FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Rare-Earth Elements

A group of 17 metallic minerals critical to manufacturing motors, sensors, and electronics used in oilfield and construction equipment. Supply chain disruptions can affect equipment availability and drive up costs for field service operators. Subcontractors should monitor REE-related procurement delays when planning equipment-intensive scopes.

Related Terms

Brownfield Site

Industry

An existing facility or infrastructure that is being modified, expanded, or recommissioned rather than built from scratch. Subcontractors should expect tighter work windows, live-equipment hazards, and strict permit-to-work requirements. Scheduling and coordination with ongoing operations are critical on brownfield projects.

Wellpad

Industry

A prepared, levelled site where one or more oil or gas wells are drilled and completed. Subcontractors often mobilise to a wellpad for multi-well scopes, making it a key unit for planning labour and equipment. Pad size and well count directly affect job duration and invoicing cycles.

Coal Bed Methane

Industry

CBM (Coal Bed Methane) is natural gas extracted from coal seams rather than conventional reservoirs. Field crews typically handle dewatering operations, pipeline tie-ins, and wellsite maintenance on CBM projects. Work is often spread across large numbers of shallow, closely spaced wells requiring frequent travel between sites.

Feasibility Study

Industry

A pre-project assessment that evaluates whether a scope of work is technically and financially viable. For subcontractors, it signals early-stage work that may lead to awarded contracts. Participating in feasibility work can position your company for the larger project bid.

Primary Term

Industry

The fixed initial period of a service contract during which either party is typically locked in. For subcontractors, it sets the guaranteed window to recover mobilisation costs and generate revenue. Work orders or rates often cannot be renegotiated until this period expires.

SCOOP (South Central Oklahoma Oil Province)

Industry

A major oil and gas play in south-central Oklahoma targeting Woodford and Springer shale formations. Subcontractors working this basin should expect high-volume drilling and completions activity. It is a key area for securing long-term field service contracts.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio