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IndustryGlossary Term

Frontage Road

A secondary road running parallel to a highway, providing access to adjacent worksites, lease roads, or staging areas. Subcontractors often use frontage roads for heavy equipment moves or crew dispatch without entering main traffic. Confirm load restrictions and municipal permits before routing oversized hauls.

Related Terms

SRP (Sucker Rod Pump)

Industry

A downhole artificial lift system that uses surface-driven rods to pump oil from low-pressure wells. Subcontractors are frequently called in for rod pulling, pump teardowns, and wellsite servicing work. Reliable SRP maintenance contracts can provide steady, recurring revenue for oilfield service companies.

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.

Cleanout

Industry

A service job focused on removing debris, scale, or obstructions from a wellbore, tank, or pipeline. Subcontractors are often mobilised on short notice to perform cleanouts between production phases. Accurate job scoping is critical, as unforeseen material volumes can affect your quoted price.

2c Resources

Industry

The middle estimate of contingent petroleum resources that are discovered but not yet approved for development. For subcontractors, 2C resource announcements often signal future project opportunities that are not yet fully funded. Bid opportunities tied to 2C resources carry higher uncertainty and may shift significantly before contracts are awarded.

Geothermal Brine

Industry

Highly mineralised, hot saltwater extracted from underground geothermal reservoirs during energy production. Subcontractors handling it must follow strict corrosion control and PPE protocols. Disposal and handling are heavily regulated due to its chemical content.

Tank Battery

Industry

A group of storage tanks at a well site that collect and separate oil, gas, and water from production. Subcontractors are frequently mobilised here for gauging, maintenance, and fluid handling work. It is a common recurring service location on producing leases.

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