Magellan Midstream Partners
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][4] 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."[5] HistoryThe company went public through an initial public offering in February 2006 with a listing on the New York Stock Exchange.[6][3] Company executives, including its CEO Michael Mears, rang the NYSE closing bell on February 8, 2016.[7] In May 2023, midstream energy services provider Oneok agreed to acquire Magellan in a cash-and-stock transaction valued at US$18.8 billion, including debt.[8][9] The transaction completed in September 2023 and Magellan became a fully owned subsidiary of Oneok.[4] References
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