Domestic Oil and Gas News: Week of September 1st, 2025

Permian Production: "Peak Permian" Rejected

On September 1, Texas Pacific Land CEO Tyler Glover pushed back against the notion that the Permian Basin has reached its production peak. He highlighted that the region still accounts for around 6.5 million barrels per day of oil—about half of all U.S. output—and nearly 10 million barrels per day when including natural gas liquids. Glover pointed to over 60,000 remaining drilling sites with breakeven economics under $60 per barrel and estimated 30 billion barrels of oil still undeveloped. Midland Reporter-Telegram

Enbridge Moves Forward with Gas Pipeline Expansion

Also on September 2, Enbridge announced a final investment decision to expand its Algonquin Gas Transmission pipeline by about 75 million cubic feet per day, in response to rising U.S. natural gas demand—especially for power generation and LNG exports. The $300 million project is scheduled for completion by 2029 and will help bolster northeast U.S. supply infrastructure. Reuters

Oil Prices Remain Stable Amid Global Supply Shifts

On September 1, oil prices remained in a tight range. Brent crude dipped to $67.18/barrel, while U.S. WTI slipped to $63.73/barrel. The stability is attributed to rising output from non-Russian producers offsetting disruptions from the Russia–Ukraine conflict. Russian exports are now at a four-week low—2.72 million barrels per day—while exports to India are expected to climb. Markets are closely watching the upcoming OPEC+ meeting on September 7 and forthcoming U.S. labor data for further direction. Reuters+1

API Launches Big Permitting Reform Campaign

The American Petroleum Institute (API) kicked off a major ad campaign—valued in the seven figures—to push for sweeping reforms to U.S. energy permitting processes. Targeting key Beltway audiences, the ads will appear on digital platforms, podcasts such as The New York Times' The Daily and "Ruthless," as well as physical placements like Reagan National Airport and an I‑395 billboard. API argues that despite recent White House efforts to speed up permitting, legislation is still needed to meaningfully improve infrastructure approval timelines. Axios+1