The University of Tulsa College of Engineering and Natural Sciences inducted Oklahoma energy entrepreneur Randy Foutch and U.S. Sen. Jim Inhofe into its Hall of Fame during a special ceremony March 7, 2019, at Gilcrease Museum. Foutch and Inhofe were honored for their outstanding accomplishments and contributions that bring significant recognition to TU.
Randy A. Foutch
Randy A. Foutch is an experienced energy executive and advocate for independent oil companies across the nation and has established several successful startup companies as a respected leader in the oil and gas industry. He has served as chairman of the Oklahoma Energy Resources Board and the International Society of Energy Advocates and is a previous director of the Oklahoma Independent Petroleum Association.
Foutch currently is chairman and CEO of Tulsa-based Laredo Petroleum Inc., a New York Stock Exchange listed company, LPI, which he founded in 2006. Laredo is an oil and gas company focused on exploration, development and acquisitions in the Permian Basin in West Texas. Prior to Laredo, Foutch founded and later sold Colt Resources (1996), Lariat Petroleum Inc. (2001) and Latigo Petroleum Inc. (2006).
Foutch has been a loyal supporter of The University of Tulsa for more than a decade, designating funding to areas such as the McDougall School of Petroleum Engineering, Gilcrease Museum and Golden Hurricane athletics. He currently serves on the board of directors of Helmerich & Payne and The National Petroleum Council, The Independent Petroleum Association of America and is chairman of the Energy Institute Advisory Board at the University of Texas at Austin. Previously, he served on the board of directors of Cheniere Energy, Bill Barrett Corporation and MacroSolve Inc., among others. Foutch is a member of several nonprofit and private industry boards including the Gilcrease Museum National Advisory Board and The University of Tulsa Board of Trustees. A licensed pilot, his passions for aviation and the history of westward expansion as well as the art and artists of the great American West are reflected in his support of Gilcrease Museum and the C.M. Russell Museum in Great Falls, Montana. Foutch has been inducted into the Tulsa Historical Society Hall of Fame and the TU Collins College of Business Hall of Fame and is a current member of the Golden Hurricane Club. He holds a bachelor of science degree in geology from the University of Texas and a master of science degree in petroleum engineering from the University of Houston.
Foutch and his wife, Jean, are parents of four grown daughters and have four grandchildren.
James M. Inhofe
James M. Inhofe serves as Oklahoma’s senior U.S. senator and is chairman of the Senate Armed Services Committee. Inhofe is a proud Oklahoman and long-time resident of Tulsa. He received a bachelor of arts degree in economics from The University of Tulsa in 1973 and was first elected to the United States Senate in 1994.
Inhofe has supported the Integrated Petroleum Environmental Consortium, a joint project involving TU, the University of Oklahoma, Oklahoma State University and other companies and institutions. As a longstanding supporter of Oklahoma’s energy and aviation industries, he has contributed to the Center for Aviation Systems Support and Infrastructure, a collaboration between TU, OU, OSU and Tinker Air Force Base, while advocating for TU advancements in computer science and cybersecurity.
In Inhofe’s 25 years of public service as a U.S. senator, he has championed long-term reform to increase the efficiency and effectiveness of the Defense Department and has focused on streamlining the acquisition process. He has received the Eisenhower Award from the National Defense Industrial Association for his commitment to raising public awareness of U.S. military and defense community needs.
Inhofe serves as chairman of the Subcommittee on Transportation and Infrastructure of the Committee on Environment and Public Works and is a member of the Senate Committee on Commerce, Science and Transportation. As a committed supporter of U.S. infrastructure, he has worked to implement policies that encourage the United States to meet its energy needs domestically. One of his greatest achievements to date began in 1999 when Inhofe introduced a bill to give states the freedom to make their own decisions about oil and natural gas regulatory structures, including those concerning hydraulic fracturing. The bill was incorporated in the Energy Policy Act of 2005.
An avid pilot with more than 11,000 flight hours, Inhofe is an advocate for aviation professionals and became the only member of Congress to fly an airplane around the world when he recreated Wiley Post’s legendary trip around the globe.
Prior to the U.S. Senate, Inhofe served in the U.S. House of Representatives, the Oklahoma House and Senate and as mayor of Tulsa. He and his wife, Kay, have been married 58 years and have 20 children and grandchildren.