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IndustryGlossary Term

Modular Water Storage

Portable, stackable tank systems used on remote job sites to store potable, process, or wastewater. Subcontractors deploy them quickly without permanent infrastructure. Common on pipeline, camp, and frac support contracts.

Related Terms

Henry Hub

Industry

A natural gas pricing benchmark set at a Louisiana pipeline hub, widely used in North American supply contracts. When Henry Hub prices rise, upstream activity increases and subcontractor demand typically follows. Monitoring this index helps field service companies anticipate project volumes and negotiate rates.

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.

Carbon Dioxide Treater

Industry

A vessel or system used on oil and gas sites to remove CO2 (Carbon Dioxide) from produced gas or water streams. Subcontractors are often hired to install, service, and inspect these units. Proper handling requires H2S and pressure safety training.

VDC (Virtual Design and Construction)

Industry

A project delivery approach that combines 3D modelling, scheduling, and cost data into a single digital environment. Subcontractors use VDC to coordinate scope, reduce field conflicts, and plan work sequences before boots hit the ground. Early involvement in VDC workflows can help subs identify clashes, price work more accurately, and avoid costly rework.

Support Activities for Oil and Gas Operations

Industry

An industry classification covering subcontractors who provide services to upstream oil and gas producers without extracting resources themselves. This includes well servicing, site prep, equipment rental, and pipeline support. Most field service companies in oil and gas fall under this category for tax and regulatory purposes.

CSG (Casing)

Industry

Steel pipe installed in a wellbore to provide structural integrity and prevent contamination between different geological formations, requiring specialized installation and cementing services that subcontractors frequently provide during drilling operations.

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