A deal where a subcontractor gains equity or a stake in a project by completing defined work or spending milestones. Common in junior oil and gas ventures where cash is tight. Your services effectively buy you into the asset rather than just earning a fee.
Earn-In Agreement
Related Terms
Battery Storage
IndustrySystems that store electrical energy on-site for use during peak demand or grid outages. Subcontractors increasingly deploy these on remote job sites to reduce generator fuel costs. They also support electrified equipment fleets and temporary power setups.
Oil Rigs
IndustryStructures used to drill for oil and gas, either onshore or offshore. For subcontractors, they are primary worksites where specialised services like maintenance, inspection, and equipment supply are contracted. Mobilisation requirements, safety certifications, and site access protocols vary significantly between rig types.
Grid-Tie
IndustryA system that connects on-site power generation to the utility grid. Subcontractors working on grid-tie installations must coordinate with utility companies and meet strict interconnection standards. Common on solar and wind projects in remote industrial or construction settings.
Legacy Well
IndustryAn older well built to outdated standards that may require specialised remediation, abandonment, or workover services. Subcontractors should expect non-standard equipment configurations and additional compliance requirements. Scope creep and unforeseen costs are common on legacy well projects.
SPR (Strategic Petroleum Reserve)
IndustryA government-held emergency stockpile of crude oil that, when released or replenished, can trigger short-term surges in drilling, transportation, and maintenance contracts as operators respond to shifting supply directives. Field service companies should monitor SPR activity as an indicator of near-term work mobilisation and pricing conditions in their region.
TVD (True Vertical Depth)
IndustryThe straight-line vertical distance from surface to a specific point in a wellbore, regardless of how the well is drilled — subcontractors working on directional or horizontal wells need to reference TVD (not measured depth) when scoping equipment reach, calculating hydrostatic pressures, or verifying work zone depths on service orders.
Latest Industry News
Continental Resources Buys FireBird Energy in Permian Expansion
Continental Resources will acquire FireBird Energy II, adding 32,000 boed and 54,000 net acres in the Midland basin as it deepens its Permian footprint.
20 hours agoIndustryPermian Pipeline Gains May Hit a Processing Wall by 2028
New long-haul pipelines could solve Permian gas takeaway by 2028, but NGI reporting shows gas treating capacity for CO2, nitrogen and sour gas may lag behind, risking localized curtailments for midstream contractors.
20 hours agoIndustryPrivate Equity Moves Into Utilities as AI Power Demand Reshapes the Grid
Oilprice.com reports utilities are selling off non-core assets to private equity for the first time in decades to fund AI-driven grid buildouts, opening a faster pipeline of transmission and gas-fired generation work for field crews.
20 hours agoIndustryCrossing Group Sets HDD Record on Athabasca River Pipeline Bore
The Crossing Group completed a 2,955-meter gyroscopic intersect HDD crossing under Alberta's Athabasca River for the Whiskey Jack Lateral, a company record, Trenchless Technology Canada reports.
yesterdayRelated 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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