Market Insight

09/21/2020 Launching Q4 2020: A clear solution to water price risk management

We are thrilled by CME's launch of the first-ever regulated, exchanged-traded risk management tool for water futures based on the Nasdaq Veles California Water Index. The NQH2O index is based in part on data derived from our own Waterlitix™ database.... Read More 

We are thrilled by CME’s launch of the first-ever regulated, exchanged-traded risk management tool for water futures based on the Nasdaq Veles California Water Index. The NQH2O index is based in part on data derived from our own Waterlitix™ database. Our water pricing database is a reflection of our past and present, a product of our ongoing transaction and consulting experience in the water rights space.

Visit cmegroup.com for more information

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09/03/2020 Does Colorado Need a New Price Index?

Colorado-Big Tompson (CBT) contract units have long been the reference point for pricing water shares in Colorado. As supply dwindles, the water market in Colorado is looking for a new benchmark to make planning and policy decisions. Brett Bovee who... Read More 

Colorado-Big Tompson (CBT) contract units have long been the reference point for pricing water shares in Colorado. As supply dwindles, the water market in Colorado is looking for a new benchmark to make planning and policy decisions.

Brett Bovee who manages WestWater’s Fort Collins office has offered some insight in the most recent issue of the Colorado Real Estate Journal.

Click here for the full story.

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07/31/2020 CWCB Releases ATM Status Report

WestWater Research recently led an assessment of the past 15 years of effort by the Colorado water community and state government in developing water transfers that do not result in the permanent loss of irrigated lands. These Alternative Transfer Methods... Read More 

WestWater Research recently led an assessment of the past 15 years of effort by the Colorado water community and state government in developing water transfers that do not result in the permanent loss of irrigated lands. These Alternative Transfer Methods (or ATMs) have found some success but there remain long-known hurdles to greater adoption and utilization in the Colorado water market. The project team provides several recommendations on how state government can work to expand use of ATMs, but also highlights the need to expand the toolkit of activities that are being pursued by the state in order to address the loss of irrigated lands due to water transfers.

For more information click here

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07/06/2020 WestWater Welcomes New Staff in California and Colorado

WestWater is pleased to announce and welcome several new employees to our team.  Claire MaddenEllen YeatmanPeter Tomlin Claire Madden, Research Associate Sacramento, California Claire Madden has joined our California office in Sacramento as a Research Associate, and will be focused... Read More 

WestWater is pleased to announce and welcome several new employees to our team. 

Claire Madden, Research Associate
Sacramento, California

Claire Madden has joined our California office in Sacramento as a Research Associate, and will be focused on water market analysis, economic and financial modeling, and transaction research. 

Ms. Madden holds a BSc in Community Development and Applied Economics from the University of Vermont, where she focused on ecological economics and food systems, culminating in an honors thesis analyzing the economic inefficiencies of water rights allocation structures in the United States. In 2020, Claire earned an MSc in Environmental Science and Management from the Bren School of Environmental Science & Management at the University of California, Santa Barbara, where her focus was in freshwater management and environmental economics. As a recipient of the Sustainable Water Markets Fellowship at the Bren School, Claire has had the opportunity to investigate a multitude of intricacies related to water transactions and water market design that generate both economic and environmental returns. Claire’s graduate work included analyzing how water risk translates to economic risk for farmers and farm lenders in California’s Central Valley, how global trends in groundwater levels over the past half-century may inform best management practices, and how the implementation of SGMA may provide more opportunities to re-envision water management strategies in California. 

Ellen Yeatman, Summer Associate
Fort Collins, Colorado

Ellen Yeatman has been chosen to serve an associate internship with WestWater’s Fort Collins Colorado office, where she will perform market research and assist with client projects, including valuation reports, economic studies, and policy planning efforts.

Ellen holds a B.S. in Environmental Science with a minor in chemistry and microbiology from Washington and Lee University in Lexington, Virginia.  She has worked professionally as a water quality field technician for the Wyoming Department of Environmental Quality, Watershed Protection Program with the Surface Water Monitoring Team.

In 2020, Ms. Yeatman earned her M.S. in Agricultural and Applied Economics with a concentration in Water Resources from the University of Wyoming. While completing her degree, Ellen worked as a Graduate Research Assistant for the University’s Department of Agricultural and Applied Economics studying voluntary, temporary, and compensated reductions in agricultural water use in the Colorado River Basin. For her thesis research, Ellen worked with Professor Kristi Hansen to create a linear optimization model of wetland, return flow, and financial tradeoffs of compensated agricultural water conservation in the Wyoming-portion of the Colorado River Basin.  Ellen developed the model through speaking and working with ranchers directly and understands the on-the-ground water quality and quantity management challenges facing the Colorado River Basin, and other basins across the arid West.

Peter Tomlin, Summer Associate
Fort Collins, Colorado

Peter Tomlin has accepted a position as an Associate Intern with WestWater Research and will spend this fall working in the firm’s Fort Collins, Colorado office.

Peter holds an M.B.A. from the University of Chicago Booth School of Business with concentrations in Finance and Entrepreneurship. He also received his B.E. in Chemical and Biomolecular Engineering from Vanderbilt University in Nashville, TN. 

Previously, Peter worked for McNally Capital, a Chicago-based private investment firm that partners with family offices and high net worth investors to make direct investments. Peter spent most of his time pursuing an investment thesis on the water/energy nexus and evaluated numerous transactions in the water and wastewater sectors. Prior to McNally Capital, Peter was a field engineer with Schlumberger and has experience working across five continents.

