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IndustryGlossary Term

MISO (Midcontinent Independent System Operator)

Related Terms

Feedgas

Industry

Raw natural gas supplied to a processing plant or facility for treatment and conditioning. Feedgas volumes and composition directly affect how long subcontractors are mobilised on-site. Changes to feedgas quality can trigger scope adjustments and additional service orders.

Suspension Order

Industry

A formal directive from a prime contractor or operator to halt work on a project temporarily. Subcontractors must stop billable activities but may still incur standby costs. Review your contract carefully, as suspension terms affect demobilisation, remobilisation, and delay compensation.

Well Spacing

Industry

The regulated distance between wellbores on a pad or lease area. Tighter spacing means more wells drilled closer together, increasing crew density and equipment demand. Subcontractors should anticipate compressed timelines and overlapping scopes when spacing is tight.

Master Service Agreement (MSA)

Industry

A contract between an operator and a service company that establishes the general terms and conditions for all future work. Individual jobs are then executed under work orders or AFEs referencing the MSA.

Exploration Well

Industry

A well drilled in an unproven or lightly tested area to determine whether hydrocarbons are present, often representing shorter-term, high-mobilisation contracts for subcontractors with less predictable follow-on work than development drilling programmes.

SPP (Southwest Power Pool)

Industry

A regional transmission organisation managing the electrical grid across 14 U.S. states. Subcontractors working on power infrastructure, grid upgrades, or energy facilities in this region must align with SPP reliability standards. Understanding SPP's operating rules helps field crews coordinate outages and energisation schedules.

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