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IndustryGlossary Term

Upstream

The segment of the oil and gas industry involved in exploration and production (E&P). Includes drilling, completions, and well operations.

Related Terms

Legacy Well

Industry

An older well built to outdated standards that may require specialised remediation, abandonment, or workover services. Subcontractors should expect non-standard equipment configurations and additional compliance requirements. Scope creep and unforeseen costs are common on legacy well projects.

Construction Manager At Risk

Industry

A delivery model where a construction manager guarantees a maximum project cost and takes on financial risk if it's exceeded. Subcontractors are hired by the CM, not the owner, making the CM your direct client and contract holder. Your scope, payments, and change orders all flow through the CM.

Operator

Industry

The company that holds the rights to develop an oil and gas property and manages day-to-day operations. Operators hire subcontractors and service companies to perform various tasks.

Screening Circuit

Industry

A series of vibrating screens used on-site to separate solids by size from drilling fluids or aggregates. Subcontractors operating or maintaining this equipment must track run-hours carefully for service billing. Screen cloth replacement is a common scope item in solids-control contracts.

WCB (Workers' Compensation Board)

Industry

Provincial agencies in Canada that provide workplace injury insurance. Contractors must maintain WCB coverage and good standing to work on most sites.

Gas-Directed Rig Count

Industry

The number of drilling rigs actively targeting natural gas formations at a given time. A rising gas-directed rig count signals increased demand for field services and subcontractor crews. Tracking this metric helps you anticipate work volumes and mobilisation timelines in gas-heavy basins.

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