A quarterly cash distribution of $0.1450 per common unit was announced this week by Oklahoma City-based Blueknight Energy Partners.
The board of directors declared the distribution which was unchanged from the Partnership’s second quarter 2017 distribution. Payments will be made Nov. 14 on outstanding common and preferred units to unitholders of record as of the close of business Nov. 3, 2017.
The company maintains storage of an estimated 7 million barrels of crude oil in Oklahoma and Texas. Most of it, about 6.6 million is located at the Cushing Interchange. It also has 70 miles of crude oil pipeline in the two states along with 200 crude oil transportation and oilfield services vehicles in Kansas, Oklahoma and Texas.