I read in the news the other day that America may pass Saudi Arabia as the world’s largest producer of oil and gas. This certainly comes as a pleasant surprise to those of us who lived through previous booms and subsequent busts. It’s kinda like the old West Texas bumper sticker that read, “Lord, give us one more boom, we promise not to waste it away,” or words to that effect. 

 It’s end of the year and typically work slows a little as we head into the holiday season, giving us time to reflect on our work and the people who have helped us make it through another year. When I think back on the 30 years that I have been in the drilling business, I am grateful that the individuals who have been my boss have been willing to share their experience with me.  

 Vermeer unveiled its D220x300 Navigator horizontal directional drill at the recent 2013 International Construction & Utility Equipment Exposition in Kentucky. 

 In my last column, we discussed the value triangle as it relates to developing a cost estimate. This month, let’s talk about another form of estimating: the ubiquitous “budget estimate.” As contractors, we all have been asked to provide this type of cost, which can also be termed a “ballpark estimate.” Before we go into more detail, let’s define the term; and, as always is the case, the definition is in the eye of the beholder.