Magellan Midstream Partners Announces Death of Director

TULSA, Okla. – Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that John P. DesBarres, a director of the partnership’s general partner, passed away on Mon., Dec. 29.  Mr. DesBarres had served as a director since May 19, 2005.  Mr. DesBarres also was chairman of the Compensation Committee and one of three members of the Audit Committee.

“John’s business judgment and knowledge of our industry developed through years of experience were very valuable assets to Magellan,” said Don Wellendorf, chief executive officer.  “He will be greatly missed both personally and professionally.”

The company indicated that a search for a replacement for Mr. DesBarres, who was one of three independent members of the seven-seat board, will begin immediately.

About Magellan Midstream Partners, L.P.

Magellan Midstream Partners, L.P. (NYSE: MMP) 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 http://www.magellanlp.com. MMP’s general partner interest and related incentive distribution rights are owned by Magellan Midstream Holdings, L.P. (NYSE: MGG).


Portions of this document may constitute forward-looking statements as defined by federal law. Although management believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. 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