Frontier Midstream Solutions Fund III

In May 2014, Frontier Midstream Solutions III (“Frontier III”) entered into a joint venture agreement with Concho Resources (NYSE: CXO) to develop a greenfield crude oil gathering and transportation system in southeast New Mexico (the “Alpha Crude Connector” or “ACC”) anchored by an acreage dedication from Concho. Frontier III was able to secure additional acreage dedications over the next two years to supplement its dedication from Concho. In January 2017, Frontier III sold its interest in the ACC to Plains All American (NYSE: PAA).

Frontier III was the third partnership between management and Energy Spectrum.