HOUSTON (August 23, 2022)Blockchain for Energy(B4E) today announced that Devon Energy Corporation has joined its oil and gas consortium which helps member organizations advance and transform the way transactions, records and data are managed in the energy industry. B4E 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.”

Membership will help accelerate the adoption of Web3 — a future internet built on decentralized blockchains — technologies.

“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. They 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 will lead to enhanced innovation needed to usher in a new digital era. Through collaboration and market innovation, B4E and its members are building an enterprising community and reinventing the energy industry’s workflow processes.

In addition to Devon, B4E members include Chevron, ConocoPhillips, ExxonMobil, Pioneer Natural Resources, Repsol, Schlumberger, API, and Worley.

About Blockchain for Energy

Utilizing the benefits of blockchain technology, theBlockchain for Energy(B4E)财团为其成员提供了能源行业的前瞻性学习和解决方案。我们通过为成员提供加速其数字化旅程的机会来将数字化转换推向Web3。我们寻求解决,重塑和改变行业通过集体协同作用的方式。能源区块链是能源行业创造变革性变革的安全场所。

About Devon Energy

Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visitwww.www.0825dz.com.