Crude Oil Profile - Magellan Midstream Partners, LP

Crude Oil Profile
Background
Magellan Midstream Partners, L.P. is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets.
We currently have over 1,600 employees working in 24 states. Our assets include over 80 petroleum products terminals, a 9,500-mile refined
products pipeline system, 1,600-miles of crude oil pipelines and an 1,100-mile ammonia pipeline system. We are traded on the New York
Stock Exchange under the ticker symbol MMP and currently have over 150,000 investors.
Although Magellan Midstream Partners has traditionally focused on the transportation, storage and distribution of refined petroleum products,
Magellan has developed a significant presence in the transportation, storage and distribution of crude oil. Of Magellan’s potential expansion
projects, we anticipate more than half are related to crude oil.
Asset Portfolio
Asset Portfolio
M
Maine
North Dakota
Montana
Minnesota
VT
NH
South Dakota
Wisconsin
Wyoming
MA
RI
New York
CT
Michigan
Nebraska
Pennsylvania
Wilmington
Iowa
Carr
Ohio
Indiana
Platteville
MD
Illinois
Colorado
Kansas
West
Virginia
St. Charles
Missouri
Roanoke
Kentucky
NJ
New Haven
DE
Richmond
Montvale
Virginia
Greensboro (2)
Nashville (2)
Knoxville (2)
Enid
Tennesse
Chattanooga (2)
Cushing
New Mexico
Arkansas
Oklahoma
Doraville (2)
Little Rock
Birmingham
Colorado City
Mississippi
Alabama
Montgomery
Texas
Crane
Barnhart
East Houston
Louisiana
Galena Park
Atlanta
Selma
NC
Charlotte (2)
Spartanburg (2)
SC
North Augusta (2)
Macon
Georgia
Pipeline System
Crude Pipeline
Refined Products Pipeline
Ammonia Pipeline
Terminals
Crude Terminal
Albany
Refined Products Terminal
Marrero
Marine Terminal
Gibson
Florida
Ammonia Terminal
Corpus Christi
Revised November 2015
Corpus Christi Condensate Splitter
• Federal and State air permits for two 50,000 bpd trains were obtained
• First train, 50,000 bpd, offtake fully subscribed
• Second train, 50,000 bpd, soliciting tolling partners. Could be online
by early 2017
Both trains will have:
• Access to three deep water ship berths and potential for private dock(s)
• 7 cuts with the following products:
- Propane
- Heavy Naptha
- Residual Fuel
- Butane
- Kerosene/Jet
- Light Naptha
- Diesel Fuel
Corpus Christi Connections
Citgo
Equistar
Flint Hills
Trafigura
Valero
Crude Oil Joint Ventures
• Seabrook Logistics (Houston, TX) – 700,000 barrels of crude oil storage with access to an existing 45 foot draft dock. Expansion available
for an additional 2 million barrels of crude storage and possible pipeline to connect to Magellan’s crude oil Houston Distribution System
• BridgeTex Pipeline – Colorado City, TX to Magellan’s East Houston terminal. 410-mile, approximately 300,000 barrel per day pipeline
• Osage Pipeline – Cushing, OK to El Dorado, KS. 130-mile, approximately 175,000 barrel per day pipeline
• Double Eagle Pipeline – 195-mile, approximately 100,000 barrel per day pipeline from Eagle Ford Shale to Magellan’s Corpus Christi
terminal and KMCC Helena Station, expandable to 150,000 barrels per day
• Saddlehorn Pipeline
– 592-mile, maximum capacity of approximately 475,000 barrel per day pipeline from DJ Basin to
Magellan’s and Plains’ Cushing terminals
Magellan’s Crude Oil Pipeline Assets
Carr
• Cushing, OK to Tulsa (Cimarron South)
Platteville
• El Dorado, KS to Cushing (Cimarron North)
• Houston, TX to Texas City (Houston Distribution)
• Pauls Valley, OK to Cushing (Healdton SCOOP)
• Midland, TX/Crane/Barnhart to East Houston (Longhorn)
Midland and Crane Pipeline Connections:
· Plains
· Advantage
· Oryx (1Q 2016)
· Centurion · Truck Offloading · Medallion (1Q 2016)
Cushing
Barnhart Connections
· JP Energy
· Truck Offloading
· Lucid Energy (1Q 2016)
Magellan’s Crude Oil Storage Assets
Cushing Crude Oil Storage
