Magellan Midstream Partners Elects Independent Board Member

TULSA, Okla. – The board of directors for the general partner of Magellan Midstream Partners, L.P. (NYSE: MMP) has elected James R. Montague as an independent board member. Montague will also serve on the board's audit, compensation and conflicts committees. The one remaining independent director seat is expected to be filled in the near future.

Montague, 56, is a retired executive of International Paper Company. His 31-year career there encompassed a broad range of businesses with primary emphasis in the petroleum industry, and his responsibilities included acquisitions, strategic planning and operational management. Prior to retirement in 2001, he served as general manager of the Petroleum and Minerals division and president of IP Petroleum Company.

Following his retirement from International Paper, Montague served through 2002 as president of Encana Gulf of Mexico LLC where he was responsible for oil and gas exploration and development activities.

“We are very pleased that Jim has agreed to serve as an independent director on our board,” said Don Wellendorf, chief executive officer. “His extensive experience in various sectors of the petroleum industry will complement our board nicely.”

Montague received a bachelor's degree from Texas A&M University. He also serves as a director of Penn Virginia Resource Partners, L.P. and an executive committee member for the U.S. Oil and Gas Association and the Texas Oil and Gas Association.

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. More information is available at www.magellanlp.com.


Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the partnership believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the partnership's filings with the Securities and Exchange Commission. 

Contact Information:

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