FieldNews
Subscribe
Industry Glossary Term

Electrification

The shift from diesel-powered equipment to electric or hybrid alternatives on job sites. For subcontractors, this affects equipment specs, crew certifications, and bid requirements. Clients increasingly mandate electrification targets, changing what gear and skills you must supply.

Related Terms

Condensate

Industry

A light liquid hydrocarbon that separates from natural gas during production and processing. Subcontractors handling condensate must follow strict hazmat protocols, as it is highly volatile and flammable. It is often measured and valued separately from crude oil on production sites.

Sewer Separation

Industry

The process of splitting combined sewer systems into separate lines for sanitary waste and stormwater runoff. Subcontractors are commonly hired for excavation, pipe installation, and tie-in work on municipal or industrial separation projects. Scopes can include bypass pumping, trenchless methods, and service reconnections.

IFB (Invitation for Bids)

Industry

A formal document issued by an operator or prime contractor soliciting fixed-price bids for a defined scope of work. Subcontractors must submit pricing by a set deadline, with contracts typically awarded to the lowest qualified bidder. Review the technical specs and site conditions carefully before submitting your number.

Negative Gas Prices

Industry

Occurs when oversupply forces producers to pay buyers to take gas, signalling severe market stress. For subcontractors, this often triggers rapid project suspensions, deferred work orders, and delayed payments. Expect scope reductions and early contract terminations when prices turn negative.

Undeveloped Inventory

Industry

Approved but undrilled well locations or untapped reserves an operator plans to develop in future phases. For subcontractors, it signals upcoming work pipelines and potential long-term contract opportunities. Tracking an operator's undeveloped inventory helps you anticipate mobilisation timelines and resource planning.

Gas Rigs

Industry

Drilling rigs specifically configured to drill natural gas wells, requiring crews and equipment rated for high-pressure gas formations. For subcontractors, gas rigs often demand specialised certifications and H2S training. Work volumes typically follow natural gas commodity prices and seasonal heating demand.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project by Aimsio