EL PASO, Texas, Oct. 16, 2015 (GLOBE NEWSWIRE) -- Western Refining, Inc. (NYSE:WNR) today announced its Board of Directors approved a $0.38 per share dividend for the fourth quarter of 2015, a 12% increase from the $0.34 per share dividend paid in the third quarter of 2015. The dividend will be paid on November 12, 2015, to shareholders of record at the close of market on October 27, 2015.
About Western Refining Western Refining, Inc. is an independent refining and marketing company headquartered in El Paso, Texas. The refining segment operates refineries in El Paso, and Gallup, New Mexico. The retail segment includes retail service stations, convenience stores, and unmanned fleet fueling locations in Arizona, Colorado, New Mexico, and Texas.
Western Refining, Inc. also owns the general partner and approximately 66% of the limited partnership interest in Western Refining Logistics, LP (NYSE:WNRL) and the general partner and approximately 38% of the limited partnership interest in Northern Tier Energy LP (NYSE:NTI).
More information about Western Refining is available at www.wnr.com.
Investor and Analyst Contact:
Jeffrey S. Beyersdorfer
Hedging programs that E&Ps have in place in 2016 vary considerably. The chart below shows the range of oil and gas production for several E&Ps covered by hedging contracts. Pioneer Natural Resources (ticker: PXD) and Cimarex Energy (ticker: XEC) have hedged the largest portions of their remaining production at 85/75 and 80/90 percent, respectively, for oil and gas. This chart[Read More…]
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