He served as COO. Michael Mears corporate profile, background and performance evaluation including other Magellan Midstream executives Presently, Michael N. Mears holds the position of Chairman, President & Chief Executive Officer for Magellan Midstream Partners LP and Chairman, President & Chief Executive Officer of Magellan GP LLC (a subsidiary of Magellan Midstream Partners LP). Mr. Mears was a Senior Vice President ("SVP") of our general partner from 2007 through 2008 and a Vice President from 2004 to 2007. Search our database of over 100 million company and executive profiles. In his past career he occupied the position of Vice President at The Williams Cos., Inc. and Principal at Williams Pipe Line Co. LLC. View Michael N. Mears’s professional profile … Mears also worked in various management positions with Williams Pipe Line Company (now known as Magellan Pipeline Company, L.P.) since joining Williams in 1985. He currently serves on the board of directors of Sempra Energy. Magellan says it is supported by long-term committed volumes. Michael Mears is chairman of the board, president and chief executive officer for Magellan Midstream Partners. When discussing the MLP’s 2020 distribution target during the latest earnings conference call, Magellan’s chairman, president, and chief executive officer Michael Mears said, “We plan to achieve this goal with a 0.75% quarterly increments, consistent with our 2019 approach.” (Source: “Magellan Midstream Partners LP (MMP) CEO Michael Mears on Q4 2019 Results – Earnings Call Transcript,” … Magellan pipeline connectivity between Magellan’s terminal and Trafigura AG’s nearby facility. 1 Magellan Midstream Partners invested in the Cushing pipeline interchange several years ago. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Mears also worked in various management positions with Williams Pipe Line Company (now known as Magellan Pipeline Company, L.P.) since joining Williams in 1985. He currently serves as a director of Sempra Energy, where he is a member of the audit committee and … Mike Mears is Chairman/President/CEO at Magellan Midstream Partners LP. “The past 20 years have been marked with many accomplishments, and I am proud of the company we have become,” Michael Mears, Magellan’s chief executive officer, said in a statement. Since joining Magellan in 2002, he has been an integral part of the integration of strategic growth projects and acquisitions, such as the Shell pipeline acquisition in 2004. Press Release Magellan and Enterprise to Develop Joint Houston Crude Oil Futures Contract Published: Jan. 21, 2021 at 5:33 p.m. View Michael N Mears's profile for company associations, background information, and partnerships. ET Mears, age 45, most recently served as senior vice president of Transportation and Terminals for Magellan with responsibility for all aspects of commercial development. Mr. Mears received an undergraduate degree from Colorado School of Mines. One Williams Center Magellan is one of the bellwethers of the midstream sector with traditional energy infrastructure assets, primarily fee-based cash flows and an investment grade balance sheet. Michael N. Mears is Chairman of the Board, President & Chief Executive Officer at Magellan Midstream Partners LP. Of this total $840,769 was received as a salary, $1,931,141 was received as a bonus, $0 was received in stock options, $4,195,088 was awarded as stock and $33,687 came from other types of compensation. Michael N. Mears is Chairman, President & Chief Executive Officer for Magellan Midstream Partners LP and Chairman, President & Chief Executive Officer for Magellan GP LLC (a subsidiary of Magellan Midstream Partners LP). — Michael Mears, Magellan’s chief executive officer. The project also includes construction of more than one million barrels of storage, dock improvements and two additional truck rack bays at Magellan’s terminal. Aaron L. Milford currently serves as COO of our general partner and has served in such capacity since 2019. Magellan owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity, and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. Michael Mears was born in 1957 in London, England. As CEO and President at MAGELLAN MIDSTREAM PRTNRS LP, Michael N. Mears made $7,000,685 in total compensation. Magellan Midstream Partners, L.P. is primarily involved in the storage, transportation, and distribution of refined petroleum products and ammonia. He is an actor, known for Four Weddings and a Funeral (1994), The Oxford Murders (2008) and As You Like It (1992). Join us for Friends of Finance with Michael Mears, chairman of the board, president and chief executive officer of Magellan Midstream Partners. See Mike Mears's compensation, career history, education, & memberships. Michael N. Mears serves as Chairman of the Board, President, Chief Executive Officer of Magellan GP, LLC of the Company. Enterprise Products Partners (EPD), Magellan’s closest peer, also carries a 10% yield. He is also on the board of Sempra Energy, Tulsa Area United Way, Association of Oil Pipelines and Tulsa Regional Chamber of Commerce and Chairman, President & Chief Executive Officer of Magellan GP LLC. HOUSTON--(BUSINESS WIRE)--Jan. 21, 2021-- Magellan Midstream Partners, L.P. (NYSE: MMP) and Enterprise Products Partners L.P. (NYSE:EPD) today announced that affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area in response to market interest for a Houston-based index with greater … Tulsa, OK 74172 “Magellan is pleased to join forces with Valero to combine our extensive pipeline and terminals capabilities with their world-renowned refining and marketing expertise to further expand the state-of-the-art marine facility being constructed in Pasadena,” said Michael Mears, Magellan’s Chairman, President and Chief Executive Officer. Mears is also on the board of Sempra Energy, Tulsa Area United Way, Association of Oil Pipelines and Tulsa Regional Chamber of Commerce and Chairman, President & Chief Executive Officer at Magellan GP LLC. KAYNE ANDERSON NEXTGEN ENERGY & INFRASTRUCTURE, INC. KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND, INC. United States. Magellan Midstream Partners, L.P. and Enterprise Products Partners L.P. have announced that affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area in response to market interest for a Houston-based index with greater scale, flow assurance and price transparency. It represents who we are and our commitment … Company Participants. There are 100+ professionals named "Michael Mears", who use LinkedIn to exchange information, ideas, and opportunities. Michael Mears - Chairman, President & CEO. Mears joined Magellan Midstream Partners, L.P. when the company was formed in 2004 and has held several positions with the company during that time, including vice president of transportation, senior vice president of terminals and transportation and chief operating officer. --Magellan Midstream Partners, L.P. announced today the publication of its inaugural sustainability report. Michael Mears is Chairman of Magellan GP LLC, CEO of Magellan GP LLC and President of Magellan GP LLC of Magellan Midstream. How did your company get a foothold in there, and how much storage do you have there? Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma. Falling diesel use makes U.S. oil industry 'like the snake biting its own tail', Mears hit by profit drop, debt rise as demand wanes, Magellan sees heavy demand for U.S. Gulf condensate splitters, Chairman, President & Chief Executive Officer. ‘We are pleased to add crude oil as a service offering at our Galena Park terminal, continuing to expand Magellan’s growing crude oil footprint,’ says Michael Mears, CEO. Magellan Midstream Partners LP (NYSE:MMP) Q3 2020 Earnings Conference Call October 30, 2020 1:00 PM ET. See full bio » Chairman/President/CEO, Magellan Midstream Partners LP, Chief Operating Officer, Magellan Midstream Partners LP, Magellan Midstream, the Best MLP, Should Try Not Being an MLP. Mears joined Magellan Midstream Partners, L.P. when the company was formed in 2004 and has held several positions with the company during that time, includi... Join us for Friends of Finance with Michael Mears, chairman of the board, president and chief executive officer of Magellan Midstream Partners. The Company's asset portfolio includes a pipe line system serving the mid-continent region of the United States, petroleum products marine terminal facilities, petroleum products terminals, and an ammonia pipeline system. Prior to joining Magellan in … In his past career he held the position of Vice President of The Williams Cos., Inc. and Principal at Williams Pipe Line Co. LLC. View the profiles of professionals named "Michael Mears" on LinkedIn. 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