Magellan to focus on growing crude oil services

摘要

Houston-Building on its recent successes in growing crude volumes and infrastructure expansion plans, Magellan Midstream Part- ners is moving further into the realm of crude oil midstream services. "While we see potential expansion opportunity in all of our business segments, crude oil pipeline and storage prospects still make up the vast majority of our potential organic project list with about 80% of the current list of potential growth opportunities related to crude oil," Magellan Chairman and CEO Michael Mears said during a call February 5 to discuss the company's fourth quarter 2012 earnings.