• Barnhart, TX – 160,000 barrels of storage
Cushing Direct
Connections:
• Corpus Christi, TX – currently over 2.9 million barrels of storage, with
land available for expansion for up to 4 private ship docks, 5 million
barrels of storage, truck offloading and rail facility
· Blueknight
· BP-Whiting
· Centurion
· Coffeyville
· Phillips 66
· Enbridge
· Enterprise
· NGL Energy
· Plains
· Rose Rock
· Marketlink (in progress)
Shinn Pence
• Crane, TX – currently 1.17 million barrels of storage in service with
additional 250,000 barrels under construction
Central Cushing
• Cushing, OK – one of the largest Cushing area owners of crude oil
storage with over 12 million barrels of tankage at four facilities with
interconnectivity between all (Shinn Pence, Central Cushing, South
Cushing and Drumright (not pictured))
• East Houston, TX – Magellan East Houston is the location for both Argus’
and Platts’ WTI-Houston daily price assessments. Currently 5 million
barrels of storage with additional 1.6 million under construction and
room for an additional 5 million
South Cushing
• Enid, OK – currently 55,000 barrels of storage with up to 110,000
additional barrels available
• Gibson, LA – 57,500 barrels of storage; crude oil is barged in and
shipped out via the Ship Shoal pipeline. Additional 65,000 barrels of
storage under construction
Houston Crude Distribution System
Houston Connectivity
Keystone/Market Link Pipeline
Magellan Longhorn
Pipeline
Bridge Tex
Pipeline
Shell Ho-Ho Pipeline
MMP East
Houston
XOM Crude Pipeline
OTI Pipeline
Rail
Facility
West Columbia Pipeline
Exxon
Baytown
Oiltanking
Terminal
MMP Galena
Park Terminal
Seaway
Terminal
Shell Deer
Park Refinery
Pasadena
Refining
Houston
Refining
Speed
Junction
West Columbia Pipeline
Deer Park
Junction
Genoa
Junction
Enterprise Pipeline
Enterprise Morgan’s
Point Terminal
XOM Crude Pipeline
Webster
Junction
From Enterprise Katy/Sealy Terminal
HFOTCO
Houston Ship Channel
OTI Pipeline
Valero Houston
Refinery
Shell Ho-Ho Pipeline
Moore
Road
Seabrook
Logistics
Genesis
Enterprise
ECHOTerminal
Marathon Galveston
Bay Refinery
Marathon TXC
Refinery
Valero TXC
Refinery
Seaway Texas
City Terminal
Seabrook
Logistics
Crude Oil Asset Portfolio
Magellan’s Crude Oil Assets
Legend
Carr
Crude Oil Terminal
DJ Basin
Magellan Crude Oil Pipeline
Platteville
BridgeTex (50% Ownership)
Double Eagle (50% Ownership)
El Dorado
Osage Pipeline (50% Ownership)
Saddlehorn Pipeline (40% Ownership)
Enid
Cushing
Permian
Tulsa
Production Basin
Colorado City
Crane
Barnhart
East Houston
Gibson
Galena Park
Eagle
Ford
Corpus Christi
Robb Barnes
Senior Vice President Crude Oil
918-574-7704
[email protected]
Michael Aaronson
Vice President Crude Oil Business Development
918-574-7736
[email protected]
Melanie Little
Vice President Crude Oil Transportation & Storage
918-574-7306
[email protected]
Mark Daggett
Director Crude Oil Business Development
918-574-7022
[email protected]
Scott Devers
Director Crude Oil Transportation & Storage
918-574-7412
[email protected]
Chris Nalley
Director Crude Oil Business Development
918-574-7710
[email protected]
Christina Payne
Director Crude Oil Transportation & Storage
918-574-7881
[email protected]
David Biggs
Commercial and Project Manager, Kansas and Oklahoma
918-574-7406
[email protected]
Tony Bogle
Manager Commercial Development, Corpus Christi
918-574-7738
[email protected]
Keith Faucett
Commercial and Project Manager, Saddlehorn Pipeline
918-574-7911
[email protected]
Brett Hunter
Manager Commercial Development, Houston Area
918-574-7477
[email protected]
Mark Lassman
Manager Crude Oil Business Development
918-574-7977
[email protected]
Fawn McWilliams
Supervisor Joint Ventures
918-574-7638
[email protected]
JoeBill Rehder
Manager Commercial Development, Texas & Louisiana
918-574-7563
[email protected]