Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
A Market Solution To Texas Groundwater Woes?
From Marfa Public Radio: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.
The market for water is booming, but many in west Texas worry about the depletion of groundwater. But there are new market developments that could meet the demand for frack water and mitigate environmental concerns at the same time.
It takes an average of 500,000 barrels of water to frack a single oil well, according to Joshua Adler, the Founder and CEO of a startup called Sourcewater, an online marketplace for frack water.
“We’re a marketplace for water logistics, so it’s kind of like Expedia,” explains Adler.
So, if you’re in the business of fracking and need water, you simply go online, type in your location and browse nearby listings. You can also sell your water. The majority of the budding startup’s users are in west Texas. “Our competition isn’t really other technologies,” says Adler. “It’s the old way of doing things.”
Read more: http://www.texasstandard.org/stories/a-market-solution-to-texas-groundwater-woes/
