www.magellanlp.com

09/02/2003


Williams Energy Partners Changes Name to Magellan Midstream Partners

TULSA, Okla. - As previously announced, Williams Energy Partners L.P. (NYSE:WEG) changed its name to Magellan Midstream Partners, L.P. effective Sept. 1. The partnership's common units begin trading today on the New York Stock Exchange under the ticker symbol "MMP".

 

About Magellan Midstream Partners, L.P.

Magellan Midstream Partners, L.P., formerly Williams Energy Partners L.P., is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products and ammonia. More information is available at www.magellanlp.com.

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Portions of this document may constitute "forward-looking statements" as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price for crude oil, changes in demand for refined petroleum products, adverse developments affecting our ammonia pipeline customers, changes in federal government policies affecting farm subsidies, changes to cost estimates relating to specific acquisitions, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements). These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission.


Contact Information:

Paula Farrell Investor Relations 918-574-7650 paula.farrell@magellanlp.com