BNET Industries
Market Cap:$4.2B
Last Fiscal Year Sales:$1.2B
- Public
- US
Dow Jones Description
Transporter, Distributor & Warehouser of Refined Petroleum Products & Ammonia
Number of Employees 1,204
Peer Companies
NAICS Code Pipeline Transportation of Refined Petroleum Products: 486910
Recent Events
-
Gas shipments boost Magellan's third quarter: The company is planning growth capital projects.
-
Magellan Midstream to Announce Third-Quarter Earnings on Nov. 3
-
Magellan Midstream Partners Announces Second-Quarter Results Above Guidance
-
Magellan Buys Bankrupt Longhorn’s Assets
-
Magellan Midstream Partners Announces Addition of Board Member
News & Analysis
Filter by
magellan midstream partners lp - All News and Analysis
The Top 10 Lowest Standard Deviation MLPs
Mark Barath submits: MLP Defined A MLP is a master limited partnership. MLPs are publicly traded limited partnerships and operate in the natural resource, financial services, and real estate industries. MLPs have a significant tax advantage over other public companies; MLPs are not subject to the double taxation of...
FTC approves Tulsa, Okla.-based Magellan's pipeline, terminals buy from Shell.
By Russell Ray, Tulsa World, Okla. Knight Ridder/Tribune Business News Sep. 30--The company is purchasing 2,000 miles of pipelines and terminals from Shell. The Federal Trade Commission on Wednesday approved Magellan Midstream Partners LP's $492.4 million purchase of Royal...
Tulsa, Okla.-based Magellan must sell Oklahoma City terminal in pipeline deal.
By Jim Stafford, The Daily Oklahoman Knight Ridder/Tribune Business News Sep. 30--Tulsa-based Magellan Midstream Partners LP won federal approval Wednesday of its $492.4 million purchase of Shell Oil pipelines -- with a couple of strings attached. The Federal Trade...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Don R. Wellendorf | CEO |
| John D. Chandler | Chief Financial Officer |
| Mike Mears | COO |
| Brett C. Riley | Senior Vice President, Business Dev |
| Lisa J. Korner | Senior Vice President, HR & Admin |
| Lonny E. Townsend | General Counsel, Senior Vice President, Assistant Secretary & Compliance & Ethics Officer |
| Richard A. Olson | Senior Vice President, Operations & Technology Services |
| Thomas T. Macejko, JR | General Partner |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| James R. Montague | Board of Directors |
| John P. Desbarres | Board of Directors |
| N John Lancaster | Board of Directors |
| Patrick C. Eilers | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Magellan Midstream Partners, L.P. | CEO | Current |
| Magellan Midstream Holdings, L.P. | Chairman, President & CEO | Current |
| Magellan Midstream Partners, L.P. | President | Current |
| Magellan Midstream Partners, L.P. | Chairman | Current |
| Magellan Midstream Partners, L.P. | Director | Former |
John D. Chandler currently serves as Vice President, Chief Financial Officer (“CFO”) and Treasurer. He also serves as Senior Vice President, CFO and Treasurer of the general partner of Magellan Midstream Partners, L.P. (“MMP”) and Vice President, CFO and Treasurer of MGG Midstream Holdings, L.P. (“MGG Holdings GP”). He was Director of Financial Planning and Analysis and Director of Strategic Development for a subsidiary of The Williams Companies, Inc. (“Williams”) from 1999 to July 2002, including working for MMP since its inception in 2000. Prior to Williams’ merger with MAPCO, Inc. (“MAPCO”), Mr. Chandler held various accounting and finance positions since joining MAPCO in 1992.
| Organization | Position | Status |
|---|---|---|
| Magellan Midstream Partners, L.P. | Chief Financial Officer | Current |
| Magellan Midstream Holdings, L.P. | Chief Financial Officer | Current |
| Magellan Midstream Partners, L.P. | Vice President | Current |
| Magellan Midstream Holdings, L.P. | Treasurer | Current |
| Magellan Midstream Holdings, L.P. | Vice President | Former |
| Magellan Midstream Partners, L.P. | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Magellan Midstream Partners, L.P. | COO | Current |
| Magellan Midstream Partner, L.P | Chief Operating Officer | Current |
| Magellan Midstream Partners, L.P. | Vice President, Transportation | Current |
| Magellan Midstream Partner, L.P | Senior Vice President | Former |
| Terminals, Inc. | Senior Vice President | Former |
| Williams Pipeline Co. | Vice President, Transportation | Former |
| Terminals, Inc. | Vice President of Transportation | Former |
| Magellan Midstream Partners, L.P. | General Partner | Former |
Brett C. Riley currently serves as SVP, Business Development. Prior to joining Magellan in June 2003, Mr. Riley served as Director of Mergers & Acquisitions for a subsidiary of Williams from September 2000 until June 2003. He also served as Director of Financial Planning and Analysis for a subsidiary of Williams from 1998 to 2000. Mr. Riley also worked in various financial positions with MAPCO and Williams since 1992.
