Matthew Iak

U.S. Energy Development Corporation
Executive Vice President
(716) 636-0401

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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 experience in the areas of the private placement, Regulation D, as well as estate and tax planning. 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 of 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.

About Us: U.S. Energy Development Corporation (U.S. Energy), is an exploration & production (E&P) operating company that designs and manages direct investment opportunities for accredited investors and institutional partners.

Since 1980, the company has invested in, operated, and/or drilled more than 2,400 wells in 13 states and Canada; deploying more than $1.5 billion on behalf of our partners.