Magellan Midstream Partners Expands Petroleum Products Pipeline with Addition of System Terminals

TULSA, Okla. – Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has acquired two refined petroleum products terminals that are connected to its 8,500-mile petroleum products pipeline system.

The terminals include 0.4 million barrels of combined usable storage capacity and are located in Wichita, Kansas and Aledo, Texas, which is near Ft. Worth. Both were acquired from privately-held companies.

“The acquisition of these system terminals, which are connected to the pipeline assets we acquired in Oct. 2004, will provide more options for our customers and attract more barrels into our pipeline system,” said Don Wellendorf, chief executive officer.

The partnership's petroleum products pipeline system is the longest common carrier pipeline in the United States for refined petroleum products and liquefied petroleum gases (LPGs). With the addition of the newly-acquired terminals, the pipeline system now includes 45 terminals and total usable storage capacity of almost 27 million barrels.

In addition, the partnership owns 29 inland terminals connected to third-party pipelines primarily in the southeastern United States and seven marine storage facilities located in Texas, Louisiana, Delaware and Connecticut. The partnership's overall usable storage capacity is now approximately 53 million barrels.

About Magellan Midstream Partners, L.P.  

Magellan Midstream 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 http://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. 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