Hal Wallace, President of Ryan & Jacobs, returns to Power of the Permian for a conversation about debt collection, financial pressure, and protecting business relationships in the oil and gas industry.

Hal shares what companies should know about rising bankruptcies, predatory lending, monitoring accounts receivable and payable, and when to begin the collection process. We also discuss why communication is critical, the value of pausing before making major decisions, and how businesses can pursue successful recovery without immediately turning to litigation.

Later in the episode, Hal opens up about sobriety, managing stress, building a strong company culture, and what’s ahead for Ryan & Jacobs as the company continues to grow.