Sourcewater, the online water exchange for the energy ecosystem, was presented with the award for New Technology Development of the Year at the The 4th annual Northeast Oil & Gas Awards. The awards ceremony honored the brightest work being done in the Upstream and Midstream Oil & Gas Industry at their red carpet gala in Pittsburgh, Pennslvania on March 30,, 2016. The New Technology Development category highlights advances in technology that lead to cost savings, streamlining operations, reducing environmental impact and improving health and safety standards. The winner is acknowledged for significant contributions that make the market more efficient.
“We appreciate this prestigious recognition for our work advancing energy industry best practices for efficiency and intelligence in water management,” said Josh Adler, founder and CEO of Sourcewater. “Of course our most important recognition is that almost every leading energy company in the Northeast has joined the Sourcewater platform, and we work with them every day to solve their water sourcing, recycling, transportation and disposal challenges.”
Entry is by invitation only, and awards are based on client testimonials, news and media features, editorial publications, product or project specific corporate collateral, photography, web links and video. The featured Guest of Honor was Senator Scott Wagner, joining other esteemed guests such as PIOGA president and executive director Louis D’Amico, Colorado Gov. John Hickenlooper, Texas RRC Commissioners Ryan Sitton and Christi Craddick, and Lieutenant Governor of Alberta Lois Mitchell.
About the Oil & Gas Awards
The Oil & Gas Awards recognize the outstanding achievements made within the upstream and midstream sectors of the North American oil and gas industry. The Awards are a platform for the industry to demonstrate and celebrate the advances made in the key areas of environment, efficiency, innovation, corporate social responsibility and health and safety. The Awards show the industry’s motivation to develop by recognizing and rewarding the efforts of corporations and individuals. For more information about the Oil & Gas Awards, all regional awards and award categories can be reviewed on their website at www.oilandgasawards.com.
Sourcewater is the water exchange for the energy ecosystem, first envisioned by CEO Josh Adler while a Sloan Fellow for Innovation and Global Leadership at MIT. Sourcewater’s online marketplace enables energy companies to minimize their single largest operating cost, water management. Sourcewater ensures a reliable mission-critical supply chain and reduces the environmental and community impacts of energy production through market-based incentives. Hundreds of companies have joined Sourcewater.com since its launch in April 2015, including many of the leading energy producers. Over one billion of barrels of water, treatment, hauling, recycling and disposal capacity are now available online.
Josh Adler is a successful entrepreneur, angel investor, and world-class communicator who has founded energy, real estate, medical technology, and Internet companies, and served as the Chief Speechwriter to two United States Treasury Secretaries. He is a graduate of Yale University and the Massachusetts Institute of Technology whose writing has appeared in The New York Times, The Wall Street Journal, The Washington Post, and The Economist.