WorldWide Drilling Resource

Ronnie’s Real World Learning and putting what you have learned, and having to learn even more to “get the job done”, is exactly what Justin had to do and is doing it very well . . . Remember as you read his report, this is a young man, just beginning his adult journey, but so wise for his age. Future & Current Landscape of Water Well Drilling Chapter 3 Justin Hammond, Martin B. Hammond Co. Ltd. Continuing on this journey with Justin, he said . . . “As I learned more about busi- ness, the more I became interested. I often find myself studying various businesses and industries, numerous business landscapes of different countries, the political environ- ment of many countries, and the continuous innovation of technology, and the impact it has on our lives, our world, and of course, our industry. Now, I know there’s even more than well drilling and the associated skills needed to survive. Now more than ever, we all need to be aware of what’s happening on a global scale. We need to keep pace with global trends. This mainly entails being more socially responsible, workplace and worker friendly, connecting with customers on more levels, being as environmentally friendly as we can, think- ing about the future of gas and oil, and adapting to new technology. All while turning a worthwhile profit. To survive and thrive in the future, we need to focus on being a high-quality business. Apple, Google, and Johnson & Johnson are examples of such high-quality businesses. They constantly create products and service that stand out from the crowd, premium products and services that customers pay more money for, then they integrate more services that compliment what they already offer. They are businesses that focus on development, outpacing competition, providing customers the best, and profit. They are excellent examples of how even the small guys like us should act. In the water well drilling industry, we need to shore up our weaknesses and capitalize on our strengths. We need to focus on our business. For example, today in Newfoundland, the benchmark prices for drilling per foot of a six-inch water well is [the same as it was ten years ago]. That’s absolutely ridiculous. Inflation averages about 2% per year, and wages have risen several dollars per hour, per employee, in the same time frame. Our business has had to absorb 100% of the extra costs we face year after year. We have had to succeed through excellent capital management, superior work and service, optimal efficiency, and rigorous cost cutting.” To be continued next month . . . This truly is, Ronnie’s Real World . . . 22 APRIL 2018 WorldWide Drilling Resource ® Open the Doorway to all the Event Photos during TGWA 2018. To see all the photos from this event, go to www.worldwidedrillingresource.com or click here. Feel free to download at will and print the photo(s) of your choice. Compliments of WorldWide Drilling Resource ® . Photos are copyrighted and released for personal use only - no commercial use permitted.