A standardised production metric that converts all hydrocarbons—oil, gas, and NGLs—into a single daily output figure. Operators use BOED to size contracts and scope field service requirements. Higher BOED rates typically mean larger crew needs, more equipment, and increased service volumes for subcontractors.
BOED (Barrels of Oil Equivalent Per Day)
Related Terms
Onshore Basin
IndustryA land-based sedimentary region where oil and gas exploration and production activity is concentrated. For subcontractors, basins define your likely work zones, client base, and mobilisation distances. Key Canadian examples include the Western Canada Sedimentary Basin (WCSB).
Preferred Vendor Status
IndustryA designation granted by an operator or prime contractor that puts your company on an approved list for recurring work. It typically means faster bid access, less vetting paperwork, and priority callouts. Earning it usually requires meeting set safety, insurance, and performance benchmarks.
Resource Delineation
IndustryThe process of defining the boundaries and quantity of an oil, gas, or mineral deposit through appraisal drilling and testing. For subcontractors, it signals a sustained work programme requiring crew, equipment, and logistical planning. Delineation phases often drive multi-month contracts for drilling, completions, and field services.
AWP (Aerial Work Platform)
IndustryA powered, elevated platform used to lift workers and tools to height for maintenance, construction, or inspection tasks. Common AWP types include scissor lifts, boom lifts, and man baskets. Subcontractors must verify operator certification and equipment inspection records before mobilising an AWP on site.
Emulsion Breakers
IndustryChemical additives used in oil and gas processing to separate water from crude oil in production streams. Subcontractors handling fluid management or chemical injection skids are often responsible for their application and dosing. Proper handling requires WHMIS (Workplace Hazardous Materials Information System) compliance and PPE protocols.
Distributed Fibre-Optic Sensing
IndustryA monitoring technology that uses fibre-optic cables as continuous sensors along pipelines, wellbores, or structures. It detects temperature, strain, and acoustic changes across kilometres of cable in real time. Subcontractors may be hired to install, splice, or maintain these cable systems during construction or integrity projects.
Latest Industry News
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2 months agoIndustrySandRidge Energy Acquires Cherokee Play Assets for $65 Million
SandRidge Energy has signed a deal to acquire Mid-Continent Cherokee Play assets for $65 million, adding roughly 3,000 boed of production and 7,000 net leasehold acres.
3 months agoIndustryHudbay Greenlights $2.07B Copper World Mine South of Tucson
Hudbay and Mitsubishi approved the $2.07B Copper World build in Arizona, with 1,000+ construction jobs and another $710M in post-startup work. Here is what it means for earthwork, concrete, pipe and electrical subs.
yesterdayIndustryTexas Energy Fund Backs 450-MW Gas Plant in Pecos, Reeves County
The Texas Energy Fund's ninth loan supports a 450-MW natural gas plant in Pecos, scheduled to deliver power to ERCOT in 2027. Here is what Permian subcontractors can act on now.
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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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