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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Marcus Gay, Novus Technical Services LLC Wednesday, October 26, 2016 – 9:30am There are few good options for water sourcing and disposal for upstream energy producers in Pennsylvania. The practical solution that has evolved in the region is operator-to-operator trades of produced fluid and freshwater. Most operators have participated in at least one or…
Steve Toon Editor-In-Chief, Oil and Gas Investor Hart Energy Wednesday, September 28, 2016 – 11:21am SAN ANTONIO—Despite the sharp fall in the number of wells being drilled in the Eagle Ford Shale over the past couple years, a significant increase in lateral lengths and proppant loading has actually elevated the amount of water used in…
Austin, TX – August 25, 2016 – Sourcewater, the water exchange for the energy ecosystem, has been selected to pitch as a Finalist in the Water category of the 2016SXSW Eco Startup Showcase where they will present their online marketplace for sourcing, recycling, transporting and disposing of water for energy production. SXSWEco, a conference that celebrates the…
Sourcewater CEO Josh Adler founded the company after he realized there was no central place where operators could obtain immediate, competitive, transparent pricing and supply of water services. Over a year into the oil price collapse, the upstream energy sector is struggling to survive the economic shock with layoffs, stacked rigs, and new attention to…
Most people outside the energy industry don’t know that the average onshore oil well produces ten times the volume of water as oil, all day, every day. In fact, the cost of dealing with this “produced water” is the primary cost of operating an oil or gas well. Moving, treating and disposing of water is half to two-thirds…
Sourcewater, Inc., Awarded “New Technology Development of the Year – Software” by the 2016 Northeast Oil & Gas Awards
The Oil & Gas Awards announced this year’s annual Northeast Oil & Gas Awards recipients in recognition of those companies who excel in the key areas of Health & Safety, Operational Excellence, Innovation, Corporate Social Responsibility and Environmental Stewardship. For Immediate Release / Thursday, March 31, 2016 / News Release Sourcewater, Inc. attended the…
News Release The Global Water Summit 2016, April 19-20 in Abu Dhabi, is focused on the future of global water resources. Leaders in the water industry from business, government and academia will gather to discuss the theme of “Water 2050: the Future is Now.” Josh Adler, Founder and CEO of Sourcewater, lends his expertise…
Boston, Mass., March 17, 2016. Sourcewater, the water exchange for the energy ecosystem, announces its founding chief executive Joshua Adler will be leading a roundtable discussion titled “Water Wars: Water Issues in Energy and Agriculture” at the Wall Street Journal ECO:nomics 2016 conference April 6-8 in Santa Barbara, California. The roundtable lunch discussion will take place on…
Joshua Adler Sourcewater, the online marketplace for water sourcing, recycling, transport and disposal, announced today that Josh Adler, founding CEO, will present “Making a Case for Water Sharing” at the 6th Annual Low Cost Produced Water Management: Marcellus and Utica Congress 2016 in Pittsburgh, PA. Adler will speak at 11 a.m. on March 30 at…
Josh Adler, CEO of Sourcewater, talks with Samir Nangia of IHS about innovative solutions in water management.
(CLICK HERE TO WATCH THE VIDEO)
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