Saving Time and Money With Data Gumbo with Robin Macmillan

The Oil & Gas Accounting Podcast

On this week’s episode, Tom and Phil are joined by Robin Macmillan, Chief Sales Officer of Data Gumbo. Robin is giving us all the details on how Data Gumbo’s GumboNet™, a private blockchain, can replace manual processes in your business with automation providing more efficiency, improved business relationships and saving on expenses in the process. Robin also introduces smart contracts and gives examples of ways they can work in oil and gas scenarios.

Highlights:

1:34 From a geology degree to drilling

4:42 Handling smart contracts with a private blockchain

8:10 Using a blockchain for transactions and smart contracts

10:58 What is a smart contract?

14:31 The greatest benefits of using smart contracts

20:58 Verifying and testing a contract before it goes into service

23:21 Limitations of a smart contract

35:15 Generating carbon credits

38:33 How to get started with blockchain and smart contracts in the oil and gas industry

About Robin Macmillan:

Robin Macmillan is the Chief Sales Officer at Data Gumbo. With a 40+ year career in energy, he was previously Senior Vice President for Business Development at National Oilwell Varco (NOV Inc.), Manager of Schlumberger Drilling and Measurements in Canada and President at the drill bit company ReedHycalog. He is the current VP of Drilling Services at the International Association of Drilling Contractors (IADC), where he is also Chair Emeritus of the Advanced Rig Technology committee. He is also former vice-chair of the Society of Petroleum Engineers (SPE) Drilling Systems Automation Technical Section. Robin holds a degree in Geology from the University of Leeds in England.

Connect with Robin:

https://www.linkedin.com/in/robinmacmillan/

https://www.datagumbo.com/en/

About SherWare, Inc.

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SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform -- and we’re the only software on the market that can integrate with your QuickBooks company.

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About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org