Sourcewater gathers data from its online water marketplace, proprietary satellite imagery analytics, hundreds of government databases, market research, and IoT sensors to generate holistic, geospatial insights into oilfield water markets. The company positions itself as the trusted market intelligence provider at the center of the energy–water nexus, focused on upstream water sourcing, recycling, transport and disposal. Sourcewater plans to use the new funding to build its data science and engineering team in Houston and to develop more timely, complete and accurate data gathering and analysis systems. Leadership emphasizes the scale of oilfield water (more than ten barrels of water per barrel of oil in the Permian Basin) and frames water management as a majority upstream production cost and a primary constraint on energy production. The company was founded from MIT’s Energy Ventures program in 2014 and is based in Houston. Sourcewater has received industry recognition including IHS CERAWeek Energy Innovation Pioneer and other awards noted in the article.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2019