| Organization | Position | Status |
|---|---|---|
| Magellan Midstream Partners, L.P. | Senior Vice President, Business Dev | Current |
Lisa J. Korner currently serves as SVP, Human Resources and Administration. Prior to joining Magellan in November 2002, she served as Executive Director of HR Strategy and HRIS for Williams from July 2001 to November 2002 and served as Director of Human Resources from October 1999 to July 2001. Ms. Korner also worked in various human resource management positions with MAPCO and Williams since 1989.
| Organization | Position | Status |
|---|---|---|
| Magellan Midstream Partners, L.P. | Senior Vice President, HR & Admin | Current |
| Magellan Midstream Partners, L.P. | Director of Human Resources | Former |
Lonny E. Townsend currently serves as Vice President, General Counsel, Compliance and Ethics Officer and Assistant Secretary. He also serves as Senior Vice President, General Counsel, Compliance and Ethics Officer and Secretary of MMP and Vice President, General Counsel and Secretary of MGG Holdings GP. Prior to joining MMP in June 2003, Mr. Townsend was Assistant General Counsel for Williams from February 2001 to June 2003. He also served in various other legal positions with Williams since 1991.
| Organization | Position | Status |
|---|---|---|
| Magellan Midstream Partners, L.P. | General Counsel, Senior Vice President, Assistant Secretary & Compliance & Ethics Officer | Current |
| Magellan Midstream Holdings, L.P. | General Counsel, Secretary & Vice President | Current |
| Magellan Midstream Partners, L.P. | Board of Directors | Current |
| Magellan Midstream Partners, L.P. | General Counsel | Former |
Richard A. Olson currently serves as SVP, Operations and Technical Services. Prior to joining Magellan in April 2002, he served as a Vice President of subsidiaries of Williams from 1996 to 2002. Mr. Olson also worked in various management positions with Williams Pipe Line Company (now known as Magellan Pipeline Company, L.P.) since joining Williams in 1981.
| Organization | Position | Status |
|---|---|---|
| Magellan Midstream Partners, L.P. | Senior Vice President, Operations & Technology Services | Current |
| Magellan Midstream Partners, L.P. | General Partner | Former |
| Organization | Position | Status |
|---|---|---|
| Magellan Midstream Partners, L.P. | General Partner | Current |
| Magellan Midstream Partners, L.P. | Board of Directors | Former |
James R. Montague has served as a director of our general partner since July 2001. Since 2003, he has been retired. From 2001 to 2002, Mr. Montague served as President of EnCana Gulf of Mexico LLC, a subsidiary of EnCana Corporation, which is in the business of oil and gas exploration and production. From 1996 to June 2001, Mr. Montague served as President of two subsidiaries of International Paper Company, IP Petroleum Company, an exploration and production oil and gas company, and GCO Minerals Company, a company that manages International Paper Company’s mineral holdings. Mr. Montague also serves as Chairman of the Board of Memorial Hermann Healthcare System. Mr. Montague serves as the non-executive Chairman of the Board of Davis Petroleum Corp., as a director of Atwood Oceanics, Inc. and as a director of the general partner of Magellan Midstream Partners, L.P.
| Organization | Position | Status |
|---|---|---|
| Penn Virginia Resource Partners, L.P. | General Partner | Current |
| Davis Petroleum Corp | Non-Executive Chairman of the Board | Current |
| Memorial Hermann Healthcare System | Chairman of The Board | Current |
| Penn Virginia Resource Partners, L.P. | Board of Directors | Current |
| Atwood Oceanics, Inc. | Director | Current |
| Magellan Midstream Partner, L.P | Board of Directors | Current |
| Magellan Midstream Partners, L.P. | Board of Directors | Current |
| Penn Virginia Gp Holdings | Director | Current |
| International Paper Company | Former |
| Organization | Position | Status |
|---|---|---|
| Penn Virginia Resource Partners, L.P. | General Partner | Current |
| American Electric Power Company, Inc. | Directors and Corporate Governance Committee Member | Current |
| Texas Eastern Products Pipeline Company, LLC | Current | |
| Penn Virginia Resource Partners, L.P. | Board of Directors | Current |
| Magellan Midstream Partners, L.P. | Board of Directors | Current |
| American Electric Power Company, Inc. | Board Member | Current |
| Magellan Midstream Partner, L.P | Board of Directors | Current |
| The Williams Companies, Inc. | Chief Executive Officer | Former |
| Transco Inc. | chief executive officer | Former |
| Transco Inc. | president | Former |
| The Williams Companies, Inc. | President | Former |
| The Williams Companies, Inc. | Chairman | Former |
| American Electric Power Company, Inc. | Human Resources Committee Chairman | Former |
N. John Lancaster is a Managing Director of Riverstone. Prior to joining Riverstone in 2000, Mr. Lancaster was a Director with The Beacon Group, LLC, a privately held firm specializing in principal investing and strategic advisory services in the energy and other industries. Prior to joining Beacon, Mr. Lancaster was a Vice President with Credit Suisse First Boston's Natural Resources Group in Houston, Texas, where he was involved in transactions for companies in all segments of the energy industry, with an emphasis on oil services and oil and gas exploration and production. Mr. Lancaster began his career in energy-related finance at Bankers Trust, where he served in the corporate finance group and published equity research on companies in the unregulated midstream natural gas and oil service sectors of the energy industry.
