A standardised unit of energy measurement that converts different types of oil and gas production into equivalent barrels of crude oil, used by operators to report total production volumes when determining project scope and service requirements for subcontractors.
BOE (Barrel of Oil Equivalent)
Related Terms
Stockpoint
IndustryA designated location where materials, parts, or equipment are staged for quick deployment to active job sites. Subcontractors often draw inventory from a client's stockpoint rather than sourcing independently. Knowing stockpoint locations reduces mobilisation delays and simplifies cost tracking.
SWD (Saltwater Disposal)
IndustryThe process of injecting produced water from oil and gas operations into approved underground formations. Subcontractors may operate or service SWD facilities, including pump maintenance, wellbore work, and fluid hauling. Understanding SWD volumes and schedules helps crews plan trucking, pit management, and injection equipment needs.
Mid-Continent
IndustryA regional designation covering oil and gas producing areas across Oklahoma, Kansas, and parts of surrounding states. For subcontractors, it signals a distinct labour market, regulatory environment, and client base. Mobilisation costs and crew logistics differ significantly from other North American basins.
Bcf/d (billion Cubic Feet Per Day)
IndustryA measure of natural gas production or pipeline throughput volume. Higher BCF/d figures on a project typically signal larger-scale operations requiring more field crews and equipment. Subcontractors can use this metric to gauge the scope and duration of potential work.
Behind-The-Meter
IndustryRefers to power generation or energy systems located on a client's side of the utility connection point. For subcontractors, this often means working on site-owned generators, solar arrays, or battery storage on industrial or remote worksites. Scopes here fall outside utility jurisdiction, affecting permitting and inspection requirements.
Upstream Tie-in
IndustryA connection point where new pipeline or equipment is integrated into an existing live system closer to the wellhead or source. For subcontractors, this work typically requires strict hot-work permits and precise scheduling around production shutdowns. Delays at tie-in points directly impact your crew's standby time and invoice milestones.
Latest Industry News
Alberta court appoints receiver for Halo Exploration, 379 boe/d producer
Halo Exploration enters receivership with 379 boe/d production and 420 drilling locations in Alberta's Montney and Duvernay plays.
2 months ago IndustryInterior Department to Merge BOEM and BSEE Into Single Offshore Agency
The Trump administration announced plans to reunite two offshore drilling oversight agencies that were split after the 2010 Deepwater Horizon spill, creating a new Marine Minerals Administration. Here's what that means for Gulf Coast and offshore subcontractors.
1 month ago IndustryCardinal Energy Reports Record Q4 Production at 23,514 boe/d Despite Lower Capital Spending
Cardinal Energy achieved record fourth quarter production while cutting capital expenditures by 25%, signaling potential changes in contractor demand patterns.
2 months ago IndustryBarrel Oil Corp sells Alberta properties producing 181 boe/d
Canadian oil company divests three Alberta properties with $6.1 million liability through Sayer Energy Advisors.
2 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.
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