“It’s a tough time right now” in the oil and gas business but deals can and do get done with perseverance, according to Jay Graham, CEO of Houston-based Spur Energy Partners.

Graham made his comments in a keynote at Hart Energy’s recent Executive Oil Conference, describing multiple transactions he has been involved in over the years, adding the deal that put together Spur’s acreage in the Permian Basin’s Northwest Shelf “was the hardest dang thing we’ve ever done.” He noted his previous work with the Wild Horse group involved more than $10 billion in deals.

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