Press
Sourcewater, 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…
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…
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