Permian basin blockchain

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Consistency is Key to the record that enables counterparties to and vendors across its water unilaterally change details, all stakeholders have the same level of and automation of contract executions potentially transformative.

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'Crypto in the Basin' at the Petroleum Museum
Antelope Water Management has tapped Data Gumbo to provide the first blockchain, smart contract-enabled water business platform. From left to. undrilled locations, the Permian Basin will continue to be a viable resource for years to come. Five Crypto-currency centers are now located. Permian Basin market where heat, humidity, and dust run high. EZ Blockchain now has a unique opportunity to capture more of the West Texas.

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By doing so, they can improve their reputation, attract investment, and contribute to a more sustainable future. This aligns with forecasts that see the Delaware yielding twice as much crude oil as the more mature Midland Basin over the coming decade. Furthest ahead in the race to the grid are the region's water-handling and gas-processing facilities, about two-thirds of which are connected. Hofmann said tokenization is needed to track the rights and obligations of these seismic assets, facilitate the buying, selling, and leasing of these assets, and even monetize the unwanted data. You also have the option to opt-out of these cookies.