Sourcewater, Inc. Announces Acquisition of Digital H2O Data and Technology
Summary
HOUSTON--( BUSINESS WIRE )--Sourcewater, Inc., ( www.sourcewater.com ) the leading provider of oilfield water intelligence, announces that it has acquired the data and technology of Digital H2O, Inc., a subsidiary of Genscape, Inc., the leading global provider of real-time data and intelligence for commodity and energy markets.Joshua Adler, Founding Chief Executive of Sourcewater said, “Digital H2O was a pioneer in the oilfield water data space.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.”
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