Devotion comes from Genesis 37:18-36 which covers the plot of Joseph’s brothers against Joseph. Here is a link to that chapter. http://www.biblegateway.com/passage/?search=Genesis+37&version=NASB
I will quote the following verses.
“When they saw him from a distance and before he came close to them, they plotted against him to put him to death. They said to one another, “Here comes this dreamer! Now then, come and let us kill him and throw him into one of the pits; and we will say, ‘A wild beast devoured him.’ Then let us see what will become of his dreams!” But Reuben heard this and rescued him out of their hands and said, “Let us not take his life.” Reuben further said to them, “Shed no blood. Throw him into this pit that is in the wilderness, but do not lay hands on him”—that he might rescue him out of their hands, to restore him to his father. So it came about, when Joseph reached his brothers, that they stripped Joseph of his tunic, the varicolored tunic that was on him; and they took him and threw him into the pit. Now the pit was empty, without any water in it.
Then they sat down to eat a meal. And as they raised their eyes and looked, behold, a caravan of Ishmaelites was coming from Gilead, with their camels bearing aromatic gum and balm and myrrh, on their way to bring them down to Egypt. Judah said to his brothers, “What profit is it for us to kill our brother and cover up his blood? Come and let us sell him to the Ishmaelites and not lay our hands on him, for he is our brother, our own flesh.” And his brothers listened to him. Then some Midianite traders passed by, so they pulled him up and lifted Joseph out of the pit, and sold him to the Ishmaelites for twenty shekels of silver. Thus they brought Joseph into Egypt.” Genesis 37:18-28.
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God delivered Joseph from the literal waterless pit. God delivers us from the figurative waterless pit of the helplessness and misery and destruction of being dead in our sins.
“He brought me up out of the pit of destruction, out of the miry clay, And He set my feet upon a rock making my footsteps firm.” Psalm 49:2.
“1 Bless the Lord, O my soul,
And all that is within me, bless His holy name.
2 Bless the Lord, O my soul,
And forget none of His benefits;
3 Who pardons all your iniquities,
Who heals all your diseases;
4 Who redeems your life from the pit,
Who crowns you with lovingkindness and compassion;
5 Who satisfies your years with good things,
So that your youth is renewed like the eagle.” Psalm 103:1-5.
“… It is You who has kept my soul from the pit of nothingness, For You have cast all my sins behind Your back.” Isaiah 38:17.
“55 I called on Your name, O Lord,
Out of the lowest pit.
56 You have heard my voice,
“Do not hide Your ear from my prayer for relief,
From my cry for help.”
57 You drew near when I called on You;
You said, “Do not fear!”
58 O Lord, You have pleaded my soul’s cause;
You have redeemed my life.” Lamentations 3:55-58.
“I descended to the roots of the mountains. The earth with its bars was around me forever, But You have brought up my life from the pit, O Lord my God.” Jonah 2:6.
Reformed Doctrine Daily Devotions 