TECHNICAL/FINANCIAL TEAM
Jerry McHugh, Jr., President/Owner - Jerry's 45-year career in the oil and gas industry has been exclusively in the San Juan Basin. He has worked in a variety of roles, gaining extensive oil and gas knowledge and expertise from exploration and leasing to project formation, drilling/completing, and production of new gas and oil reserves.
After graduating from Colorado College in 1980, Jerry started working for Dugan Production in land and regulatory. Tom Dugan was a remarkable boss. This was a go-go time during which there was a U.S. natural gas shortfall, resulting in intensive Dakota and Mesaverde infill drilling. Later, Jerry worked at Nassau Resources with another remarkable boss, his father, Jerome McHugh, Sr.. Jerry worked in exploration, land, and gas marketing, which was at start natural gas deregulation. At this time the advent of Fruitland coalbed methane drilling commenced, and Jerry fostered Nassau's foray into exploration and development of the Fruitland Carracas Canyon Unit. Jerry founded San Juan Resources, Inc. ("SJR") in 1990. This was a very slow time--also a good time to buy oil and gas leases. SJR acquired and started operating wells in the Aztec, NM area. SJR drilled a number of Dakota/Mesaverde wells in the early 2000's, when U.S. natural gas production was waning. Today SJR operates 40 wells and has a variety of interests in non-operated production. Since 2009, SJR has acquired over 45,000 acres in the San Juan Basin. Jerry has created ground floor exploration and drilling projects by acquiring tough-to-get leases. SJR has been working through regulatory to get projects ready-to-drill. SJR has two Mancos Shale drilling projects, one in the oil window in Lindrith (25,000 acres) and the other in the Carson National Forest (7500 acres) In 2020 Jerry created and hosts a monthly San Juan Energy IQ podcast where he promotes dialogue on a variety of energy topics with invited guests. Jerry has put his curiosity out there to increase his, and our knowledge and understanding of energy from the San Juan and across the World. Jerry is gratefully married to Stacy and has five children. He lives in Denver and outside of work enjoys travel, golf, cycling, skiing, swimming, and other outdoor activities.
Lori Walters, CFO/Controller - Ms. Walters has spent nearly 30 years in the oil and gas business with over half her tenure as Controller and CFO at San Juan Resources, Inc. Throughout her career, she has held individual contributor and managerial roles in accounting. She has worked many facets of oil and gas accounting including plant and gathering system allocations, revenue, joint interest billings, budgeting, tax, and financial reporting. She strives to uphold accounting best practices while providing a factor of overall corporate governance. Ms. Walters maintains an active CPA license in Colorado.
Duncan Shepherd, Reservoir Engineer/Project Engineer - Mr. Shepherd founded and manages Petroleum Resource Management Corp., an independent O&G company developing Rockies assets for over 28 years. PRM has operated BLM federal units, managing production and drilling gas and oil wells. PRM recently drilled 2 wildcat discovery wells in an over-pressured Niobrara play at 10,000' TVD. The most recent well is a 10,700' lateral which was successfully completed in 47 stages with over 11 MM # of sand.
Rich Bosher, Geologist - Mr. Bosher has 35 years' experience in upstream oil and gas as a prospecting geologist for both conventional and unconventional targets as well as business development buying and selling oil and gas assets. Mr. Bosher began his career at Amoco, then to TransZap (Oildex) as founder/VP Sales, and eventually moving to Teton Energy. Under his E&P company Mr. Bosher has prospected extensively for Mancos Niobrara shale opportunities in the San Juan Basin/Rockies, acquiring producing assets with acreage in prolific unconventional plays in Rockies basins and East Texas/ Louisiana. In addition, Mr. Bosher has sold a half dozen conventional oil drilling deals in Kansas.
Frank Seidel, Wellsite Engineer/Drilling and Completion Consultant - Mr. Seidel has spent almost 40 years in numerous roles as a Drilling & Completion and Operations Engineer. He's performed well planning, drilling, completion, and workover of wells located in the San Juan, Williston, Powder River and DJ Basins. Mr. Seidel specializes in Horizontal and Directional well work. After contributing to Helis Oil & Gas, Samson Resources, El Paso E&P, Canetic and Burlington Resources, Mr. Seidel founded Seidel Technologies, Inc., that utilizes a number of oil and gas engineering professionals on projects across the Rockies. Seidel Technologies has designed, drilled, and completed numerous lateral producers in the San Juan Mancos and DJ Wattenburg Niobrara, Wyoming PRB, and other areas. Mr. Seidel was inducted in the NMSU Entrepreneur Hall of Fame in 2019.
