TULSA, Okla.—Beta Crude Connector LLC (BCC), through its manager, Frontier Midstream Solutions IV LLC, Oct. 30 announced an open season for its FERC-regulated, crude oil pipeline located in Andrews, Ector, Martin and Midland counties, Texas.
Upon completion of the full system build-out, the BCC system will consist of approximately 100 miles of crude oil transportation pipeline and approximately 200,000 barrels of operational storage. The BCC system will have the capacity to accept over 150,000 barrels per day of crude oil from numerous lease tank batteries and other field receipt points in the Midland Basin of West Texas for delivery to multiple downstream pipelines, providing access to local refineries, Cushing, Okla., and the U.S. Gulf Coast.
BCC intends to conduct an open season to obtain long-term acreage dedications for the BCC system, which is projected to go into service in first-quarter 2021.
Open Season Process
The Open Season began on Nov. 1 and will end on Nov. 30. All bids must be submitted to BCC by 5 p.m. Central Time, on or before Nov. 30, 2020. Additional information regarding the BCC system 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:
Vice President of Planning
Whiting Petroleum, an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum, two people familiar with the matter told Reuters.
In September, a little-known company began buying up leasehold in Montana and North Dakota. The purchases were mysterious for both sensible and confounding reasons.
Here’s a snapshot of energy deals from the past week including Williams’ $3.8 billion JV in the Marcellus/Utica and a Delaware Basin bolt-on by Contango Oil & Gas.