Data Gumbo, Antelope Water bring blockchain tech to Permian shale

By Data Gumbo Corp. | August 20, 2019

Data Gumbo Corp., a Houston-based technology company that has developed a blockchain-as-a-service platform to streamline smart contracts for oil and gas, has announced that Antelope Water Management, the Austin-based company providing sustainable water solutions for the extractive industries in oil and gas, has adopted Data Gumbo’s trademarked blockchain network GumboNet. This is the industry’s first use of a blockchain platform for total water management services in US shale plays. Antelope will tap the power of GumboNet to provide customers and vendors across its water infrastructure, treatment, sourcing and disposal services with real-time data transparency, and automation of contract executions and payments. 

GumboNet insights allow all of Antelope’s customers and vendors in a transaction to be certain of immutable data and measurement accuracy for guaranteed and secure transactions. Antelope’s stakeholders and local regulators will benefit from the data certainty to lower overhead costs, reduce outstanding payments between parties, and ensure data certainty for all business transactions. 

“As an integrated water management company in the Permian Basin providing tailored management services for water infrastructure, we look forward to incorporating Data Gumbo into each of our business units,” said Dustin Brownlow, CEO of Antelope. 

Antelope’s deployment moves Data Gumbo into the Permian Basin, the largest producing oil field in the world and into another sector of oil & gas—total water management. Antelope’s customers will for the first time be able to derive benefit from self-executing contracts on a secure blockchain platform catering to complex, 24-hour operations without the need for manual oversight. 

“Data Gumbo was the first blockchain in offshore drilling and now we are the first in oil and gas water management. We anticipate continuing to break ground across the industry as companies realize the vast benefits we afford them such as security, certainty of data and, most of all, savings to the bottom line,” said Andrew Bruce, CEO of Data Gumbo.