Market Insight

09/22/2015 Q3 2015 Water Market Insider: WestWater Research Announces 2014 Water Rights Price Index Results

WestWater Research is pleased to announce the 2014 Water Right Pricing Index update.  Water right prices continued to build on a strong 2013 with another year of double digit gains in 2014. Driven by drought, increased real estate development, and... Read More 

WestWater Research is pleased to announce the 2014 Water Right Pricing Index update.  Water right prices continued to build on a strong 2013 with another year of double digit gains in 2014. Driven by drought, increased real estate development, and continued economic recovery, water right prices soared to new highs.

 This edition of the Water Market Insider contains detailed analysis of the WRPIx, including major market moving regions and market drivers contributing to the strong price appreciation.  In addition, the current and historic performance of the WRPIx is compared with other leading indices.

Click Here for the Full Report

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08/18/2015 Trading Water Amid California’s Drought

Ongoing drought conditions in California continue to enforce the state’s need for regulation, legislation, and modernization when it comes to water rights.  A recent article published by Bloomberg Business Week explains how the history of water trading in California impacts... Read More 

Ongoing drought conditions in California continue to enforce the state’s need for regulation, legislation, and modernization when it comes to water rights.  A recent article published by Bloomberg Business Week explains how the history of water trading in California impacts the current water market, and how innovation can help rural and urban areas meet current and future water needs.  Clay Landry, Managing Director of WestWater Research offers insight on how compromise and creativity can ease conflict.

Read the full article here

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07/21/2015 Matt Payne Named Newest WestWater Principal

 Matt Payne has been named WestWater's newest Principal effective July 1, 2015. Matt leads the firm’s Phoenix office, and focuses his practice on water resource development and water asset transactions.  He advises a broad range of private, public, and non-profit sector... Read More 

Payne_Headshot 2015

 Matt Payne has been named WestWater’s newest Principal effective July 1, 2015.

Matt leads the firm’s Phoenix office, and focuses his practice on water resource development and water asset transactions.  He advises a broad range of private, public, and non-profit sector clients on economic, financial, and strategic issues related to water supply planning and implementation.  In recent years, Matt has been engaged by Arizona’s largest water provider to lead planning and implementation of the most extensive renewable water acquisition program in the United States.  The program has executed nearly $100 million in water transactions, ranging from rotational farm fallowing agreements to acquisition and development of reclaimed water.

For private equity and industrial clients, Matt originates water and wastewater investments, and leads due diligence in support of transactions.  He frequently works as a part of multidisciplinary teams, contributing economic and financial analytical capabilities to water resource and integrated utility planning projects.  Matt holds an M.B.A. from the W.P. Carey School of Business at Arizona State University, and a B.A. in economics from Colorado College.  He has published extensively in industry and peer-reviewed journals.

“We are delighted to recognize the tremendous value that Matt provides to our clients,” says WestWater Research Managing Director Clay Landry.  “Matt embodies the qualities of outstanding client service, integrity, skill, and work ethic that differentiate WestWater from other firms, and enable our team to deliver superior results for clients.  We are excited and fortunate to have him as a partner.”

Matt can be reached at WestWater’s Phoenix office.

Tel: (602) 595-7009
4747 N. 7th Street, Suite #412
Phoenix, AZ 85014
Payne@waterexchange.com

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06/18/2015 Water Right Risks and Agricultural Lending

An Oregon based Environmental & Natural Resource Law expert recently posted an article that provides some important and interesting insights on water values that should be considered and evaluated by financial institutions involved in agricultural lending. Click here for the full... Read More 

An Oregon based Environmental & Natural Resource Law expert recently posted an article that provides some important and interesting insights on water values that should be considered and evaluated by financial institutions involved in agricultural lending.

Click here for the full article

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05/21/2015 Webinar: June 23, 2015 – Drought and Water Markets: Water Pricing and Market Strategies for Coping with Drought Conditions

Please join us for the next installment of our 2015 webinar series, Drought and Water Markets: Water Pricing and Market Strategies for Coping with Drought Conditions  on June 23rd, 1PM Eastern Time. Throughout the West, persistent drought conditions have increased the... Read More 

Please join us for the next installment of our 2015 webinar series, Drought and Water Markets: Water Pricing and Market Strategies for Coping with Drought Conditions  on June 23rd, 1PM Eastern Time.

Throughout the West, persistent drought conditions have increased the water supply risk to end users in all sectors of the economy.  Market approaches are providing an important tool to mitigate for the economic impacts associated with water supply shortages.  However, the long term potential for managing drought risk through market transactions is in the early stages of development.

This webinar provides an in-depth discussion on the progression of water market approaches and strategies to cope with drought conditions.  The webinar offers insights on water pricing during droughts and the influence of different market structures on trading activity.  Case studies and quantitative analyses offer insights to public and private sector water managers on how droughts are reshaping water markets in the West and how water markets can be used to address water supply risk.

Webinar Objectives:

  • You will gain an understanding of how water market pricing and trading activity have been influenced by drought.
  • You will gain insight into how institutional structure can influence the effectiveness of water markets in dealing with drought.
  • You will learn how participation in water markets can offer cost-effective solutions for addressing an uncertain water supply future.

