How RigUp is Silencing Skeptics with Industry-Leading, High-Efficiency Tech

Employees of RigUp – Ashley Kus, Customer Success Representative

3 Reasons to Use RigUp’s Messaging Feature

RigUp is driven to be the one-stop shop for the oil and gas industry. Whether you’re a skilled professional looking for work or you’re looking to hire, we have a passion to deliver quality tools and resources for our users. Doing so requires us to be constantly re-evaluating, re-inventing, and innovating our platform, which leads us to our latest development: the in-app messaging feature.

How to Prevent Heat Exhaustion in the Oilfield

Managing Oilfield Service Cost Inflation in a Tight Labor Market

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“Oilfield service cost inflation and access to quality crews might be a constraint for some. The challenge for E&P companies is most will budget revenues conservatively (to the strip) but the reality is costs could escalate to reflect closer to strip prices if activity levels increase more. At our $54/bbl price deck, we see 0-5% service cost inflation but at strip prices closer to 10-12% is probable. Some of these costs can be offset with drilling and completion efficiencies but that is likely limited to around 5%, on average.” - RBC

Oilfield Consulting Firm Transparency: Payment Terms

 

With data from over 165 existing firms, we found that the average consulting firm pays their contractors in 27 days, with some firms taking as long as 60 days.  That is a long time to wait for payment, even if you can afford to do so.

Quantum Energy Partners and Global Reserve Group Lead $15.8 Million Funding to Support Next Phase of RigUp's Growth

New Tax Benefits for Independent Contractors

Oilfield Consulting Firm Transparency : Take Rate vs Billing Rate

 

We often find that contractors and consultants are NOT fully aware of the ‘take rate’ that they are being charged by their oilfield consulting firm, nor the benefits (if any) they are receiving in return.

Year-End Message from RigUp Co-Founder & COO Mike Witte

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