A block of land held under lease by an operator for exploration or production activity. For subcontractors, active acreage signals where drilling, completions, or facility work is likely to be awarded. Larger acreage positions often mean longer-term, repeat work opportunities in a region.
Acreage
Related Terms
Marine Foundation
IndustryA structural base system that anchors offshore platforms, wind turbines, or subsea equipment to the seabed. Subcontractors may support installation, inspection, or repair work on pile-driven, gravity-based, or suction caisson foundations. Scope can include diving services, grouting, and non-destructive testing.
Deepwater
IndustryRefers to offshore oil and gas operations conducted in water depths exceeding 300 metres, where subcontractors and field service crews must hold specialised certifications, work within stricter regulatory frameworks, and often face extended mobilisation timelines and higher equipment day-rates.
Oilsands
IndustryBitumen-rich deposits in northern Alberta requiring large-scale extraction and upgrading operations. For subcontractors, oilsands projects involve extended scopes, remote site conditions, and strict client safety programmes. Work is typically tied to major operators like Suncor, CNRL, or Imperial Oil.
Service Company
IndustryA company that provides specialized services to oil and gas operators, such as drilling, completions, workover, transportation, or maintenance. Also called oilfield services (OFS).
Run Schedule
IndustryA timeline that outlines when specific tools, equipment, or crews are deployed downhole or on-site during an operation, dictating when a subcontractor's services are required and for how long. For field service companies, the run schedule directly determines mobilisation timing, crew rotations, and invoiceable hours on location.
Trenchless
IndustryA method of installing or repairing underground pipelines and conduits without open excavation. Techniques include horizontal directional drilling (HDD) and pipe bursting. Subcontractors working trenchless scopes need specialised equipment and certified operators.
Latest Industry News
Battalion Oil Plans Eight-Well Cube Development at Ward County Permian Acreage
Battalion Oil has signed a joint development agreement for an up to eight-well drilling program at its Monument Draw acreage in Ward County, Texas, targeting the Wolfcamp and Bone Spring formations with drilling set to begin mid-2026.
4 months agoIndustryMatador Closes $1.255B Paloma Deal, Adds 156 Locations in NM
Matador Resources closed its $1.255 billion Paloma acquisition, adding about 16,500 net acres in Eddy and Lea counties, New Mexico. It plans to drill up to 25 wells on the acreage by year-end 2027 and will detail fourth-quarter plans in early November.
5 days agoIndustryMidway Energy Partners Sells Permian Assets to Multiple Buyers
Midland-based Midway Energy Partners has completed a divestiture of Permian Basin assets to multiple operators, according to Post Oak Energy Capital. The sale could trigger new operator onboarding and contract re-bids across affected acreage.
3 months agoIndustryBLM Sets June 2026 Lease Sale for Alaska's Arctic Coastal Plain
The Bureau of Land Management will hold an oil and gas lease sale on June 5, 2026, covering acreage in Alaska's Arctic National Wildlife Refuge Coastal Plain, continuing a federally mandated leasing program for the region.
5 months agoRelated 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.
Stay sharp on field operations
Industry news and insights, delivered to your inbox.
Subscribe to FieldNews
