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. Certain additional information
regarding the Pipeline and the Open Season can be found at www.frontierenergyllc.com.
All requests for Open Season documents, presentation of bids, and other
correspondence should be directed to:
Mindy Stephens
Vice President of Supply and Marketing
(918)
388-8403
mstephens@frontierenergyllc.com
Alpha Crude Connector, LLC
c/o Frontier Energy
Partners, LLC as Manager
4200 E. Skelly Drive
Suite
400
Tulsa, OK 74135-3256
(918)
388-8438
www.frontierenergyllc.com
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160429005700/en/
Copyright Business Wire 2016
Source: Business Wire
(April 29, 2016 - 10:18 AM EDT)
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