Press
Sourcewater 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…
Read MorePermian Pulse: Using Satellite Imagery Analytics To Track the World’s Busiest Oil Play
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…
Read MoreSourcewater Featured in Midstream Business Magazine: Water Management: Three Pipes in a Ditch
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…
Read More"Boom brings renewed push for water projects:" Sourcewater featured in OA Online
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.
Read More"Water demand gives rise to new midstream market:" Sourcewater featured in MRT
Midstream got its turn in the spotlight Thursday at the second day of the Permian Basin Water in Energy Conference at the Horseshoe Pavilion.
Read MoreSourcewater featured on NPR: A Market Solution to Texas Groundwater Woes
Fracking has dramatically increased the demand for water in the nation’s most productive oil field, Texas’ Permian Basin. Water usage has already risen sixfold since 2011, and according to research firm IHS Markit, demand will double again by the end of this year.
Read MoreSourcewater founder Josh Adler presents at the Tudor, Pickering, Holt Energy Disruption Conference Austin, Texas, November 10, 2017
Sourcewater announces strategic funding from Marubeni Corporation
Sourcewater.com, the water marketplace for the energy ecosystem, received funding from Marubeni Corporation, a fortune global 500 trading and investing conglomerate. HOUSTON, TEXAS – September 18, 2017 – Sourcewater, Inc. (www.sourcewater.com), a spinout from MIT’s Energy Ventures program, announced that it had received funding from Marubeni Corporation (www.marubeni.com), a $65-billion revenue global trading company that is…
Read MoreIn the Permian Basin, a rush to become the ‘Uber for the oil field’
Network effects matter, even with water trucks and drilling rigs. By Lydia DePillis, Houston Chronicle | February 24, 2017 MIDLAND — On a highly traveled stretch of highway heading out of this West Texas city, Tim Greer turned into a lot near a disposal well and pulled open the door to a wooden shed that has been…
Read MoreStartup offers “online booking” for industrial water
MIT alum’s website helps companies find, ship, and recycle water, reducing environmental impact. Rob Matheson | MIT News Office January 4, 2017 MIT alumnus Josh Adler MBA ’13 is a matchmaker. In the mid-1990s, he launched and sold Amour.com, one of the first online matchmaking websites, which is still operating today. Two decades later,…
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