Magellan Midstream Partners, L.P. is an American energy pipeline operator based in Tulsa, Oklahoma that primarily transports, stores and distributes refined petroleum products and crude oil.[3]
It owns ammonia and petroleum pipelines in the Mid-Continent oil province.[3] According to the United States Department of State, it owns "83 petroleum products terminals, more than 9,000 miles of refined products pipeline, 800 miles of crude oil pipeline and a 1,100-mile ammonia pipeline system."[4]
History
The company went public through an initial public offering in February 2006 with a listing on the New York Stock Exchange.[5][3] Company executives, including its CEO Michael Mears, rang the NYSE closing bell on February 8, 2016.[6]
In May 2023, midstream energy services provider Oneok agreed to acquire Magellan in a cash-and-stock transaction valued at US$18.8billion, including debt.[7][8] The transaction completed in September 2023 and Magellan became a fully owned subsidiary of Oneok.[9]
References
- Magellan Names Aaron Milford New CEO; Michael Mears To Retire RTT News, 26 January 2022, retrieved 11 September 2025^
- 2022 Annual Report (Form 10-K) US Securities and Exchange Commission, February 21, 2023^
- Magellan Midstream Partners LP Bloomberg Business, retrieved February 8, 2016^
- Magellan (Magellan Pipeline) United States Department of State, retrieved February 8, 2016^
- Adam Wilmoth. Magellan Holdings' IPO raises $539 million The Oklahoman, February 11, 2006^
- Events New York Stock Exchange, retrieved February 8, 2016^
- Jyoti Narayan, David French. US pipeline operator ONEOK moves into oil, products with $18.8 billion Magellan deal Reuters, May 15, 2023^
- Robby Korth. Oklahoma pipeline company ONEOK will acquire Magellan Midstream Partners in $18.8 billion deal KOSU, 2023-05-16, retrieved 2025-09-11^
- Michael Dekker. ONEOK's $18.8B buyout of Magellan becomes official Tulsa World, September 26, 2023^