White-USEDC-Logo3

Board of Directors

Board of Directors

U.S. Energy’s Board of Directors is responsible for assessing the company’s overall direction and strategy.  This majority-independent Board includes diverse experience across the oil and gas, financial and legal sectors and is comprised of individuals whose experience includes the co-founding of energy companies, members of executive leadership teams, financial reporting and IPO disclosure, and previous counsel to the US Senate Committee on Commerce and US Delegation to the United Nations.  View Executive & Senior Management.

Members Include:

Chairman of the Board

Mr. Jayson serves as Chairman of the Board of Directors, Chief Executive Officer and member of the investment committee for U.S. Energy Development Corporation where he is responsible for designing the corporate strategy and implementation of change management. Mr. Jayson previously served as Executive Vice President with a focus on developing operations in core areas and identifying new business opportunities.

Mr. Jayson earned a Bachelor’s Degree from Johns Hopkins University and a Master’s Degree in Business Administration from Texas Christian University’s Neeley School of Business. He has also earned the designation of Aresty Scholar from the Wharton School of Executive Education. Following graduation, Jordan worked in portfolio management and trading in both New York and London. This included roles at Arnhold S. Bleichroeder and S.A.C. Capital. He is an active member of the Young President’s Organization (YPO), TIGER 21, PathNorth, The National Association of Corporate Directors, The Independent Petroleum Association of America and The Fort Worth Wildcatters. Mr. Jayson is a proud Lifetime Member of Trout Unlimited and Ducks Unlimited. He also serves on the Board of Directors for The Lighthouse for the Blind of Fort Worth and The Independent Oil and Gas Association of New York.

Executive Director

Matthew Iak is the Executive Vice President of U.S. Energy Development Corporation and a member of the company’s Board of Directors. He has overseen the capital raise of more than $1.5 Billion in capital since he joined the company in 2005.

Mr. Iak has extensive knowledge of private placement, Regulation D, and estate and tax planning strategies. He has led the construction and underwriting of multiple new investment structures in the oil and gas space which include, energy 1031 exchange funds, private capital acquisition funds, and most recently qualified opportunity zone funds.

In addition to being on the Board of Directors at U.S. Energy, Mr. Iak is a member of the company’s second generation leadership team and serves as the President for a series of family real estate and real estate management companies. He is also the CEO and President of U.S. Energy’s Managing Broker Dealer, Westmoreland Capital Corporation.

Prior to joining U.S. Energy, Mr. Iak worked as a financial advisor and oversaw client assets in excess of $1 Billion.

A highly sought after public speaker, Mr. Iak is frequently invited to present within the financial community on oil & gas economics, taxation, and financial planning. Mr. Iak is a graduate of Canisius College and holds his FINRA Series 7, 24, 63, and 66 licenses.

Lead Independent Director

Mr. Woody has extensive experience as an executive and board member, including with companies he co-founded in the energy, private equity and insurance businesses.

In addition to being a partner with two law firms, Mr. Woody also served as counsel to the U.S. Senate Committee on Commerce where he assisted with the drafting of the natural gas deregulation bill known as the Pearson-Bentson Bill which eventually became the Natural Gas Policy Act of 1978.  Mr. Woody also served as Special Counsel to the U.S. Delegation to the 33rd General Assembly to the United Nations and co-authored “Barriers to the Development and Expanded Use of Natural Gas Resources,” commissioned and published by the Interstate Oil and Gas Compact Commission in 1992.

Mr. Woody received his Bachelor of Arts Degree in History and Political Science and his Juris Doctorate Degree from the University of Kansas.

Independent Director

Mr. Rundlof has a broad business background, having worked as an engineer, in investment banking, and is the founder and Chief Executive Officer of WhiteWater Midstream.

Christer has 20 years of experience across multiple industries including midstream, equities investing, investment banking advisory, and manufacturing. Prior to founding WhiteWater Midstream, Christer served as Vice President of Business Development for Canyon Midstream Partners. Previously, Christer was Director of Business Development for DCP Midstream. In addition, Christer was a Senior Analyst for S.A.C. Capital, an Associate for J.P. Morgan, a Six Sigma Business Team Manager at Black & Decker, and Production Engineer at Praxair Surface Technologies.

Christer received a Bachelor of Mechanical Engineering from the Georgia Institute of Technology and a Master of Business Administration from the University of North Carolina, Chapel Hill.

Independent Director

Mr. Sherman brings to U.S. Energy a 20+ year background in technical research, capital markets and SEC reporting assistance.

Overseeing a team of over 30 professionals as a Partner in charge at Opportune, a leading global energy business advisory firm based in Houston, Texas, Josh led all financial statement and disclosure aspects of the IPO process for over two dozen clients within the E&P, midstream, oilfield service and power sectors.  Mr. Sherman’s specialties include technical accounting research and guidance; SEC reporting, pre-clearance letters and response letters; derivatives instruments and hedge accounting; stock-based compensation; purchase accounting; impairments; structured transactions; and revenue recognition.  Josh has previously served on the board of directors for multiple oil and gas entities and currently serves on the Dean’s Energy Task Force and Executive Council of the Energy Management Program at The University of Texas at Austin McCombs School of Business.

Mr. Sherman is a graduate of The University of Texas at Austin and is Licensed by the Texas State Board of Public Accountancy.