Agenda:

I.  Drought Impact Overview and Water Supply Risk

a.  Regions with greatest economic risk and exposure

b. Market Performance and Pricing During Droughts

c. Why the economics of drought are changing – demand firming and the economic boom in agriculture; groundwater policy

II. The Use of Water Markets for Drought Management

a. Drought Emergency Strategies – Reactive Model

i. General Approach Description

1. Short Term – Stop Gap Leasing

2. Water Conservation/Buy Backs

ii. Overview of Regional Drought Emergency Programs

iii. Challenges and lessons learned with this approach

b. Long Term Drought Strategies – Proactive Model

i. General Approach Descriptions

1. Dry Year Options

2. Flexible Rotational Fallowing – Variation of Dry Year Options

3. Groundwater Banking

ii. Overview of Regional Long Term Drought Programs

iii. Challenges and considerations with this approach

III. Outlook for Drought Water Markets

Faculty:

Clay Landry, Managing Director, WestWater Research

Harry Seely, Principal, WestWater Research

Register Here

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05/12/2015 Radio Broadcast: How Water is Bought and Sold

Reporter Ryan Bradley recently contacted WestWater on a quest to buy some water rights. Ryan lives in California and given the drought, he thought buying some water would be a good idea.  Hear what he learned in his efforts. Listen... Read More 

Reporter Ryan Bradley recently contacted WestWater on a quest to buy some water rights. Ryan lives in California and given the drought, he thought buying some water would be a good idea.  Hear what he learned in his efforts.

Listen Here

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04/09/2015 Brett Bovee to Lead WestWater’s Colorado Office

Brett Bovee has been selected as the new Intermountain Regional Director to lead WestWater's Fort Collins, Colorado office. Bovee brings to WestWater over ten years of experience conducting a variety of engineering and water rights studies across the western United States. ... Read More 

Brett Bovee has been selected as the new Intermountain Regional Director to lead WestWater’s Fort Collins, Colorado office.

Bovee brings to WestWater over ten years of experience conducting a variety of engineering and water rights studies across the western United States.  Brett has specialized in Native American water rights settlements and court cases, and brings unique expertise in the areas of Tribal water planning and management. As a senior engineer with Natural Resources Consulting Engineers (NCRE), Brett performed dozens of investigations of water supply and demand for Federal, Tribal, and private clients, and has completed several more detailed studies of comprehensive water planning, irrigated agriculture development potential, and water project feasibility.

Brett holds B.S. and M.Eng. degrees in biological and environmental engineering from Cornell University, with a focus in water resources.  He is a licensed professional civil engineer in five western states, and is recognized as a professional hydrologist.

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03/31/2015 Webinar: The 2015 Water Market Outlook: Performance, Growth and Investments Trends in the Water Rights Sector

Increasing water scarcity coupled with rising demand has driven development of growing and robust water rights markets throughout the western United States. The markets are critically important for supplying water to high value sectors including agriculture, real estate development and... Read More 

Increasing water scarcity coupled with rising demand has driven development of growing and robust water rights markets throughout the western United States. The markets are critically important for supplying water to high value sectors including agriculture, real estate development and energy.

On Thursday, March 26th Clay Landry and Matt Payne of WestWater Research conducted a 90 minute Webinar to offer expert insight of water market fundamentals which included an up-to-date overview of water right trading activity, price trends and a forecast for the 2015 water rights market.

These industry experts discussed market fundamentals including an up-to-date overview of water right trading activity, price trends and a forecast for the 2015 water rights market.

To purchase a recording of this webinar, please call:  818-888-4444

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03/10/2015 WestWater attends 2015 Colorado Water Summit

Brett Bovee of WestWater’s Intermountain office attended the 2nd Annual Colorado Water Summit held on March 4-5 in Denver.  The Summit was organized and supported by local and national sponsors, exhibitors, and media partners to discuss the most critical issues affecting... Read More 

Brett Bovee of WestWater’s Intermountain office attended the 2nd Annual Colorado Water Summit held on March 4-5 in Denver.  The Summit was organized and supported by local and national sponsors, exhibitors, and media partners to discuss the most critical issues affecting current water policy.  Attendees heard from community leaders who offered informative insight about funding water projects in their area, and industry representatives shared their expert projections detailing the future of water in Colorado.  The Summit provided an opportunity for WestWater Research to educate potential clients about a variety of water focused services including valuation and market analysis.  WestWater continues to establish a professional network of partners, clients, and organizations who are committed to the future of Colorado’s water supply.  

WestWater thanks the organizers, sponsors, and numerous attendees of the 2015 Colorado Water Summit for the opportunity to share ideas and insight with a diverse group of water industry stake-holders. 

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11/25/2014 Environmental water market spending tops $560 million

Environmental water market activity has shown significant growth over the last ten years. Total expenditures on water acquired to protect streamflows across the western US have exceeded more than $560 million. These transactions have been critical for restoring stream flows... Read More 

Environmental water market activity has shown significant growth over the last ten years. Total expenditures on water acquired to protect streamflows across the western US have exceeded more than $560 million. These transactions have been critical for restoring stream flows for endangered fish species as well as improving water quality.

Over the last decade, federal and state agencies as well as a growing number of private organizations have become a major part of overall trading activity. The latest Water Market Insider released by WestWater Research estimates that environmental transactions accounted for 40% of the total volume that was traded from 2003-2012. These transactions have had a significant impact on stream flows. In 2012, environmental transactions added nearly 1.3 million acre feet of additional flows to streams across the western US. While the market is most active in the Pacific Northwest, almost all western states have had some environmental trading activity.

The latest Water Market Insider highlights the unique aspects of the environmental water market including regional differences, and reports market trends in price and trading volume.

Click here for the full report: Water Market Insider Q4 2014

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