Beta Crude Connector is targeting initial crude flows in mid-2019 - backed by Energy Spectrum Capital

Concho Resources Inc. (NYSE: CXO)  and Frontier Midstream Solutions IV, LLC will create Beta Crude Connector, LLC, an entity that will build and provide crude oil gathering, transportation in the Northern Midland Basin.

Concho and Frontier will each own a 50% equity interest in Beta Crude Connector, with Frontier serving as the operator.

The new infrastructure 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, accessin...

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