TECHNICAL/FINANCIAL TEAM
Jerry McHugh, Jr., President/Owner - Jerry has spent nearly five decades building oil and gas projects-entirely within the San Juan Basin. Few know the basin as deeply or as personally. His experience spans the full life cycle of energy development, from exploration and leasing to project formation, drilling, completion, and long-term production.
Jerry began his career at Dugan Production during a period of intense Dakota and Mesaverde drilling driven by a U.S. natural gas shortfall. He later joined Nassau Resources, working alongside his father, Jerome McHugh, Sr., during the early days of gas deregulation and the birth of Fruitland coalbed methane development
In 1990, Jerry founded San Juan Resources, Inc. (SJR)-at a time when patience, conviction, and smart leasing mattered most. Since then, SJR has grown into an active operator with approximately 40 wells, non-operated interests, and more than 45,000 acres acquired across the basin since 2009. The company has assembled multiple ground-floor drilling opportunities, including two Mancos Shale projects: oil window (25,000 acres) and gas window in the Carson National Forest (7,500 acres), both advanced through complex regulatory pathways.
Jerry lives in Denver with his wife, Stacy, and is the proud father of five. Outside of work, he enjoys travel, golf, cycling, skiing, swimming, and spending time with grandchildren.
Lori Walters, CFO/Controller -Lori 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.
