Magellan becoming a player in pipeline, storage market
A $350 million pipeline acquisition has helped turn Magellan Midstream Partners LP into a player on the pipeline and storage market. It also pushed the Tulsa company to No. 4 on this year's Oklahoma Inc. list.
BY JAY F. MARKS •
Published: November 14, 2010
Magellan Midstream Partners LP set the stage for a big year in July 2009 when it acquired a 700-mile pipeline system in Texas.
CEO Don Wellendorf said the $350 million acquisition has generated a lot of money for the partnership.