The number of rigs actively drilling for oil, tracked weekly by services like Baker Hughes. A rising count signals increased demand for field crews, equipment, and well-site services. Subcontractors use it to anticipate work volumes and adjust capacity accordingly.
Oil-Directed Rig Count
Related Terms
Batch Drilling
IndustryA method where multiple wells are drilled to the same depth or stage before moving to the next phase across all wells. Subcontractors should expect high-volume, repetitive scopes with tight sequencing between crews and equipment. Mobilisation efficiency and crew continuity are critical to keeping pace with the operator's schedule.
Failure Assessment Diagram (fad)
IndustryA FAD is an engineering tool used to assess whether a crack or defect in a component is safe to operate or requires immediate repair. Subcontractors use FAD assessments to support fitness-for-service decisions on pressurised piping, vessels, and structural welds. Results directly influence repair scopes, shutdown planning, and liability on field service contracts.
CSG (Casing)
IndustrySteel 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.
Hot Shot
IndustryExpedited delivery service for equipment, parts, or materials to remote job sites. Often used for urgent oilfield deliveries.
Ngl (natural Gas Liquid) Fractionator
IndustryA processing facility that separates mixed natural gas liquids into individual products like propane, butane, and ethane. Subcontractors often work these sites for maintenance, turnarounds, and equipment servicing. Fractionators operate continuously, so field crews should expect shift-based schedules and strict hot-work permitting.
Cavern Infrastructure
IndustryUnderground storage facilities, typically salt caverns, used to store hydrocarbons like natural gas or crude oil. Subcontractors may be engaged for cavern construction, well drilling, piping, and surface facility work. Projects often involve specialised equipment and compressed timelines tied to storage demand cycles.
Latest Industry News
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