In episode 5 of our new video series, Brock Yordy discusses the challenges of hiring good, hard-working hands that can stay with a company for the long term.
In the first episode of our new video series, contributor Brock Yordy addresses adding new technology and methods to an already strong family drilling business.
Every profession, especially a niche field like drilling, has tricks or jargon that everyone assumes everyone else knows. But, if you missed it during training, specialty knowledge veers quickly into "too embarrassed to ask" territory.
Henry Ford once said, "Failure is simply the opportunity to begin again, this time more intelligently." When you fall short, do you reflect on the failure and learn from it?
We live in a society that tends to embrace and even thrive on the polarization of issues, methods and standards that are not as black and white as one would be led to believe.
If you have a skilled employee who seems like a good candidate to strike out on his or her own, try encouragement — especially if you don’t see a clear path up for that person.
When deciding whether to add rigs and other large equipment to a fleet, contractors need to consider how much they can afford to pay, how to best structure the terms to leave some cash flow intact, whether to lease or buy, and a host of other questions.
