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. 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.
