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40 Houston Startups to Watch in 2020
Oil field wastewater is more often being used for drilling and fracking operations in places such as Texas’ Permian Basin, experts say, helping to preserve freshwater and to solve one of the industry’s persistent problems.
Millions of gallons of water are needed to bring into production a single well for horizontal drilling and …
Read MoreWhere Will All the Water Go?
Published May 1, 2020 by The Permian Basin Petroleum Association Magazine As operators in the Permian and elsewhere across the United States and around the world announce capex cuts of 50 percent or more, drilling rigs are stacking up like dry bones in the valley. A two-thirds (so far) reduction in drilling means a similar…
Read MoreA message from Sourcewater CEO, Josh Adler
Dear Friends and Colleagues, We’re all shocked at the crash in energy markets over the past week. Producers are rushing to slash operating expenses to weather this storm, while hoping not to cripple future prospects. For many onshore oil wells, produced water management — water hauling, transfer and disposal — is the…
Read MoreOil industry is slowly finding a use for its wastewater
Oil field wastewater is more often being used for drilling and fracking operations in places such as Texas’ Permian Basin, experts say, helping to preserve freshwater and to solve one of the industry’s persistent problems.
Millions of gallons of water are needed to bring into production a single well for horizontal drilling and …
Read MoreSourcewater offers DirtWork Alert as leading indictor of drilling activity
Sourcewater has expanded its data offerings to include DirtWork Alert, notifying clients of work on drilling pads and frac ponds, often months in advance of a drilling permit being sought. By Mella McEwen, MRT.com/Midland Reporter-Telegram Sourcewater has developed a crystal ball that lets it predict future drilling activity. This crystal ball comes in the form of…
Read MoreSourcewater launches DirtWork Alert™ Satellite Intelligence for Permian Basin Sitework
Sourcewater scans the entire Permian every 3-5 days to spot well pad construction that predicts new drilling months before permits or rigs Houston, Texas. — February 5, 2020 — Sourcewater, Inc., announced DirtWork Alert, a patented oilfield satellite intelligence service. DirtWork Alert enables Sourcewater clients to see new Permian Basin oilfield development on the ground…
Read MoreSourcewater Awarded by Frost & Sullivan for Its Digital Water Intelligence Platform for the Energy Industry
Read the full report here. The data-driven Sourcewater platform quantifies, visualizes and predicts oilfield water production and disposal in the Permian Basin and other U.S. shale plays SANTA CLARA, California, Dec. 3, 2019 /PRNewswire/ — Based on its recent analysis of the North American upstream oil and gas (O&G) water supply chain market, Frost & Sullivan recognizes Sourcewater, Inc. with…
Read MoreSourcewater, Inc. Announces $7.2 Million Series A Funding
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…
Read MorePermian Space Race: Satellites become latest tool for competitive shale play.
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.…
Read MoreSourcewater Acquires Competitor’s Assets, Eyes Further Buys, CEO Says
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…
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