The “Big Beautiful Bill”: How U.S. Tax Reform Supercharged Capital Investment in Oil & Gas

In 2025, a sweeping piece of U.S. tax legislation—nicknamed the “Big Beautiful Bill”—reshaped the capital outlook for America’s energy producers. Across quarterly earnings calls, executives from exploration, drilling, and midstream companies pointed to the bill’s provisions as a fiscal tailwind that’s helping offset inflation, tariffs, and geopolitical uncertainty.

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Occidental Expands CO₂ Reinjection and Drilling Footprint in Ector County

The Texas Commission on Environmental Quality (TCEQ) has approved a Permit by Rule (PBR) for the Goldsmith Landreth Deep Gas Reinjection Station, a new CO₂ injection and recycling hub under Rule 106.352 (Oil and Gas Production Facilities). The facility, registered to Occidental Permian Ltd., represents a strategic addition to Occidental’s Ector County enhanced oil recovery (EOR) operations.

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Ovintiv Completes Portfolio Transformation with $2.7B Acquisition of NuVista Energy (Canada) and Planned Anadarko Exit

Ovintiv Inc. (NYSE/TSX: OVV) has announced a major portfolio transformation, signing a definitive agreement to acquire NuVista Energy Ltd. (TSX: NVA) for approximately US $2.7 billion (C$3.8 billion) in a cash-and-stock transaction. The deal expands Ovintiv’s footprint in the oil-rich Alberta Montney, adding scale, infrastructure, and premium drilling inventory that directly complements its existing operations.

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