Sourcewater’s mission is to build digital technologies that improve the reliability and efficiency of the upstream energy water supply chain while reducing environmental and community impacts.
Sourcewater was conceived by founder Josh Adler when he was a Sloan Fellow for Innovation and Global Leadership in the Energy Ventures program at MIT in 2012. Fascinated with the rise of unconventional energy development in the U.S., Josh saw that the water supply chain would become the primary constraint on and impact of the shale revolution and believed that the innovative application of new digital technologies could reduce the cost, risks and impact of upstream energy growth. Josh started recruiting a team and founded the company in early 2014, and moved to Houston, Texas in 2016, where the company is now headquartered.
Since its founding, Sourcewater has engaged with every aspect of the upstream water supply chain, from sourcing to logistics to recycling to disposal. We have over 1,000 registered users, with over 100,000 water and disposal listings online representing billions of barrels of capacity.
Sourcewater has been honored by IHS CERAWeek as an Energy Innovation Pioneer, by Imagine H2O as a Global Finalist, by the Oil & Gas Awards as New Technology of the Year, by Tudor, Pickering, Holt as an Energy Disruptor, by the CleanTech Open with the first CTO Water Prize, by SxSW Eco, by the Rice Energy Alliance, by MassChallenge, by the National Renewable Energy Laboratory, and by the Northeast Water Innovation Network, which named Adler its first Water Innovator of the Year.
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Sourcewater, Inc., the leader in oilfield water intelligence, has closed a $7.2 million Series A share offering led by Bison Technologies, Marubeni Corp and major energy family offices. Houston, Texas, September 3, 2019: Sourcewater, Inc., the leading provider of oilfield water intelligence, closed a $7.2 million Series A share offering led by Bison Technologies, with major…
By Sergio Chapa, Houston Chronicle | August 29, 2019 Forget the moon. Forget Mars, too. While China, India, Russia and the United States jostle for an interplanetary edge, an intensifying space race is underway in the outer reaches of the earth’s atmosphere where energy companies are seeking to gain a competitive advantage in the Permian Basin.…
As you know, the Texas Rail Road Commission (TXRRC) has announced they are going to begin limiting pressure and volume allowances on salt water disposal wells even more than they already do. Inevitably, more restrictions are going to come. But, why do regulators care and why do they establish a limitation on salt water disposal…
Full Credit to: OIl and Gas 360 Water is not a traded commodity in the U.S., like iron ore, copper or coal, but it has become a critical factor to the companies that produce oil and gas from North America’s shale basins One of the biggest environmental and oil and gas production cost factors in…
By Joshua Adler The Permian Basin of West Texas and New Mexico has become the most active, most important oilfield in the world. IHS Markit estimates that over the next five years, Permian crude production will more than double – again — adding 60% of all net new crude production on Earth. Not only will…
Sourcewater, a Houston-based oilfield water intelligence company, recently acquired a competitor and is considering further acquisitions, said CEO Josh Adler. Adler, who is the principal owner, initially founded the company in 2014 as an online oilfield water and recycling marketplace, he said. He soon realized that the developing water ecosystem was generating demand for more…
Original Credit: Matt Zborowski, Technology Writer, Journal of Petroleum Technology 01 December 2018 A trip on Highway 285 between Fort Stockton, Texas, and Carlsbad, New Mexico, is both fascinating and horrifying for the average commuter in the US desert Southwest. The 140-mile stretch of two-lane road can take hours to traverse on a given day…
Based on volumes of production, the industry that calls itself “the oil and gas business” should properly be called the “saltwater business.” In some conventional and most shale plays, there are six or eight barrels (bbl) of water brought to the surface for every barrel equivalent of hydrocarbons. What to do with it? Posted on midstreambusiness.com…
Volumes of water pumped into Permian Basin oil wells surge with rising oil production, and oil companies in this arid region face renewed pressure to shore up supplies and curb their reliance on fresh water.
Midstream got its turn in the spotlight Thursday at the second day of the Permian Basin Water in Energy Conference at the Horseshoe Pavilion.
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