A government-issued agreement granting rights to develop heat energy from underground resources on a specific land parcel. For subcontractors, these leases define where drilling, piping, and surface work can legally occur. Active leases signal steady long-term project work, particularly in western Canada.
Geothermal Leasing
Related Terms
P3 (public-Private Partnership)
IndustryA project delivery model where government and private companies jointly fund and develop infrastructure like pipelines, roads, or facilities. Subcontractors often work under large prime contractors who hold long-term P3 concession agreements. Payment structures and scope changes can be complex, so review contract terms carefully before mobilising.
Transportation Electrification
IndustryThe shift from diesel-powered trucks and equipment to electric or hybrid alternatives on job sites and haul routes. For subcontractors, this affects fleet investment decisions, charging infrastructure needs, and site logistics. Some client contracts now require or incentivise electrified transport to meet emissions targets.
Rig Utilization
IndustryThe percentage of time a rig is actively working versus sitting idle. For subcontractors, high rig utilisation means steady billable hours and predictable revenue. Low utilisation signals contract gaps that strain cash flow and crew retention.
Booster Compressor
IndustryA secondary compressor used to increase gas pressure in pipelines or processing systems when inlet pressure is too low. Subcontractors are often hired to install, operate, or maintain these units on short-term field assignments. Rental and service contracts for booster compressors are common in late-life field operations.
Undeveloped Inventory
IndustryApproved 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.
Look-Ahead Planning
IndustryA short-range scheduling method where subcontractors forecast work activities two to six weeks out. It identifies upcoming resource needs, crew requirements, and potential delays before they impact the schedule. Field teams use it to stay aligned with the prime contractor's project timeline.
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