BP plc (ADR) (BP), Chevron Corporation (CVX), And Growth In The Gulf

Source: Enterprise Products Partners Investor Presentation

In addition to the assets it already has in place, Enterprise Products Partners L.P. (NYSE:EPD) is building new assets to link into its system which not only provide a critical service to producers but yields profitable growth for Enterprise. For example, the company’s Lucius project includes a repurposing of the underutilized Phoenix Gas Pipeline for oil and extending it to reach new some of the new oil discoveries. The project will have a capacity of 115,000 barrels of oil per day and is scheduled to be complete next July. It’s just one of the many ways Enterprise is positioning itself to take advantage of the growth in the Gulf.

With a total of $7.5 billion of new projects in the pipeline Enterprise Products Partners L.P. (NYSE:EPD) has a lot of growth outside of the Gulf. This will drive the cash flow necessary to grow its already generous 4.4% distribution. The company is a great, safe way to invest not only in the growth of the Gulf but in the boom we’re seeing in domestic oil and gas production.

The article A Safer Way to Invest in the Growth of the Gulf of Mexico originally appeared on Fool.com is written by Matt DiLallo.

Motley Fool contributor Matt DiLallo owns shares of Enterprise Products Partners L.P. and ConocoPhillips. The Motley Fool recommends Chevron and Enterprise Products Partners L.P.

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