Consultants make more by contracting through RigUp

Oil and gas contractors have historically been represented by consulting firms that collect resumes and bring them to the offices of the E&P. Through RigUp, the oilfield’s online marketplace, oilfield consultants can now complete a single application within minutes that presents their experience to even more E&Ps.

RigUp’s operator network spans over 150+ E&P companies. These E&Ps utilize RigUp’s bidding and procurement platform to find various oilfield services, some of which they will subcontract through RigUp. RigUp subcontracts work to consultants with day rate and work acceptance agreements all occurring on the online platform. 

Utilizing its best in class technology and a premier insurance program, RigUp can subcontract at rates of 5-10%, which are significantly less than the traditional industry average (typically ranging from 15% to 25%). For example, an independent Mud Engineer at Parsley increased his day rate that ultimately saved him tens of thousands of dollars.

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Oilfield consultants who have switched to securing work through RigUp have made an additional $170,000 in annualized earnings given RigUp’s industry leading take rates.

The platform goes even further by supplying a compliance and labor manager tool for the E&P. RigUp’s Labor Manager provides an automated compliance platform that allows E&Ps to successfully onboard and manage their consultants seamlessly. Each consultant is personally screened and ready to go within a single business day. RigUp allows for real-time HSE monitoring of the contingent labor workforce, all available at the operator’s fingertips.

Select oilfield consultants for the job

Specify Training Requirements

RigUp has created a platform that allows oilfield consultants to showcase their experience in the industry directly to the E&P company. That said, RigUp has changed the dynamic between E&Ps and consultants for the better. Consultants are exposed to additional work opportunities while E&Ps can select the best workforce for any project at hand.

If you’re an E&P interested in hiring labor through RigUp’s marketplace, or if you’re a Oilfield Consultant looking for more work opportunities and better pay, get in touch with us today.

512-501-5452 | consulting@rigup.com | rigup.com

RigUp’s CEO and Co-Founder, Xuan Yong presents at Enercom 2016

The EnerCom Oil & Gas Conference® offers investment professionals the opportunity to listen to the world’s key senior management present their growth plans and provide industry professionals a venue to learn about important energy topics effecting the global oil and gas industry. Enterprise Values of the 2016 presenters ranged from approximately $9 million to $150 billion.

Our CEO and Co-Founder, Xuan Yong presented at this conference held in August 2016 in Denver, Colorado.

Xuan tells the story of who and what RigUp is, our mission, and how we’re dramatically changing the way the oil and gas industry does business.

RigUp is focused on the upstream industry, including drilling, procurement, completions, and production operations. We currently have over 12,000 service companies and more than 150 E&P’s signed on to the RigUp platform, and those numbers are continuing to grow.

Visit rigup.com to learn more.