A groundbreaking study led by UT Geography Alum (2011) Charles Wight, associate professor Eugenio Arima, and their colleagues revealed how active the water market in Texas is. Their research uncovered over $1.3 billion in water trades, involving a massive 4 million acre-feet—enough water to supply almost 15 million US households for a year.Charles Wight emphasized the significance of the study’s findings, stating,