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.