Announced Action for March 22, 2005

For Your Information

Withdrawal of petition for approval of proposed divestiture: Magellan Midstream Partners, L.P. (Magellan) has filed a petition withdrawing its request that the Commission approve the proposed divestiture of certain assets recently acquired from Shell Oil Company (Shell). Under the terms of the FTC’s consent order concerning Magellan’s acquisition of pipeline and terminal assets from Shell, Magellan is required to divest a gasoline terminal in Oklahoma City, Oklahoma. Through this application, which is available on the Commission’s Web site as a link to this press release, Magellan is withdrawing its request for approval to divest the former Shell Oklahoma City Terminal to SemFuel, L.P. (FTC File No. 041-0164, Docket No. C-4112; the staff contact is Daniel Ducore, Bureau of Competition, 202-326-2626; see press releases dated September 29 and November 26, 2004 and January 21, 2005.)

Copies of the documents mentioned in this release are available from the FTC’s Web site at http://www.ftc.gov and also from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.

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202-326-2180