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Sourcewater acquires Digital H2O

Sourcewater, Inc., the leader in oilfield water intelligence, has acquired the data and technology of Digital H2O, Inc., the leading provider of oilfield saltwater disposal data, from Genscape, Inc.

FOR IMMEDIATE RELEASE

Houston, Texas, November 27, 2018:
 Sourcewater, Inc., (www.sourcewater.com) the leading provider of oilfield water intelligence, has acquired the data and technology of Digital H2O, Inc., a subsidiary of Genscape, Inc.

Joshua Adler, Founding Chief Executive of Sourcewater said, “Digital H2O was a pioneer in the oilfield water data space. With the addition of their saltwater disposal analytics service and data archives to our industry-leading geospatial water intelligence platform, Sourcewater is now the definitive source for oilfield water market data both in to and out from the well pad. In the Permian Basin, we know where most fresh, brackish, produced and flowback water comes from, where it goes, who has it, who needs it, and how much they are paying. Now we can also show the flow rates and logistical relationships between every operator lease and every commercial disposal in Texas, and the capacity utilization of saltwater disposal and injection wells in most of the major shale plays. Water sourcing and disposal capacity are becoming the primary constraints on energy production in the Permian Basin and many other key regions, and Sourcewater is ideally positioned to ride this wave.”

Jon Ecker, CEO of Genscape said, “We were pleased to reach an agreement for Sourcewater, Inc. to acquire the technology and data of Digital H2O to expand their service. Through this transaction, Sourcewater will solidify its leading position in oilfield water intelligence and provide a truly comprehensive, end-to-end solution for its customers.”

Sourcewater will honor Digital H2O contract rates for customers that renew their annual contracts by December 31, 2018. Contact Sales@Sourcewater.com for details.

About Sourcewater

Sourcewater, Inc., (www.sourcewater.com) based in Houston, Texas, is the leading provider of oilfield water market intelligence. Sourcewater gathers data from its Sourcewater.com water marketplace, proprietary satellite imagery analytics, government regulatory filings, market research team, and IoT and SCADA sensors in the field to generate holistic, realtime insight into oilfield water market activity.

Sourcewater was founded as a spinout from MIT’s Energy Ventures program in 2014. Today over 1,000 companies and billions of barrels of water sourcing, recycling and disposal capacity are active on the Sourcewater.com marketplace and geospatial intelligence platform. Sourcewater has been honored by IHS CERAWeek as an Energy Innovation Pioneer, by Imagine H2O as a Global Finalist, by the Oil & Gas Awards as New Technology of the Year, by Tudor, Pickering, Holt as an Energy Disruptor, by the CleanTech Open with the first CTO Water Prize, by SxSW Eco, by the Rice Energy Alliance, by MassChallenge, by the National Renewable Energy Laboratory, and by NEWIN, which named founder Josh Adler its first Water Innovator of the Year.

FOR MEDIA INQUIRIES
Sourcewater
Contact: Joshua Adler
1-713-909-4664
Info@Sourcewater.com
 
Genscape
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency.
Contact: Tara Goode
1-859-473-4433
tgoode@genscape.com

Learn More at Sourcewater.com
2018 ©Sourcewater, Inc.
The Water Marketplace for the Energy Ecosystem
All rights reserved. Patent pending

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