That the United States (and world) economies are mired in a deep recession is old news. For the horizontal directional drilling industry, this recession is much broader than in 2001 when the telecommunications market imploded.
Downhole tools are critical components of the horizontal directional drilling (HDD) process—no project can be completed without them. The wrong tools for soil conditions can result in excessive equipment wear and slow production—or even make it impossible to complete a job.
The Michels Corporation is celebrating its 50th year in business in 2009, marking its evolution from a small contractor specializing in gas pipeline construction to one of North America's largest, multi division utility contractors.