FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Sources Sought

A notice issued by a client or prime contractor to identify qualified subcontractors before a formal tender is released. Responding helps get your company on the bidders list. It is not a contract offer, but skipping it can mean missing the actual bid.

Related Terms

Frac Campaign

Industry

A scheduled series of hydraulic fracturing operations across multiple wells or stages within a defined period, representing a concentrated burst of work that subcontractors must plan for with adequate crew, equipment, and supply chain capacity. For field service companies, winning a spot in a frac campaign can mean weeks of steady, high-volume work but also demands tight mobilisation timelines and the ability to scale up quickly.

Modular Camp

Industry

A prefabricated, relocatable accommodation facility used to house workers on remote oil & gas or construction sites. Units are shipped and assembled on-site, then dismantled when the project ends. Subcontractors may bill camp costs separately or include them in their overall project pricing.

Shale Basin

Industry

A large geographic region containing shale rock formations targeted for oil and gas extraction through horizontal drilling and hydraulic fracturing. For subcontractors, shale basins like the Montney or Duvernay represent high-volume, multi-year work corridors. Expect cyclical demand, remote mobilisation, and repeat frac and completions contracts.

2p Reserves

Industry

2P (Proved Plus Probable) Reserves represent the total oil or gas a client is reasonably confident exists and can extract. Operators use 2P figures to justify long-term capital spending and multi-year field development plans. Higher 2P reserves often signal sustained work programmes and stronger subcontractor demand.

Frac Sand Hauling

Industry

The trucking of proppant (silica sand) from storage terminals to active frac sites. Subcontractors operate on tight dispatch schedules to maintain continuous sand supply during pumping operations. Contracts often include standby rates for wait time at the wellsite.

Basemat

Industry

The reinforced concrete foundation slab supporting a structure's entire load. Subcontractors doing civil or concrete work often mobilise early to complete basemat pours before other trades arrive. Scheduling and cure time directly affect downstream scopes.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio