Blueknight Energy Partner announces quarterly distribution

Tulsa-based Blueknight Energy Partners, L.P. has declared a quarterly cash distribution of 4 cents on its common units and $0.17875 on the Partnership’s preferred units.

The board of directors made the declaration. The third quarter distributions were the same as those declared for the second quarter of 2019.

The distributions will be payable on Nov. 14, 2019 to the unitholders of record as of the close of business on Nov. 4, 2019. Blueknight Energy Partners has 8.8 million barrels of liquid asphalt storage at 53 terminals in 26 states. It also has 6.9 million barrels of above-ground crude oil storage capacity in Oklahoma with 6.6 million barrels located at the Cushing Interchange terminalling facility in Cushing.

The company also has 646 miles of crude oil pipeline in Oklahoma and Texas and 60 crude oil transportation vehicles in Kansas, Oklahoma and Texas.