Blueknight Energy Declares Cash Distribution

A 14-cent-a-share cash distribution was announced this week by Oklahoma City-based Blueknight Energy Partners, L.P.

The amount was unchanged from the partnership’s fourth quarter 2017 distribution.  The distributions are payable May 15, 2018 on all outstanding common and preferred units to unitholders of record as of the close of business on May 4, 2018.

The distribution comes as Blueknight moves forward with operations involving 10.4 million barrels of liquid asphalt storage at 56 terminals in 26 states. It also has nearly 7 million barrels of above-ground crude oil storage capacity, most in Oklahoma at the Cushing Interchange.

The company also maintains 655 miles of crude oil pipeline in Oklahoma and Texas and 150 crude oil transportation and oilfield services vehicles in Oklahoma, Texas and Kansas.