Dual-Class Share Structure

A company that provides specialized services to oil and gas operators, such as drilling, completions, workover, transportation, or maintenance. Also called oilfield services (OFS).

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

A document created in the field that records work performed, equipment used, materials consumed, and time spent. Field tickets are the basis for invoicing and must typically be approved by the customer before payment.

The process of pumping produced water or other fluid waste deep into underground formations for disposal. Subcontractors operating injection pumps or wellbore equipment must meet strict provincial and federal disposal regulations. Work often requires specialised well integrity certifications and detailed fluid volume reporting.

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 regional grid operator managing electricity transmission across central North America. Subcontractors working on power infrastructure or energy facilities in MISO territory must align project schedules with its grid access and outage approval processes. Permitting and energisation timelines are often dictated by MISO interconnection queues.

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.