Frontier Energy Services Announces Formation of Frontier Midstream Solutions IV
Frontier Energy Services 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.
Through a partnership with Energy Spectrum Capital, 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.”
In other news, the company also announced the return of Regina Gregory as Senior Vice President & General Counsel.
Gregory served as Frontier’s Vice President & General Counsel in 2002 when the company first partnered with Energy Spectrum Capital. Since then, she has served in a variety of senior leadership roles at American Midstream Partners, Traverse Midstream, Access Midstream and Chesapeake Midstream, She also previously held positions at the law firms of Fulbright & Jaworski and Jones Day.
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- U.S. to Acquire 3 Million Barrels of Oil for Emergency Reserve in September
- AG&P LNG Acquires 49% Stake in Vietnam's Cai Mep LNG Terminal
- BP's Carbon Emissions Increase in 2023, Ending Decline Since 2019
- Texas Sues EPA Over Methane Emission Rules for Oil and Gas Sector
Comments