Paul M. Rady

PAUL M. RADY joined Pennaco Energy in June of 1998 as its Chief
Executive Officer, President and Director. Prior to assuming the duties
as the company’s Chief Executive Officer, Mr. Rady was employed by
Barrett Resources Corporation for approximately eight years. During his
tenure at Barrett, Mr. Rady held various high ranking executive
positions including his most recent position as CEO, President and
Director. Other executive positions held by Mr. Rady prior to the Board
electing him as CEO and President were Chief Operating Officer,
Executive Vice President ‘ Exploration, and Chief Geologist ‘
Exploration Manager. While at Barrett, Mr. Rady was a leading executive
in the management team that grew Barrett from a $20 million market
capitalization NASDAQ firm, active in one basin (Piceance), to a $1.2
billion market cap NYSE firm with 963 BCFE at year end 1997, active in
11 basins in the Rockies, Mid-Continent, Permian Basin, Gulf of Mexico,
and Peru. In his final fifteen months as President and CEO, Barrett
under his direction grew into a major leaseholder and player in the
Powder River Basin Coal Bed Methane Play. Prior to his employment at
Barrett, Mr. Rady was employed by Amoco Production Company based in
Denver, Colorado for 10 years where he was recognized as a leading
geologist within Amoco and where he received credit for finding
significant gas fields in the Arkoma Basin of Oklahoma. Mr. Rady
received a Bachelor of Arts degree in Geology from Western State College
of Colorado in 1978 and a Master of Science Degree in Geology from
Western Washington University in 1980.