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Sunday, January 3, 2010, 4:45AM ET - U.S. Markets Closed. Dow Down 1.14% Nasdaq Down 0.97%
Magellan Midstream Partners LP (MMP)On Dec 31: 43.33  Up 0.16 (0.37%)  
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Magellan Midstream Partners LP
One Williams Center
Tulsa, OK 74172
United States - Map
Phone: 918-574-7000
Fax: 918-573-6714
Web Site: http://www.magellanlp.com

DETAILS 
Index Membership:N/A
Sector:Basic Materials
Industry:Oil & Gas Pipelines
Full Time Employees:N/A

BUSINESS SUMMARY 
Magellan Midstream Partners, L.P., together with its subsidiaries, engages in the transportation, storage, and distribution of refined petroleum products in the United States. Its pipeline system transports petroleum products and liquefied petroleum gases from the Gulf Coast refining region of Texas through the Midwest to Colorado, North Dakota, Minnesota, Wisconsin, and Illinois. The company owns and operates marine terminals, which are storage and distribution facilities that handle refined petroleum products, blendstocks, ethanol, heavy oils, feedstocks, crude oils, and condensates, as well as inland terminals that consist of multiple storage tanks connected to third-party pipeline systems to deliver refined petroleum products transported on common carrier interstate pipelines. Its ammonia pipeline system transports ammonia from production facilities in Texas and Oklahoma to terminals in the Midwest. As of December 31, 2008 the company operated approximately 8,700-mile petroleum products pipeline system, including 49 petroleum products terminals; 7 petroleum products terminal facilities located along the United States Gulf and East Coasts; 27 petroleum products terminals located principally in the southeastern United States; and a 1,100-mile ammonia pipeline system serving the mid-continent region of the United States. It also provides ancillary services, such as heating, blending, and mixing of stored products and additive injection services. The company’s customers include independent and integrated oil companies, wholesalers, retailers, railroads, airlines, and regional farm co-operatives. It serves various markets, including retail gasoline stations, truck stops, farm co-operatives, railroad fueling depots, and military and commercial jet fuel users. Magellan GP, LLC serves as the general partner of the company. The company was founded in 2000 and is based in Tulsa, Oklahoma.
Key Statistics

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    CORPORATE GOVERNANCE 
    Magellan Midstream Partners LP's Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 38.3% of CGQ Universe companies and 19.5% of Energy companies.
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    KEY EXECUTIVES 
     PayExercised
    Mr. Donald R. Wellendorf , 57
    Chairman of Magellan GP LLC, Chief Exec. Officer of Magellan GP LLC and Pres of Magellan GP LLC
    N/A N/A
    Mr. John D. Chandler , 40
    Chief Financial Officer of Magellan GP LLC, Principal Accounting Office of Magellan GP LLC, Sr. VP of Magellan GP LLC and Treasurer of Magellan GP LLC
    N/A N/A
    Mr. Michael N. Mears , 47
    Chief Operating Officer of Magellan Gp LLC
    N/A N/A
    Mr. Rick Olson , 52
    Sr. VP of Operations and Technical Services of Magellan GP LLC
    N/A N/A
    Mr. Lonny E. Townsend , 53
    Sr. VP of Magellan GP LLC, Compliance & Ethics Officer of Magellan GP LLC, Assistant Sec. of Magellan GP LLC and Gen. Counsel of Magellan GP LLC
    $ 349.00KN/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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