FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Batch Drilling

A method where multiple wells are drilled to the same depth or stage before moving to the next phase across all wells. Subcontractors should expect high-volume, repetitive scopes with tight sequencing between crews and equipment. Mobilisation efficiency and crew continuity are critical to keeping pace with the operator's schedule.

Related Terms

Henry Hub

Industry

A natural gas pricing benchmark set at a Louisiana pipeline hub, widely used in North American supply contracts. When Henry Hub prices rise, upstream activity increases and subcontractor demand typically follows. Monitoring this index helps field service companies anticipate project volumes and negotiate rates.

SPP (Southwest Power Pool)

Industry

A 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.

Wireline

Industry

A method of lowering tools, instruments, or equipment into a wellbore via a steel cable, commonly used for well logging, perforating, and intervention services. For subcontractors, wireline work is typically scoped as a specialised service requiring certified operators and dedicated equipment spreads.

Highway Trust Fund

Industry

A U.S. federal fund that finances highway and infrastructure construction projects. Subcontractors bidding on federally funded road or infrastructure work must meet strict compliance and wage requirements tied to this funding. Budget cycles and congressional approvals directly affect project timelines and payment schedules.

Kelly Bar

Industry

A heavy, telescoping steel rod that transmits rotary torque from a drill rig to the auger or cutting tool. Subcontractors operating foundation or piling rigs must inspect kelly bars regularly for wear and cracking. Damage affects drilling performance and can cause costly downtime on tight project schedules.

JETI (Jobs, Energy, Technology and Innovation)

Industry

A federal Canadian government initiative supporting energy sector growth through workforce development and clean technology investment. For subcontractors, it signals funding opportunities and contract activity tied to energy transition projects. Companies aligned with JETI priorities may access grants or preferred procurement in oil, gas, and construction.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio