Frontier Energy Corp. (FRGY)

[georgie18]

FRGY...0006...Descending Wedge broken...and Psar is ready to flip to a bullish buy signal...I have been accumulating small amounts as the volume is very low...2 Billion a/s...Had first news in over a year...


Frontier Energy Services ("Frontier") 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.

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."

Frontier IV will pursue midstream opportunities with a specific focus on project areas that will leverage their management team's long-standing relationships, vast midstream experience and winning track record in the Permian Basin and other key plays across North America.

"As long-standing investors with Frontier, we are excited to continue our partnership as they enter this next phase in their evolution," said Energy Spectrum Capital President Tom Whitener. "Frontier IV brings together some of the most talented and experienced investors and operators in the U.S. midstream marketplace. We look forward to helping it succeed."

Frontier is proud of its more than 40 years leading commercial development of midstream oil and natural gas assets. Led by Dave Presley, Founder & CEO, Frontier's management team has more than 200 years combined experience in the industry. "I am honored to work with talented individuals like Robert Shain, Chief Operating Officer; Ken Snyder, Chief Commercial Officer; and Kelly Wood, Chief Financial Officer, who our customers know for their integrity, know-how and expertise," Presley said. "And, I am delighted to welcome Regina Gregory back to the Frontier management team as Senior Vice President & General Counsel."

Ms. Gregory served as Vice President & General Counsel at Frontier in 2002 when the company first partnered with Energy Spectrum Capital. Since then, she honed her skills in senior leadership roles at American Midstream Partners, Traverse Midstream, Access Midstream and Chesapeake Midstream and was previously with the law firms of Fulbright & Jaworski and Jones Day.

About Energy Spectrum Capital

Energy Spectrum Capital, headquartered in Dallas, Texas, is a midstream-focused private equity firm that has raised over $3.5 billion in capital commitments to invest in North American energy infrastructure. Since its inception in 1996, Energy Spectrum Capital has sponsored over 50 portfolio companies. For more information, please visit www.energyspectrumcapital.com.

About Frontier Energy Services, LLC

Frontier Energy Services, headquartered in Tulsa, Oklahoma, is a full-service, midstream energy company that specializes in the acquisition and commercial development of oil and natural gas midstream assets, including gathering, compression, processing, storage and treating facilities, and the marketing of oil, natural gas and natural gas liquids. Frontier was founded by Dave Presley in 2002. Its management team represents more than 200 years of combined experience in all phases of the oil and natural gas industry. For more information, please visit www.frontierenergyllc.com.

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SOURCE: Frontier Energy Services, LLC

Frontier Energy Services, LLC
Dave Presley, 918-388-8402
Chief Executive Officer