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Oil Giants Hire Blockchain Startup to Manage Water in Bakken Fields

Published 09/10/2019, 06:10 PM
Updated 09/10/2019, 06:21 PM
Oil Giants Hire Blockchain Startup to Manage Water in Bakken Fields
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A consortium of oil companies including Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX) and Royal Dutch Shell (LON:RDSa) looks to blockchain to manage water used in oil extraction in North Dakota’s Bakken oil fields.

As Reuters reported on Sept. 10, the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded a contract to blockchain startup Data Gumbo to pilot water handling technology in North Dakota’s oil fields.

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