and Eddy Counties New Mexico and Culberson, Loving, Reeves and Winkler Counties, Texas. The Pipeline will have the capacity to accept over 100,000 barrels per day of crude oil from numerous lease tank batteries and other field receipt points and a truck terminal in the northern Delaware Basin. By bidding for capacity on the Pipeline, producers and marketers can enjoy the option to deliver crude through the System to multiple downstream pipelines and a rail terminal, providing access to local refineries, Cushing and the US Gulf Coast.

Open Season

Alpha intends to conduct an Open Season to obtain long-term acreage or long-term volume commitments for this new crude oil transportation System. The Open Season will provide an opportunity for interested shippers to present bids for long term transportation commitments for capacity rights at competitive rates. The Pipeline is projected to be in service in the second half of 2015.

Open Season Process

The Open Season is scheduled to begin on June 2, 2014 and end on July 1, 2014. All bids must be submitted to Alpha by 5:00 pm, Central Standard Time, on or before July 1, 2014. All requests for Open Season documents, presentation of bids, and other correspondence should be directed to:

Disclaimer

This notification along together with any and all documents related to the Open Season is provided for informational purposes only. Notwithstanding anything contained herein to the contrary, this notification, any related agreements and any other documents related to the Open Season are not intended to constitute, nor shall they be construed to constitute, an offer or any binding obligation whatsoever on Alpha to proceed with the potential Pipeline project contemplated by the Open Season until Alpha has countersigned and delivered a fully executed Committed Shipper Agreement (as defined in the Open Season Procedures) to an interested party. Alpha reserves the right, in its sole discretion, to modify, terminate or extend the Open Season, in whole or in part, at any time and without advance notice, including without limitation, any ensuing discussions with any recipient of any documents related to the Open Season. Alpha further reserves the right to modify or supplement any of the documents associated with the Open Season without notice.

Under no circumstances shall Alpha or any of its members or any of its or their affiliated companies or any of its or their respective directors, officers, employees, agents, attorneys, advisers and representatives be responsible for any costs or expenses incurred by any recipient of any documents associated with the Open Season or any other liability incurred by any such recipient in connection with any investigation or evaluation of the Pipeline project.

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Frontier Midstream Solutions Announces Permian Basin Crude Oil Transportation System

May 13, 2014

TULSA, Okla. -- (BUSINESS WIRE) -- 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.

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 website at www.energyspectrumcapital.com.