Battered Caretakers of the Oil Patch are Ready to Rise Again, If Only Oil Would Do the Same

April 20, 2015 8:29 PM

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NEW YORK – While Americans have cheered tumbling prices at the pump, the companies that work the fields that draw the oil that eventually becomes gasoline have been caught in a vicious price squeeze.

After thousands of job and cost cuts, however, there are signs that oilfield service companies may have weathered the worst of the storm even as major oil companies continue to pare back spending.

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