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GEM’s Gems March 2014 – Richard Rondeau

March 1, 2014

The GEM Program is honoring alumnus and advisory council member Richard Rondeau as the February GEM’s GEM. As a testament to his extensive expertise and industry experience, Rondeau has held multiple positions at Venoco over the years involving geoscience, business development, and strategy.

Richard Rondeau, GEM's Gem

Richard Rondeau, GEM’s Gem

“I’ve been working in this industry since the early 80’s and not a day goes by without learning something new,” he said. “This creates tremendous growth opportunities for those employed in the industry.”

Several employees from Venoco participated in the GEM Program, and it was recommended to Rondeau as a choice opportunity by his supervisor.

“My manager at the time suggested I look into the program because he thought it would help provide future career opportunities,” he said. “I’ll admit, after the first cohort weekend, I felt like I was on shaky ground. There is a rhythm to the program, however, and after about week two or three, I found it and never looked back. As such, I’ve added a tremendous skill set to my technical background and feel I am a much better employee because of it.”

What is your Professional Title, Company? Since GEM I’ve held several positions within Venoco including Geosciences Manager, Asset Manager, Geologist for New Ventures, and Business Development

 Briefly describe your current role and responsibilities. Currently, I’m screening acquisition candidates in the Rockies and Mid-Continent. I’ve looked at dozens of geologic plays across the Rockies and am developing play books for each basin. The play books are aimed at facilitating rapid response to pending acquisitions as well as scouting for new areas that fit Venoco’s growth objectives.

 What do you enjoy most about working in the energy industry? The energy industry consists of many varied applications and covers geography around the world. I’ve been working in this industry since the early 80’s and not a day goes by without learning something new. This creates tremendous growth opportunities for those employed in the industry.

 How has the GEM program benefited you? I came up through the industry as a working geologist. While I had a solid understanding of this discipline, what I was missing was the business acumen. The GEM program provided me an economics, finance, management, and strategy foundation, all of which helped me fulfill my potential as an asset manager and now as a geologist on the New Ventures team.

What were some of your favorite things to do during cohort weekends? Being in my mid 50’s and working full time, room service and an early night were key to getting through those first four days (during cohort weekends) and showing up for work on Tuesday morning.

Why did you choose the GEM program at CU Denver? The GEM program really chose me. Several employees from Venoco had previously participated in the program. My manager at the time suggested I look into the program because he thought it would help provide future career opportunities. I told him I was too old and tired to go back to school and didn’t know if I really had the energy to tackle such a program while working full time. I’ll admit, after the first cohort weekend, I felt like I was on shaky ground. There is a rhythm to the program, however, and after about week two or three, I found it and never looked back. As such, I’ve added a tremendous skill set to my technical background and feel I am a much better employee because of it.

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