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From OGI Editor-In-Chief: Spurred To Be Private

Former Wildhorse Resource Development CEO Jay Graham explains what spurred the exit from his recently IPO’d beloved company, and why starting up private again makes him happy.

Steve

Toon

Oil and Gas Investor

Wed, 07/10/2019 - 02:00 PM

Former WildHorse CEO Jay Graham: Spurred To Be Private

Jay Graham’s new venture, Spur, has initial assets on New Mexico’s Northwest Shelf, but Graham indicated he would be back in the Eagle Ford once his noncompete expired after a year. (Source: Hart Energy)

The former CEO of the former WildHorse Resource Development Corp. publicly pondered his new private start-up and heaved a proverbial sigh of relief. “I’ll never say that I’ll never be a public CEO again, but Lord, I hope I’m not,” said Jay Graham. “The time demands on a public management team are insane; it’s something that I’ll never miss.”

Graham’s WildHorse Resource merged with Chesapeake Energy Corp. in February. In May, Graham revealed his new venture, Spur Energy Partners LLC, simultaneously with the acquisition of Percussion Petroleum for an undisclosed amount. Spur is backed by KKR, and you can read more about the deal in our A&D Watch section in this issue.

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Steve Toon

Steve Toon is Editor-in-Chief of Oil and Gas Investor magazine. He joined Hart Energy in 2007 as editor of its A&D Watch newsletter and A-Dcenter.com. He received a BA in journalism from Baylor University.

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