Spud Date

The number of drilling rigs actively operating in a region. Published weekly by Baker Hughes, the rig count is a leading indicator of activity levels in the oil and gas industry.

A method of lowering tools, instruments, or equipment into a wellbore via a steel cable, commonly used for well logging, perforating, and intervention services. For subcontractors, wireline work is typically scoped as a specialised service requiring certified operators and dedicated equipment spreads.

The volume of crude oil a refinery processes over a set period, typically measured in barrels per day. Higher throughput means more maintenance, turnaround, and inspection work for subcontractors. Expect busier scopes and tighter schedules when a client ramps up processing capacity.

The maximum volume of work, materials, or product a crew or operation can process within a given timeframe. For subcontractors, it determines how many jobs or units can be delivered without bottlenecks. Knowing your throughput capacity helps with accurate bidding and resource planning.

Drilling rigs specifically configured to drill natural gas wells, requiring crews and equipment rated for high-pressure gas formations. For subcontractors, gas rigs often demand specialised certifications and H2S training. Work volumes typically follow natural gas commodity prices and seasonal heating demand.

A prolific multi-zone oil and gas play in central Oklahoma covering Canadian and Kingfisher counties. Subcontractors active here support high-density horizontal drilling and completions work. Mobilisation demand can spike quickly, so maintaining local crew and equipment availability is critical.

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.