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Industry Glossary Term

Horizontal Well

A well that is drilled vertically to a certain depth then curved to run horizontally through a target formation, requiring subcontractors to mobilise specialised equipment and crews for extended-reach drilling, completions, and stimulation work that typically involves more complex logistics and longer on-site durations than conventional vertical wells.

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Related Terms

BOE (Barrel of Oil Equivalent)

Industry

A standardised unit of energy measurement that converts different types of oil and gas production into equivalent barrels of crude oil, used by operators to report total production volumes when determining project scope and service requirements for subcontractors.

Upstream

Industry

The segment of the oil and gas industry involved in exploration and production (E&P). Includes drilling, completions, and well operations.

Field Ticket

Industry

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.

Operator

Industry

The company that holds the rights to develop an oil and gas property and manages day-to-day operations. Operators hire subcontractors and service companies to perform various tasks.

OSHA

Industry

Occupational Safety and Health Administration. The US federal agency responsible for workplace safety regulations. Compliance with OSHA standards is required for contractors working in the United States.

Completions

Industry

The phase of oil and gas well development after drilling is finished, encompassing the work required to prepare a well for production — including perforating, fracturing, and installing wellhead equipment. For subcontractors, completions represent a concentrated burst of high-demand field work where specialised crews, equipment, and services are mobilised under tight timelines.

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