Western Grad Donates $2.5 Million to Petroleum Geology Program

Western State Colorado University graduate Paul Rady has donated his second gift of more than $1 million to Western’s Petroleum Geology program, bringing Mr. Rady’s total donations to $2.5 million. Mr. Rady, chairman, CEO and co-founder of Denver-based energy company Antero Resources, graduated from Western in 1978. He has had a long and successful career in the energy industry.

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“This major gift is a game changer for Western’s Petroleum Geology offerings. It allows us to elevate what was already one of the best programs of its kind in the country,” says Western State Colorado University President Dr. Greg Salsbury. “Mr. Rady’s generosity will help generations of future Mountaineers begin great careers, and we couldn’t be more grateful.”

The average annual salary of a recent graduate working as a petroleum geologist is $96,000 per year, according to the American Association of Petroleum Geologists. Western’s Moncrief Petroleum Geology program is designed for geoscientists pursuing careers in the oil and gas industry, as well as careers in resource assessment and energy policy. Mr. Rady’s charter gift of $1 million helped launch the program in 2002.

Paul Rady (photo at left) atop 14,074 ft Missouri Mountain with Glen Warren, President, CFO and co-founder of Antero Resources.

Mr. Rady graduated from Western in 1978 with a degree in Geology. He began his career working for Amoco in Denver, before moving on to eventually become CEO of Barrett Resources, then chairman and CEO of Pennaco Energy. Mr. Rady then co-founded his current company, Antero Resources.

“Western State Colorado University’s Petroleum Geology program is outstanding, and my experience at Western gave me a great start,” Mr. Rady says. “Giving back to Western has been one of the greatest joys of my life. With this gift, Western will be able to grow its cutting-edge Petroleum Geology offerings and launch many more careers in an industry that is hiring large numbers of highly paid geoscientists.”

Dr. Jim Coogan, Western's first Rady Chair of Petroleum Geology, says “Everyone present at the birth of the Petroleum Geology program can only marvel how Paul has anticipated the growth in industry careers and innovation over the past decade. The program has grown tremendously since then, so Paul’s latest gift comes at an ideal time for the program and the University.”

Western’s Petroleum Geology faculty and students work and learn in Hurst Hall, one of the most technologically sophisticated science buildings in Colorado. The indoor and outdoor Petroleum Geology labs are equipped with the state-of-the-art instruments, software and data sets. During their time at Western, Petroleum Geology students learn in small classes, taught by professors with top-notch experience. Students spend significant time researching in the field and developing professional contacts within the energy industry. Nearly all of Western's Petroleum Geology graduates are offered either employment in the industry after graduation or accepted into graduate programs.

 To learn more about Western’s Petroleum Geology offerings, click here.

 

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Date: 
Wednesday, July 23, 2014 - 9:15am