The oil and gas sector has always been volatile. Global oil and gas prices are dictated by an equally volatile economy, which makes debt collection a big challenge for companies tethered to the industry. Southwest Recovery Systems partners with firms in the oilfield and gas sector. We are experts when dealing with service companies, operators, suppliers, transportation, manufacturers, working interest partners and royalty owners. Southwest Recovery Services is ready to get started with the collection process today!
Increase Cash Flow for Oilfield and Gas Firms
The oil and gas industry is in the midst of a boom; 50 of the largest oil and gas companies have reported revenues of about $5.4 trillion in 2015 alone. Meanwhile, 43 oil and gas companies have filed for bankruptcy in 2018, and 50 more in 2019. This is natural and a testament to the fickle nature of the business. In a bid to stay afloat, most firms turn to over-the-top approaches to try and stay fluid through collections. Southwest Recovery Services has a winning debt collection strategy that helps maintain your cash flow more effectively.
We Work Swiftly to Recover Receivables
Time is of the essence when dealing with debts related to oil and gas. The volatile nature of the industry nets too much uncertainty, especially when dealing with large amounts of dollars held in accounts receivables. Those working within this sector should look to protect their business and improve cash flow as soon as possible in order to remain operational. Southwest Recovery Services has extensive experience working with oil and gas firms to successfully navigate debt collections for faster recovery.
Increased Recovery in Less Time
Our expert team understands the nature of the industry and what it takes to motivate payment from companies that owe a significant amount to our oil and gas companies. This enables us to maximize the amount of debt we can recover in record time. Through our effective and ethical approach to commercial debt collection, your firm will see increased cash flow, which will, in turn, increase your bottom line.
The Southwest Recovery Guarantee
Debt recovery and collection in the oil and gas industry requires experience, expertise, and resilience. By combining those three factors, we have created debt collection strategies that comply with the Fair Debt Collection Practices Act (FDCPA) to ensure compliance without straining relationships. Here are a few examples of what we can do for you:
- Dispute resolution and mediation
- Frequent, but appropriate written and verbal follow up communication
- Regular financial evaluations to determine payment ability
- Frequent site visits as determined necessary and appropriate
Reduce write-offs and save your bottom line when you work with the best debt collection professionals in the business at Southwest Recovery Services.