Richard Folger

Richard Folger

B.B.A. PLM and Finance 1981, B.S. PE 1984
President and CEO, Warren Equipment

Richard Folger earned a Bachelor of Business Administration in Petroleum Land Management and Finance in 1981 and a Bachelor of Science in Petroleum Engineering in 1984 from The University of Texas at Austin. He also holds a graduate degree in banking from Southern Methodist University.

Richard began his professional career with First City National Bank, where he became senior vice president managing the Energy Lending Division. In 1992, he joined Warren Equipment Co.'s subsidiary, Compressor Systems Inc., as vice president of business development focusing on acquisitions and developing processes for the manufacturing of engineered products.

Four years later, he became president and chief operating officer of Compressor Systems Inc., and in 1999, Richard was elected president and chief executive officer of Warren Equipment Co. Under his leadership, the company expanded significantly and was recently named to Forbes 400 list of America's Largest Private Companies. Warren Equipment Co. designs, manufactures, sells and leases industrial power systems for the petroleum, electrical power, construction, transportation and mining industries.

Richard's community and professional affiliations include: trustee of Midland Memorial Hospital, director of the Gas Compressor Association, director and campaign chairman of Junior Achievement, director of United Way of Midland, director of the Permian Basin Petroleum Association, trustee of the Permian Basin Petroleum Museum and chairman of the capital campaign for St. Ann's Church. He is a member of the Society of Petroleum Engineers, Independent Producers Association of America, Permian Basin Petroleum Association and Natural Gas Society of the Permian Basin.

Richard, a Texas Exes life member, currently serves on the Chancellor's Council Executive Committee. He and his wife Lois are dedicated supporters of the Cockrell School of Engineering. They are long-time Friends of Alec, funded scholarships — including an endowed scholarship in petroleum engineering — and established the Lois K. and Richard D. Folger Leadership Chair in Petroleum and Geosystems Engineering. They reside in Midland, Texas and have two daughters.

OYEG Honorees

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