Finer Things in Life
A transaction that allows an owner to change the location of its product
What is a reconsignment?
42 Gallons
What is a barrel?
Name a marine location
MAS is...
Magellan Asset Services
What is FERC Form 6?
How we collect transportation for most customers
What is ACH debit?
WTI
What is West Texas Intermediate?
Our marine joint venture
What is MVP?
System used for Commodities
What is Right Angle?
Product crossing state lines
What is an interstate movement?
Makes a JE when you bill in advance.
What is the unearned to earned tab?
Storage not in a specified tank
What is system storage or fungible storage?
How MMT makes most of its revenue
What is storage?
A position that protects against a physical product loss
What is a hedge?
FERC Compliance officer
Who is Leah Ward?
Document that tells you what to pay another pipeline for their portion of a tariff
What is a division sheet? (or DoR)
Rates published on the portal for a customer to accept
What is system services pricing sheet?
A unit that fractionates condensate into 5 other products
What is a splitter?
Commodity with a season of September through May
What is butane? (or natural gas)?
What does FERC stand for?
What is Federal Energy Regulatory Commission?
Product interface between non-compatible grades
What is Transmix?
WTI @ Houston outright
What is a settlement price?
Customer facing inventory and stock accounting application
What is Mainmast?
How butane gets to its location
What is trucking?
Threshold triggering a Form 6
What is juridictional revenues over $500,000?