Devon joins oil and gas consortium

Devon Energy Corporation Joins Oil and Gas Industry Consortium Blockchain  for Energy | Business Wire


Oklahoma City’s Devon Energy is one of the latest major firms to join a consortium that helps organizations better manage their records and data.

Blockchain for Energy (B4E) announced Devon joined its oil and gas consortium which also supports opportunities for lower carbon energy through collaboration and proactive development of new technologies.

“It is my great pleasure to welcome Devon Energy as a board member to the Blockchain for Energy consortium,” said Rebecca Hofmann, CEO, Blockchain for Energy. “We look forward to the great things our collaboration will achieve and the transformation that will result from it.”

“Joining Blockchain for Energy is another example of Devon’s focus on innovation and collaborative partnerships,” said Trey Lowe, Chief Technology Officer at Devon Energy. “We are excited to work with many highly respected organizations and help transform the energy industry’s technology landscape.”

Devon will hold full member status, a board seat, and participate in B4E’s Technology Committee. The firm will participate in all five consortium programs including: the ESG-Emission Disclosure Registry Pilot; Integrated Joint Venture Management (with AFE Balloting and Joint Interest Billing); the current testing of a Mineral Royalty Blockchain solution; and B4E’s operational Commodity Transport solutions.

Drawing on knowledge from some of the most experienced industry leaders, the consortium’s work goal is to increased enhanced innovation needed to usher in a new digital era. Other B4E members Chevron, ConocoPhillips, ExxonMobil, Pioneer Natural Resources, Repsol, Schlumberger, API and Worley.

Blockchain for Energy (B4E) consortium provides its members with forward thinking learnings and solutions for the energy industry.