BKEPBoosted Kinetic-Energy Penetrator
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BKEP previously announced a fourth quarter 2015 cash distribution of $0.1450 per common unit, which is equal to the previous quarter's distribution and a 6.2% increase over the fourth quarter 2014 distribution.
Axeon, or its predecessor, has been a customer of BKEP since 2009 and currently leases other BKEP-owned facilities in the region.
BKEP recorded net income of $23.3 million on total revenues of $136.1 million for the nine months ended September 30, 2015 compared to net income of $18.8 million on total revenues of $140.6 million for the same period in 2014.
A 65-mile pipeline from southern Oklahoma to Wynnewood, Oklahoma, the Arbuckle pipeline intersects BKEP's existing Oklahoma mainline system and was constructed under a long-term transportation agreement with XTO Energy Inc, a subsidiary of Exxon Mobil Corporation, to transport committed XTO crude oil production from the Woodford Shale area in Southern Oklahoma to BKEP's crude oil terminal in Cushing, Oklahoma.
Subject to commitments from shippers, BKEP and Silverado intend to form a joint venture to manage the reactivation of the pipeline and BKEP would operate the pipeline under a long-term agreement with Silverado.
BKEP owns and operates a diversified portfolio of complementary midstream energy assets consisting of: 8.8 million barrels of liquid asphalt storage located at 53 terminals in 26 states; 6.9 million barrels of above-ground crude oil storage capacity located primarily in Oklahoma, approximately 6.6 million barrels of which are located at the Cushing Interchange terminalling facility in Cushing, Oklahoma; 646 miles of crude oil pipeline located primarily in Oklahoma and Texas and 60 crude oil transportation vehicles deployed in Kansas, Oklahoma and Texas.
Kingfisher Midstream, a wholly owned subsidiary of Alta Mesa Resources (AMR), Blueknight Energy Partners (BKEP) and affiliates of Ergon, announced the execution of definitive agreements to form Cimarron Express Pipeline.
(NASDAQ: BKEP) plans to acquire two asphalt terminalling facilities located in Bainbridge, Georgia, and Muskogee, Oklahoma, the company said.
"We have received strong interest from current customers and positive feedback from prospective customers regarding our new condensate pipeline project," said Mark Hurley, BKEP's CEO.
('BKEP' or the 'Partnership') (NASDAQ: BKEP) (NASDAQ: BKEPP), plans to release second quarter 2019 financial results after market close on Wednesday, August 7, 2019.
Terril Brothers cut its stake in BKEP in a recent filing with the Securities and Exchange Commission.
Tenders are invited for Supply of one set of fully automatic 12 kV insulation power factor tan - delta test kit for BKEP,Balimela including branded laptop & all necessary software with training & demonstration, under PSDF Scheme Document cost : INR 7080 Opening date : 22 Jun 2018