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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The single biggest cost of operating an oil or gas well in the U.S. is the cost of transporting and disposing of the “water cut” – the water that comes up with the oil and gas for the life of the well. This can be over 50% of total operating cost. Water management cost…
A Spot Market for Water – Sourcewater Pioneers an Exchange for Trading and Recycling Water for Oil and Gas Production and Other Operations
Eric Bender Studying energy ventures as a Sloan Fellow in 2012, Josh Adler was struck by the enormous expansion of unconventional oil and gas production in recent years. “Anything that’s become that big that fast has to have all kinds of chaos in its supply chains and operations, and all kinds of problems to solve,”…
Sourcewater—B2B Exchange for Water in Unconventional Energy Production—to Present at Cowen & Company 4th Annual Ultimate Energy Conference
CAMBRIDGE, Mass., November 25, 2014 Sourcewater, an MIT spin-off addressing the critical challenges at the intersection of water supply and energy production, today announced that company founder Josh Adler will address the Cowen & Company 4th Annual Ultimate Energy Conference. The event will be held December 2-3, 2014, at the New York Hilton Midtown in…
Sourcing Water – MIT startup offers an online marketplace to help energy producers connect with water sources
Amy McIntosh MIT startup offers an online marketplace to help energy producers connect with water sources Hydraulic fracturing is a rapidly growing industry that demands large amounts of water for short periods of time, in locations that often do not have a great supply. W&WD Associate Editor Amy McIntosh spoke with Josh Adler, founder of…
Martin LaMonica, October 2, 2014 Entrepreneur Josh Adler was attending a lecture on fracking at MIT’s Sloan School of Management when the magnitude of the domestic oil and gas boom hit him. Like many Americans, he had no idea that fracking had exploded-there’s on the order of 20 times more drilling with fracking-in just…
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