News

The Crucial Importance of Water Handling in Oilfield Operations – An Oil & Gas 360® Special Report

December 14, 2018

Full Credit to: OIl and Gas 360 Water is not a traded commodity in the U.S., like iron ore, copper or coal, but it has become a critical factor to the companies that produce oil and gas from North America’s shale basins One of the biggest environmental and oil and gas production cost factors in…

How to Manage the Permian Basin Upstream Oilfield Water Crisis

December 8, 2018

By Joshua Adler The Permian Basin of West Texas and New Mexico has become the most active, most important oilfield in the world. IHS Markit estimates that over the next five years, Permian crude production will more than double – again — adding 60% of all net new crude production on Earth. Not only will…

Sourcewater Acquires Competitor’s Assets, Eyes Further Buys, CEO Says

December 6, 2018

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…

Permian Pulse: Using Satellite Imagery Analytics To Track the World’s Busiest Oil Play

December 6, 2018

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…

Sourcewater Featured in Midstream Business Magazine: Water Management: Three Pipes in a Ditch

April 6, 2018

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…

"Boom brings renewed push for water projects:" Sourcewater featured in OA Online

February 25, 2018

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.

"Water demand gives rise to new midstream market:" Sourcewater featured in MRT

February 22, 2018

Midstream got its turn in the spotlight Thursday at the second day of the Permian Basin Water in Energy Conference at the Horseshoe Pavilion.

Sourcewater featured on NPR: A Market Solution to Texas Groundwater Woes

January 19, 2018

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.

Sourcewater announces strategic funding from Marubeni Corporation

September 17, 2017

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…

In the Permian Basin, a rush to become the ‘Uber for the oil field’

February 28, 2017

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…

Predicting the Future: Why the Upstream Water Management Industry Needs a Water Marketplace

February 25, 2017

Benjamin Reed | Sourcewater February 25, 2017   As the Shale Boom took full swing in 2009, U.S. hydrocarbon production doubled, and Texas crude production jumped 250%.   U.S. oil and gas producers rushed to drill and frac as many wells as possible in hopes of capitalizing on the $100+ price of oil. The world…

Startup offers “online booking” for industrial water

January 5, 2017

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,…

The EnergyMakers interviews Sourcewater Founder Josh Adler on why operators are going online to cut their largest cost: Water

October 31, 2016

  Russ Capper sits down with Josh Adler, Founder and CEO of Sourcewater, the water exchange for the energy ecosystem. They discuss the significant cost of water in the production of unconventionals, and the potential savings offered by using Sourcewater’s online exchange for water sourcing, recycling, hauling and disposal. Click here to watch the full…

Marcellus Operators Save Money With Online Water Management

October 27, 2016

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…

Eagle Ford Frack Water Challenges To Parallel Price Recovery

October 24, 2016

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…

Sourcewater is a Finalist at SxSW Eco Startup Showcase in Austin, Oct. 10-12

September 7, 2016

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 shares insights on water management, entrepreneurship

May 6, 2016

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…

The Oil Business is the Water Business

May 5, 2016

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

March 31, 2016

  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…