A volume measurement equal to one acre of surface area filled one foot deep, roughly 1,233 cubic metres. Common in water management contracts for tailings ponds, frac water storage, and site remediation. Subcontractors may be scoped and billed based on acre-feet of material moved or treated.
Acre-Feet
Related Terms
High-Impact Well
IndustryA well with significant technical complexity, cost, or strategic value to the operator. For subcontractors, these projects typically involve stricter oversight, specialised equipment, and higher performance expectations. Mobilisation windows and crew qualifications are often scrutinised more closely.
Instrumentation Upgrades
IndustryReplacement or modernisation of sensors, transmitters, and control devices on existing facilities. For subcontractors, this work is often scoped as short-duration projects requiring certified instrumentation technicians. Tight commissioning deadlines and client-supplied materials are common on these jobs.
Custody Transfer
IndustryThe formal handover point where ownership or responsibility for a measured quantity of oil, gas, or other product moves from one party to another — typically triggering billing, invoicing, or contractual obligations for subcontractors involved in metering, transport, or handling operations. Field service crews working custody transfer points must ensure measurements are accurate and fully documented, as discrepancies can directly affect client invoices and liability.
SPP (Southwest Power Pool)
IndustryA regional transmission organisation managing the electrical grid across 14 U.S. states. Subcontractors working on power infrastructure, grid upgrades, or energy facilities in this region must align with SPP reliability standards. Understanding SPP's operating rules helps field crews coordinate outages and energisation schedules.
Rig Count
IndustryThe number of drilling rigs actively operating in a region. Published weekly by Baker Hughes, the rig count is a leading indicator of activity levels in the oil and gas industry.
FFS (Fitness-for-service)
IndustryA structured engineering assessment that determines whether ageing or damaged equipment is safe to keep operating. Subcontractors are often hired to collect inspection data, run integrity tests, or execute repairs recommended by FFS evaluations. Understanding FFS scope helps field crews prioritise work orders and meet client fitness thresholds before returning assets to service.
Latest Industry News
Crescent Keeps Devon's Eagle Ford Rig Pace in $4.2B Cash Deal
Crescent Energy will buy Devon's Eagle Ford assets for about $4.2 billion and hold activity near the current 2-3-rig pace. The company targets $140 million in annual synergies by the end of 2027.
11 hours agoIndustryDoral Brings 900 MW of Indiana's Mammoth Solar Online After Peak Build
Three phases of Doral Renewables' Mammoth Solar Project in Pulaski County, Indiana, totaling 900 MWAC, are nearing commercial operation. Construction peaked at about 1,800 workers, so subs should focus on closeout, billing and operations work.
11 hours agoIndustryAnduril's $3.7B Baltimore County Shipyard: No Bid Stage Yet
Anduril plans a 2-million-sq-ft submarine-component complex at Sparrows Point, Md., with groundbreaking targeted for early 2027. No general contractor or bid packages have been announced, and the construction budget is undisclosed.
yesterdayIndustryArizona's Project Sterling Starts Building 509-MW Solar, 1.4-GWh BESS
ContourGlobal has begun construction on Project Sterling in Mohave County, Arizona, a 509-MW solar and 1.4-GWh storage site with a Tesla PPA. Local crews are on civil, road and logistics work.
yesterdayRelated Guides
How Operator Mergers and Acquisitions Affect Your Subcontract Agreements
When operators merge, get acquired, or sell assets, subcontractor agreements are caught in the middle. Learn how M&A activity affects your MSA, payment terms, vendor status, and what to do before, during, and after a deal closes.
Industry GuideHow Rig Count Trends Affect Subcontractor Demand and What to Do About It
Rig counts are the earliest signal of where field service work is heading. Learn how to read drilling activity trends, anticipate demand shifts, and position your crew before the phone stops ringing.
Industry GuideWhat Is an AFE in Oil and Gas and How Does It Affect Subcontractor Payments?
An AFE (Authorization for Expenditure) controls every dollar spent on an oilfield project. Learn how it affects your billing, change orders, and cash flow as a subcontractor.
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