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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…

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…

Global Water Summit 2016 in Abu Dhabi Features Sourcewater Founding CEO Josh Adler

March 24, 2016

  News Release The Global Water Summit 2016, April 19-20 in Abu Dhabi, is focused on the future of global water resources. Leaders in the water industry from business, government and academia will gather to discuss the theme of “Water 2050: the Future is Now.” Josh Adler, Founder and CEO of Sourcewater, lends his expertise…

Sourcewater CEO Adler leads WSJ ECO:nomics Roundtable on Water Wars in Energy and Agriculture

March 23, 2016

Boston, Mass., March 17, 2016. Sourcewater, the water exchange for the energy ecosystem, announces its founding chief executive Joshua Adler will be leading a roundtable discussion titled “Water Wars: Water Issues in Energy and Agriculture” at the Wall Street Journal ECO:nomics 2016 conference April 6-8 in Santa Barbara, California. The roundtable lunch discussion will take place on…

6th Annual Low Cost Produced Water Management Marcellus and Utica Congress 2016 in Pittsburgh

March 16, 2016

Joshua Adler Sourcewater, the online marketplace for water sourcing, recycling, transport and disposal, announced today that Josh Adler, founding CEO, will present “Making a Case for Water Sharing” at the 6th Annual Low Cost Produced Water Management: Marcellus and Utica Congress 2016 in Pittsburgh, PA. Adler will speak at 11 a.m. on March 30 at…

Sourcewater Selected as Top Ten Water Data Challenge Finalist by Imagine H2O

January 21, 2016

For Immediate Release Sourcewater was selected as one of ten international finalists out of 90 entrants worldwide for the Imagine H20 Water Data Challenge, the most established and prestigious water tech startup competition. Sourcewater will join Imagine H20’s portfolio of over 60 water technology companies, which collectively represent over 10% of all early-stage investment in…

Sourcewater Founder Josh Adler to Speak at Produced Water Society, Houston

January 19, 2016

  For Immediate Release Sourcewater, the water exchange for the energy ecosystem, announced that its founding chief executive Joshua Adler will be a featured speaker at the Produced Water Society Annual Seminar at the Omni Westside Hotel in Houston, Texas, January 26-28, 2016. This year’s meeting will focus on reducing the cost of oil and…

Trending Startups – Joshua Adler

January 18, 2016

  Joshua Adler Getting water to the right well at the right time is a constant challenge for oil and gas operators, but one startup company is hoping to make it easier and more efficient with an online service called Sourcewater. The following presentation is part of the Technology and the Corporation Conference Series sponsored…

IHS Names Sourcewater, Inc., an Energy Innovation Pioneer for 2016

January 11, 2016

For Immediate Release IHS, the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape, has named Sourcewater, Inc. an Energy Innovation Pioneer for 2016. Sourcewater will be featured at CERAWeek, the world’s premier energy industry gathering, to be held February 22-26 in Houston. Sourcewater, a spinout from MIT’s Energy…