The segment of the oil and gas industry involved in exploration and production (E&P). Includes drilling, completions, and well operations.
Upstream
Related Terms
Backreaming
IndustryBackreaming is the process of enlarging a pilot borehole by pulling the reamer back through while rotating. Subcontractors are often mobilised specifically for this phase on HDD (Horizontal Directional Drilling) projects. Billing is typically tied to footage reamed or hourly rig time.
Master Service Agreement (MSA)
IndustryA contract between an operator and a service company that establishes the general terms and conditions for all future work. Individual jobs are then executed under work orders or AFEs referencing the MSA.
Land Block
IndustryA designated area of Crown or freehold land divided for exploration and production rights. Subcontractors often mobilise crews and equipment according to which land blocks an operator holds active licences for. Work scopes, access agreements, and surface rights are typically tied to specific block boundaries.
Preferred Vendor Program
IndustryA formal arrangement where a general contractor or operator pre-qualifies subcontractors for priority work access. Approved vendors are typically offered first right of refusal on new projects. Getting listed can mean steadier work volume but often requires meeting strict safety, insurance, and pricing criteria.
Refractory Lining
IndustryHeat-resistant material installed inside furnaces, boilers, and process vessels to protect steel from extreme temperatures. Subcontractors are often hired for installation, inspection, and repair during turnarounds. Proper curing and dryout procedures are critical to avoid costly failures.
Mmcf/d (million Cubic Feet Per Day)
IndustryA 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.
Latest Industry News
Texas Upstream Jobs Grow in June as Oilfield Services Hiring Offsets E&P Losses
TIPRO reports Texas added 400 upstream oil and gas jobs in June, driven by oilfield services hiring, while record production tax collections signal continued activity despite rising material costs.
1 month agoIndustryTexas Upstream Sector Added 1,800 Jobs in March, Job Postings Surge 7%
Texas upstream employment grew by 1,800 jobs between February and March 2026, with support activities leading gains and job postings rising 7% month-over-month, according to TIPRO data.
3 months agoIndustryShell's $13.6 Billion Bet on Montney Shale Signals Major Upstream Cycle for Western Canada
Shell plc has agreed to acquire ARC Resources in a deal valued at approximately $13.6 billion, marking one of the largest upstream consolidations in Canadian shale history and pointing to a significant spending cycle ahead for Western Canada field service companies.
4 months agoIndustryTexas Upstream Sector Shed 900 Jobs in Early 2026, but Hiring Signals Remain Mixed
Texas upstream employment fell by 900 jobs between January and February 2026, according to TIPRO, with support activities taking the hardest hit. Here's what the data means for Permian and Eagle Ford subcontractors watching their forward workload.
4 months agoRelated Guides
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.
Industry GuideHow 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.
Industry GuideWhat 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.
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