FieldNews
Subscribe
Industry Glossary Term

Parcel

A defined section of land or a lease area assigned to a specific project or operator. Subcontractors may be scoped and mobilised by parcel, affecting billing boundaries and crew deployment zones.

Related Terms

Saas (software As a Service)

Industry

Cloud-based software you access via subscription instead of buying and installing it outright. For subcontractors, this covers tools like invoicing, scheduling, and compliance tracking platforms. You pay a recurring fee and can access the software from any jobsite device.

Mud Logging

Industry

A well-site service that monitors drilling fluid returns to detect hydrocarbons and analyse formation data in real time. Subcontractors provide specialised technicians and instrumentation units for this work. It is commonly scoped as a standalone package within a drilling contract.

Rig-Released

Industry

Status indicating a drilling rig has been formally stood down and all associated services are no longer required. For subcontractors, it triggers demobilisation, final invoice submission, and crew release. Contracts often specify notice periods and standby rates tied to this status.

Radial Conveyor

Industry

A belt conveyor mounted on a wheeled chassis that pivots in an arc to distribute bulk materials across a wide stockpile area. Subcontractors use them on aggregate, sand, and gravel sites to manage material placement without constant repositioning. They reduce manual labour and speed up site operations significantly.

Federal Lease Sale

Industry

A government auction where energy companies bid for rights to drill on federal lands or offshore blocks. Winning bids trigger exploration programmes, creating demand for subcontractors and field service crews. Monitor sale results to anticipate upcoming mobilisation opportunities in your region.

SPMT (Self-propelled Modular Transporter)

Industry

A multi-axle hydraulic platform vehicle used to move oversized modules, vessels, or heavy equipment on job sites. Subcontractors working heavy lifts or module installation scopes often coordinate directly with SPMT crews. Understanding load-out and transport sequencing is critical for scheduling your own work around these moves.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project by Aimsio