FieldNews
Subscribe
Industry Glossary Term

Brent Crude

A globally traded North Sea oil benchmark used to set crude pricing contracts. When Brent prices rise or fall sharply, operators often adjust project budgets, affecting subcontractor work volumes and day rates. Monitoring Brent helps field service companies anticipate slowdowns or ramp-ups in awarded work.

Related Terms

SWD (Saltwater Disposal)

Industry

The 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.

Frac Sand Hauling

Industry

The trucking of proppant (silica sand) from storage terminals to active frac sites. Subcontractors operate on tight dispatch schedules to maintain continuous sand supply during pumping operations. Contracts often include standby rates for wait time at the wellsite.

Lease Road

Industry

A temporary or permanent access road built to service an oil and gas lease or well site. Subcontractors are often responsible for maintaining or mobilising equipment over these roads. Road conditions directly affect trucking rates, equipment wear, and scheduling.

Baseload Energy

Industry

The minimum level of power demand that a facility or site requires continuously, around the clock. For subcontractors, it determines whether remote worksites need dedicated generators or grid connections. Stable baseload requirements help crews plan equipment fuel consumption and maintenance schedules.

Pipeline Integrity

Industry

The ongoing process of ensuring pipelines remain safe, structurally sound, and compliant with regulatory standards. Subcontractors are frequently hired for inspection, maintenance, and repair work tied to integrity programmes. Scopes can include ILI (Inline Inspection), coating repairs, hydrotesting, and fitness-for-service assessments.

Shut-In Production

Industry

A well or facility that has been temporarily halted from producing oil or gas. For subcontractors, shut-ins often mean suspended work orders and delayed invoicing. Confirm contract terms around standby rates before production stops.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project by Aimsio