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Magellan Midstream Partners LP

Magellan Midstream Partners LP

Sector: Pipelines, Except Natural Gas Region: OK, United States


: | New York Stock Exchange: MMP


Magellan Midstream Partners LP transports, stores and distributes refined petroleum products. The company operates through three segments: Petroleum Pipeline System, Petroleum Terminals and Ammonia Pipeline System. The Petroleum Pipeline System segment includes approximately 9,600 miles of pipeline and 51 terminals that provide transportation, storage and distribution services. The Petroleum Pipeline System covers a 13-state area extending from Texas through the Midwest to Colorado, North Dakota, Minnesota, Wisconsin and Illinois. The products transported on Petroleum Pipeline System are primarily gasoline, distillates, LPGs, aviation fuels and crude oil. The Petroleum Terminals segment is comprised of storage terminals and inland terminals, which store and distribute petroleum products throughout 13 states. The storage terminals are comprised of six facilities that have marine access and are located near major refining hubs along the U.S. Gulf and East Coasts. Its 27 inland terminals are part of a distribution network located principally throughout the southeastern United States. These inland terminals are connected to large, third-party interstate pipelines and are utilized by retail suppliers, wholesalers and marketers to transfer gasoline and other petroleum products from these pipelines to trucks, railcars or barges for delivery to their final destination. The Ammonia Pipeline System segment consists of 1,100-mile ammonia pipeline and six company-owned terminals. The company was founded in August 2000 and is headquartered in Tulsa, OK.

Investor Calendar

Aug 5, 2014 1:30 pm | Q2 2014 Earnings Conference Call

Executives

Michael N. Mears, Chairman of the Board, President and Chief Executive Officer
Michael N. Mears currently serves as Chairman of the Board, President and Chief Executive Officer. He was previously Chief Operating Officer. From 2002 to 2007, he served as VP, Transportation and then as SVP, Terminals and Transportation from 2007 until 2008. Prior to joining Magellan in 2002, Mr. Mears served as a VP of subsidiaries of Williams from 1996 to 2003. He also worked in various management positions with Williams Pipe Line Company (now known as Magellan Pipeline Company, L.P.) since joining Williams in 1985.
Michael P. Osborne, SVP and Chief Financial Officer
Michael P. Osborne currently serves as SVP and Chief Financial Officer. He joined Magellan in November 2013 as our SVP, Finance and Accounting. Mr. Osborne formerly worked for Ernst & Young LLP from 1990 until joining Magellan, serving as an audit partner since 2002. While at Ernst & Young LLP, he primarily served public and private companies in the upstream and midstream energy industry.
Robert L. Barnes, Senior Vice President, Commercial – Crude Oil
Robert L. Barnes currently serves as Senior Vice President (“SVP”), Commercial – Crude Oil. He previously served as VP, Commercial – Crude Oil and Marine Terminals, for Magellan since March 2011. From 2007 through 2011, he served as VP, Terminals, and from 2003 through 2007 as Director, Marine Terminal Services. Prior to joining Magellan, he worked in various staff and management positions within marketing, business and commercial development, operations and environmental since joining The Williams Companies, Inc. (“Williams”) in 1987.
Larry J. Davied, SVP, Operations and Technical Services
Larry J. Davied currently serves as SVP, Operations and Technical Services. He was previously VP, Technical Services from 2007 until 2011 and served as Director, Technical Services from 2003 until 2007. Prior to joining Magellan, he worked for Williams as Director, System Integrity from 1998 to 2003. Mr. Davied was the General Manager, Technical Services with MAPCO, Inc. ("MAPCO") from 1993 to 1998. Prior to MAPCO, he worked in various field and engineering leadership positions in gas processing, liquid pipeline transportation, refining, chemical plants and terminals in the oil and gas industry.
Lisa J. Korner, SVP, Human Resources and Administration
Lisa J. Korner currently serves as SVP, Human Resources and Administration. She was previously VP, Human Resources. Prior to joining Magellan in 2002, she served as Executive Director of HR Strategy and HRIS for Williams from 2001 to 2002 and served as Director of Human Resources from 1999 to 2001. Ms. Korner also worked in various human resource management positions with MAPCO and Williams since 1989.
Douglas J. May, SVP, General Counsel, Compliance and Ethics Officer and Assistant Secretary
Douglas J. May currently serves as SVP, General Counsel, Compliance and Ethics Officer and Assistant Secretary. He served as VP and Assistant General Counsel from February 1, 2011 until January 2, 2012. Prior to joining Magellan in 2011, Mr. May was a shareholder at the Tulsa, Oklahoma office of GableGotwals law firm specializing in securities law, mergers and acquisitions and energy transactions. He was elected a GableGotwals shareholder in 2003 and served on the firm's board of directors from 2008 until 2011.
Brett C. Riley, SVP, Business Development
Brett C. Riley currently serves as SVP, Business Development. Prior to joining Magellan in 2003, Mr. Riley served as Director of Mergers & Acquisitions for a subsidiary of Williams from 2000 until 2003. He also served as Director of Financial Planning and Analysis for a subsidiary of Williams from 1998 to 2000. Mr. Riley also worked in various financial positions with MAPCO and Williams since 1992.
Jeff R. Selvidge, SVP, Commercial - Refined Products
Jeff R. Selvidge currently serves as SVP, Commercial - Refined Products. He was VP, Transportation from 2007 to 2011. From 2003 through 2007, he served as Director, Transportation Marketing and Development. Prior to joining Magellan, he worked for Williams in a variety of roles in the commercial group since joining Williams in 1990. From 1985 through 1990, Mr. Selvidge worked for Conoco in various midstream positions including Engineer, District Engineer for the West Texas/Rockies area and Business Development in the natural gas gathering, process and natural gas liquids business.

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