Oklahoma business brief for Jan. 22

Oklahoma business brief for Jan. 22
Published: January 22, 2013
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Compressco's distribution rises

Compressco Partners LP will pay a cash distribution of 42 cents per unit, the company announced late Friday. The distribution will be paid Feb. 15. It is 2.25 cents higher than the previous quarter. “We are very pleased that our strong 2012 performance has enabled us to increase our distribution for the second consecutive quarter,” President Ronald J. Foster said. “While this rate of increase in our distribution may not continue, we anticipate future distribution increases to correspond with the expected growth of our business.”

From Staff Reports