More About Summer Associates

WestWater’s Summer Associate program is a three-month internship open to qualified graduate and undergraduate students who have an interest in studying Resource or Agricultural Economics, Economics, Finance, Business, or a related field. The program is an ideal opportunity for those who are seeking professional experience in water rights marketing, water asset valuation, water project consulting, and water resource investments. 

About WestWater Research

WestWater Research is the leading economic consulting firm providing valuation, market analysis, planning, and transaction advisory services to the water resources sector.  We offer a national reach with five regional offices that connect strong relationships across the water resource and financial industries.

WestWater is the exclusive data provider for the Nasdaq-Veles California Water Index (NQH2O), which tracks the spot price for California water entitlements. The Index, the first of its kind, benchmarks the price of water in a way that supports price discovery and allows for the creation of a tradable financial instrument to manage financial exposure associated with water supply risk. 

www.waterexchange.com

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06/16/2020 Q2 2020 Water Market Insider

Supply & Demand: An Update on California’s Spot-Market Responses to Hydrologic, Institutional, and Management Indicators The current issue of The Water Market Insider explores how the spot-market price of water observed across California responds to certain hydrologic, institutional, and management... Read More 

Supply & Demand: An Update on California’s Spot-Market

Responses to Hydrologic, Institutional, and Management Indicators

The current issue of The Water Market Insider explores how the spot-market price of water observed across California responds to certain hydrologic, institutional, and management indicators. Prices are found to respond to water scarcity, which is driven by natural factors, policy decisions, and water management. Price transparency in California’s water market has increased significantly with the launch of the Nasdaq Veles California Water Index (NQH2O), a first of its kind index that provides a benchmark for the spot-market price of water rights transacted across the state.

Read the full issue here

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06/16/2020 Podcast: Ripple Effect

06: To Market, To Market Brett Bovee was recently a guest on a new water podcast called Ripple Effects hosted by Emily Lewis. This edition of the podcast focused on water markets, transactions, and considerations for developing water bank frameworks.... Read More 

06: To Market, To Market

Brett Bovee was recently a guest on a new water podcast called Ripple Effects hosted by Emily Lewis. This edition of the podcast focused on water markets, transactions, and considerations for developing water bank frameworks.

Listen to the entire podcast here

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02/26/2020 Join us in Sacramento on March 18th

California Annual Water Market Outlook and Reception: The Role of Financial and Technology Innovations in US Water Markets If you are in the Sacramento area on Wednesday, March 18th, WestWater invites you to attend the California Annual Water Market Outlook... Read More 

California Annual Water Market Outlook and Reception:

The Role of Financial and Technology Innovations in US Water Markets

If you are in the Sacramento area on Wednesday, March 18th, WestWater invites you to attend the California Annual Water Market Outlook and Reception.  We will be discussing western US market fundamentals and overall performance during 2019, as well as what developments we can expect in 2020. Leading experts from Nasdaq and the Environmental Defense Fund (EDF) will be joining the discussion with insight on the acceleration water risk management through innovative new financial products and open-source trading platforms.  

Click here for more details and Registration

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02/25/2020 Join us in Phoenix on March 19th

Arizona Annual Water Market Outlook and Reception: The Role of Financial and Technology Innovations in US Water Markets If you are in the Phoenix area on Thursday, March 19th, WestWater invites you to attend the Arizona Annual Water Market Outlook... Read More 

Arizona Annual Water Market Outlook and Reception:

The Role of Financial and Technology Innovations in US Water Markets

If you are in the Phoenix area on Thursday, March 19th, WestWater invites you to attend the Arizona Annual Water Market Outlook and Reception.  We will be discussing western US market fundamentals and overall performance during 2019, as well as what developments we can expect in 2020. Leading experts from Nasdaq and the City of Phoenix will be joining the discussion with insight on the acceleration of water risk management through innovative new financial products and market exchange platforms.  

Click here for more details and Registration

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02/25/2020 2020 Summer Associate Opportunity

WestWater Research is currently seeking qualified graduate students for our 2020 Graduate Summer Associate Position.  This position provides exposure and applied experience in water resource valuation, financial modeling, and water market transactions and research. As a Summer Associate, qualified candidates have... Read More 

WestWater Research is currently seeking qualified graduate students for our 2020 Graduate Summer Associate Position. 

This position provides exposure and applied experience in water resource valuation, financial modeling, and water market transactions and research. As a Summer Associate, qualified candidates have the unique opportunity to spend three months working with leading experts in the water resources sector. WestWater has a tradition of hiring interns upon graduation and is actively seeking early-stage professionals interested in developing a career with the company. 

The Summer Associate position is competitive and based on applicants’ qualifications, ability to communicate information and concepts, and follow instructions and processes. 

Complete application packages are due by March 27, 2020.

For a detailed position description and application instructions, please review the link below.  

2020 Summer Associate Description

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01/21/2020 Q1 2020 Water Market Insider

Instream Capital: An Update on Environmental Water Markets Stability, Creativity, and the Need for Capital in the Environmental Water Market Environmental water markets are an important part of regional water planning and instream flow protection that largely did not exist... Read More 

Instream Capital: An Update on Environmental Water Markets

Stability, Creativity, and the Need for Capital in the Environmental Water Market

Environmental water markets are an important part of regional water planning and instream flow protection that largely did not exist 20 years ago. Over the last two decades, environmental water trading has expanded with transactions now reported in every western state. Despite this growth, market activity in recent years has stabilized in terms of both trading volume and total value transacted annually. This issue of the Water Market Insider examines the development and stabilization of environmental water trading and the issues affecting the further expansion of the market.

Read the full issue here

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