he principals at Petroleum Equities have extensive experience in the petroleum and energy industries in both the domestic and international sectors. Supporting the principals are associate consultants, petroleum and energy professionals who are assigned to various projects as their specialized expertise is required.

About the Principals

E. Hunter Herron, PhD
President and CEO
As founder and president of Petroleum Equities Inc., Dr. Herron has provided expert testimony in oil and gas litigation, evaluated thousands of producing wells throughout the United States, and assessed numerous petroleum ventures both in the U.S. and in various countries in Africa, Asia, Europe, and South America.

Dr. Herron has over 35 years of diversified experience in the petroleum industry. He was with Exxon Corporation (now ExxonMobil) for 15 years, initially in technical positions at the corporation's research and development laboratories in New Jersey and at its upstream research laboratory in Houston. Subsequently, he was assigned to the senior staff at Exxon's European headquarters in London and its world headquarters, then located in New York. In 1978, Dr. Herron accepted the position of vice president for operations at H.J. Gruy & Associates, a Texas-based petroleum consulting firm. He headed Gruy's Washington (D.C.) office until establishing the predecessor company to Petroleum Equities in 1984.

Dr. Herron is a senior member of the Society of Petroleum Engineers and past chairman of SPE’s National Capital section. He is also a member of the American Institute of Chemical Engineers, the Council of Energy Advisors, and Sigma Xi (The Scientific Research Society). He has served as a technical editor for the SPE’s Journal of Petroleum Technology and is listed in Who's Who in America, Who's Who in Finance and Industry, and Who's Who in Science and Engineering. Dr. Herron holds B.S., M.S., and Ph.D. degrees in chemical engineering from Tulane University, where he was a National Science Foundation fellow.

Email: hunter.herron@petroleumequities.com

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J.D. Hughes, PE
Principal for Acquisitions and Divestitures
Mr. Hughes is founder and president of J.D. Hughes & Associates Inc., a consulting firm which assists independent oil and gas operators in the areas of strategic planning, business development, and financial management. Hughes & Associates and Petroleum Equities jointly conduct projects involving acquisitions and divestitures of petroleum assets.

Mr. Hughes, a registered Petroleum Engineer, has over 35 years experience in the oil and gas industry. Since 1990 he has served, through his own consultancy, as petroleum advisor to numerous private companies in Switzerland and the United States who were seeking entry into the international energy sector. Previously, Mr. Hughes was for 23 years with Ashland Oil, occupying positions of increasing responsibility. As corporate vice president of exploration and production he was responsible for all of Ashland’s operations in more than a dozen foreign countries, including Indonesia, Kuwait, Nigeria, the U.K. North Sea, and Venezuela. As executive vice president of Ashland Oil International, he worked directly with U.S. congressmen, foreign ambassadors, and World Bank officials pursuing investment opportunities in petrochemicals, crude oil, and natural gas.

Mr. Hughes is a member and past national president of the Society of Petroleum Evaluation Engineers, a member and past national president of the Society of Independent Professional Earth Scientists, a senior member of the Society of Petroleum Engineers and past chairman of SPE’s National Capital section, and a member of the Independent Petroleum Association of America. He has also been elected to the “Twenty-Five Year Club,” which convenes at the annual meeting of the American Petroleum Institute and is composed of the petroleum industry’s 300 most distinguished members.

Mr. Hughes holds a B.S. degree in mechanical engineering from Washington University (St. Louis). He has also pursued graduate studies in reservoir engineering at Pennsylvania State College and in business administration and finance at the University of Houston.

Email: jd.hughes@petroleumequities.com

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Vinod K. Shrivastava
Principal for International Projects
Mr. Shrivastava is founder and president of CORE International Inc., a management consulting firm specializing in the assessment of industrial projects in developing companies. He is an internationally recognized expert in project financing and infrastructure development, having provided services in more than 100 countries throughout the world. CORE and Petroleum Equities jointly conduct assignments involving upstream ventures in the international petroleum sector.

As CEO of CORE, Mr. Shrivastava has developed over 250 projects in at least 70 countries involving a variety of donors and project sponsors, including multilateral financial institutions such as the World Bank, European Bank for Reconstruction and Development, Asian Development Bank, and Inter-American Development Bank; bilateral agencies such as the U.S. Trade and Development Agency and the U.S. Agency for International Development; governments and state enterprises in over 40 countries; and in the private sector, major corporations and venture capitalists. His infrastructure development experience includes numerous projects in the petroleum sector, as well as projects in the mining, power, telecommunications, and construction sectors.

Prior to founding CORE in 1984, Mr. Shrivastava held management positions with leading U.S. consulting firms and was a lecturer in physics at American University, the University of Maryland, and the Indian Institute of Technology in Kharagpur, India.

Mr. Shrivastava is a member of Sigma Xi (The Scientific Research Society). He holds a B.S. degree in physics and engineering from St. Aloysis College and an M.S. degree in applied technology from the University of Jabalpur, India. Mr. Shrivastava has also pursued graduate studies in physics and development economics at American University.

Email: vinod.shrivastava@petroleumequities.com

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Associate Consultants

Petroleum Equities maintains a database of over 2,000 professionals in the petroleum and energy industries, including earth scientists, engineers, financial analysts, marketers, land managers, and legal specialists. These associate consultants, most of whom have extensive experience both domestically and abroad, provide consulting services to the company on an ad hoc basis.

Following are links to the summary resumes of some representative consultants in our database with whom we have worked.

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