Western Energy Alliance Honors Antero Resources’ Paul Rady as ‘Wildcatter of the Year’
Western Energy Alliance awarded Paul Rady, chairman and chief executive officer of Antero Resources, Corp., with the Wildcatter of the Year before a crowd of several hundred oil and natural gas leaders. As the 34th recipient of the Wildcatter award, Rady was commended for his leadership in the industry and his generous philanthropy in the West.
“Paul embodies the spirit of the Wildcatter. He exemplifies not only the leadership, and integrity of our industry, but his philanthropy and service to communities in the West reflect the enormous benefits our industry provides to all of society. He has the independent wildcatter mentality of always striving to improve the industry and community overall. His successful career of setting a vision and then leading people to make it reality is an inspiration to us all,” said Kathleen Sgamma, president of Western Energy Alliance.
Rady has served as chairman and CEO of Antero since co-founding the company in 2002. Based in Denver, Antero is the largest natural gas liquids and the seventh largest natural gas producer in the United States. Among his company’s success was a $1.8 billion initial public offering in October 2013 that was the largest in U.S. history for an independent exploration and production company. In 2005, Antero sold its assets in the Barnet Shale region of Texas to XTO Energy for more than a billion dollars.
He has served in several executive positions in the industry. From 1998 to 2001 Rady served as president, chairman and CEO of Powder River Basin operator Pennaco Energy. Prior to that, at Barrett Resources Rady began as chief geologist in 1990 and over eight years worked his way up to president, chief operations officer and director, and ultimately CEO of the Barnett Shale operator. His career started with 10 years at Amoco after earning a bachelor’s of science in geology from Western State College of Colorado and a masters of science in geology from Western Washington University.
Equally impressive is Rady’s leadership in the community. Earlier this year, he donated $80 million to Western State Colorado University, the largest gift to the school, to build the Paul M. Rady School of Computer Science and Engineering. He has been very active with the Denver Chapter of Chinese Children’s Adoption International, serving on its board and as its chair. Paul and wife Katy have given generously to Children’s Hospital and created an endowed chair in congenital cardiac surgery. In honor of his brother-in-law, Paul and Katy funded the Paul R. O’Hara Endowed Chair in Esophageal Cancer at the Colorado University Cancer Center. He has helped many disadvantaged scholars with significant support of ACE Scholarships over the years.
In 2014, Rady was inducted into Western Energy Alliance’s Rocky Mountain Hall of Fame.
About the Wildcatter of the Year Award
The title Wildcatter of the Year is reserved only for the most prominent leaders in the western oil and natural gas industry whose entrepreneurial and exploratory spirit have contributed significantly to America’s energy security and the betterment of society. The term “wildcatter” originates from the 1880s when independent speculators ranged across the West in hopes of discovering new or unproven oil reserves. The Wildcatter of the Year is not only a leader in industry, but a role model in the community as well, demonstrating leadership both on and off the oil field.
The announcement was made tonight during Western Energy Alliance’s Wildcatter of the Year Gala. A “who’s who” of independent oil and natural gas producers in the West, 400 attended the gala to join in congratulating Paul Rady on this lifetime achievement award.