PSI (Pounds Per Square Inch)

A standard shipping container measurement used to calculate freight capacity and logistics costs on large projects. One TEU equals one standard 20-foot container. Subcontractors mobilising equipment or materials to remote sites often quote and invoice freight in TEUs.

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.

The process of mapping and analysing an underground reservoir's size, rock properties, and fluid content. Subcontractors use this data to understand scope for drilling, completions, and intervention work. It directly influences crew requirements, equipment specs, and contract duration.

A measurement of natural gas production or flow volume, used to describe the output capacity of a well, pipeline, or facility. Subcontractors use this figure to gauge job scale, equipment sizing, and crew requirements. Higher MMcf/d ratings typically signal larger scopes of work and longer contract durations.

Natural gas extracted from shale rock formations using hydraulic fracturing and horizontal drilling. For subcontractors, shale gas projects drive high demand for frac crews, equipment operators, and site services. Work is often concentrated in multi-well pad campaigns, creating steady but intense mobilisation cycles.

A non-binding agreement outlining the intent to work together before a formal contract is signed. Subcontractors use MOUs to secure preferred vendor status or reserve capacity for upcoming projects. They carry no payment guarantee, so avoid mobilising resources based solely on an MOU.

How Operator Mergers and Acquisitions Affect Your Subcontract Agreements

When operators merge, get acquired, or sell assets, subcontractor agreements are caught in the middle. Learn how M&A activity affects your MSA, payment terms, vendor status, and what to do before, during, and after a deal closes.

How Rig Count Trends Affect Subcontractor Demand and What to Do About It

Rig counts are the earliest signal of where field service work is heading. Learn how to read drilling activity trends, anticipate demand shifts, and position your crew before the phone stops ringing.

What Is an AFE in Oil and Gas and How Does It Affect Subcontractor Payments?

An AFE (Authorization for Expenditure) controls every dollar spent on an oilfield project. Learn how it affects your billing, change orders, and cash flow as a subcontractor.