BOEPD (Barrels of Oil Equivalent Per Day)

Exploration activity conducted in remote, undeveloped, or previously unworked regions where subcontractors can expect longer mobilisation lead times, higher logistical costs, and limited access to local supply chains or support infrastructure.

Expedited delivery service for equipment, parts, or materials to remote job sites. Often used for urgent oilfield deliveries.

A contract between an operator and a service company that establishes the general terms and conditions for all future work. Individual jobs are then executed under work orders or AFEs referencing the MSA.

A process used to measure heat output, flow rates, and pressure in geothermal wells. Subcontractors provide specialised testing equipment, instrumentation crews, and data logging services. Work often involves high-temperature conditions requiring specific safety protocols and certified equipment.

Specialised teams mobilised after drilling to prepare a well for production. For subcontractors, they represent a distinct scope of work with separate contracts, timelines, and crew requirements. Demand is tied directly to operator completion schedules, affecting short-notice mobilisation and billing cycles.

2P (Proved Plus Probable) Reserves represent the total oil or gas a client is reasonably confident exists and can extract. Operators use 2P figures to justify long-term capital spending and multi-year field development plans. Higher 2P reserves often signal sustained work programmes and stronger subcontractor demand.

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.

How 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.

What 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.