| Organization | Position | Status |
|---|---|---|
| Consolidatedvalve.Com | Managing Director of Riverstone | Current |
| Riverstone Holdings LLC | Managing Director | Current |
| Dresser Wayne Division | Managing Director of Riverstone | Current |
| Redq Regulators | Managing Director of Riverstone | Current |
| Waukesha Engine Division Dresser Industries | Managing Director of Riverstone | Current |
| Dresser, Inc. | Managing Director | Current |
| Carlyle Holding Corporation | Current | |
| Consolidatedvalve.Com | Board of Directors | Current |
| Masoneilan Company, Ltd. | Board of Directors | Current |
| Magellan Midstream Partner, L.P | Director | Current |
| Magellan Midstream Partners, L.P. | Board of Directors | Current |
| Frontier Corporation | Director | Current |
| Becker Precision Equipment | Board of Directors | Current |
| Titan Specialties Ltd | Board of Directors | Current |
| Dresser Wayne Division | Board of Directors | Current |
| Waukesha Engine Division Dresser Industries | Board of Directors | Current |
| Redq Regulators | Board of Directors | Current |
| Magellan Midstream Holdings, L.P. | Board of Directors | Current |
| The Stallion Co | Director | Current |
| International Logging, Inc. | Board of Directors | Current |
| G.A.S. International, Inc. | Board of Directors | Current |
| Stallionoilfield.Com | Board of Directors | Current |
| Riverstone | Managing Director | Former |
| Bankers Trust Company Inc. | Corporate Finance Group | Former |
| Beacon, Inc | Former | |
| Dresser, Inc. | Board of Directors | Former |
| Beacon Group | Director | Former |
| Harvard Business School | M.B.A. | Former |
| The University of Texas | B.B.A. | Former |
| The University of Texas at Austin | Bba | Former |
Patrick C. Eilers has served as a director of our general partner since June 17, 2003. He also serves as a director of the general partner of Magellan Midstream Holdings, L.P. ("MGG GP") and MGG Midstream Holdings, L.P. ("MGG Holdings GP"). Mr. Eilers is a Managing Director of Madison Dearborn Partners, LLC overseeing the firm's energy, power and chemicals practice. Prior to joining Madison Dearborn Partners in 1999, he served as a Director with Jordan Industries, Inc. and as an Associate with IAI Venture Capital, Inc. He also played professional football with the Chicago Bears, the Washington Redskins and the Minnesota Vikings from 1990 to 1995.
| Organization | Position | Status |
|---|---|---|
| Madison Dearborn Partners LLC | Managing Director | Current |
| Sports Venture Partners L.L.C. | Managing Director, Madison Dearborn Partners | Current |
| Granite Hall Partners, Inc. | Managing Director, Madison Dearborn Partners | Current |
| US Power Generating Company, LLC | Board of Directors | Current |
| Magellan Midstream Partners, L.P. | Board of Directors | Current |
| Magellan Midstream Holdings, L.P. | Board of Directors | Current |
| Magellan Midstream Partner, L.P | Director | Current |
| Sports Venture Partners L.L.C. | Board of Directors | Current |
| Madison Dearborn Partners LLC | Director | Current |
| Granite Hall Partners, Inc. | Board of Directors | Current |
| Sports Venture Partners L.L.C. | Director, Madison Dearborn Partners | Former |
| Jordan Industries, Inc. | NA | Former |
| Chicago Bears Football Club, Inc. | Former | |
| Washington Redskins | Former | |
| Jordan Industries, Inc. | Director | Former |
| Kellogg School of Management at Northwestern University | MBA | Former |
| Northwestern University | M.B.A | Former |
| University of Notre Dame | B.S | Former |
Industry Transcripts by Seeking Alpha
-
StealthGas Inc. Q3 2009 Earnings Call Transcript
on Nov 17, 2009about GASS
-
WGL Holdings Inc. F4Q09 (Qtr End 09/30/09) Earnings Call Transcript
on Nov 13, 2009about WGL
-
ORMAT Technologies Inc. Q3 2009 Earnings Conference Call Transcript
on Nov 12, 2009about ORA
-
Evolution Petroleum Corp F1Q10 (Qtr End 30/09/09) Earnings Call Transcript
on Nov 12, 2009about EPM
-
EnCana Corporation Q3 2009 Earnings Call Transcript
on Nov 12, 2009about ECA
IndustryTop Rated
- Clinton: Energy Efficiency Is Not Sexy, But Important Low-Hanging Fruit 4 votes
- Trina Solar: Still Struggling to Bring Manufacturing Costs in Line With Falling Prices 3 votes
- Valero to Shutter Some Refinery Operations, Cut Hundreds of Jobs 3 votes
- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor 3 votes
- Laureate Effect: Will a Nobel Prize In Obama's Hand Help or Hurt the Climate Bill Cause? 2 votes

