Richard D. Folger

Richard Folger is managing general partner of Colbridge Partners, Ltd., a private investment partnership. In April 2015, he retired as chief executive officer and president of Warren Equipment Company, a position he held since 1999.

Under his leadership, the company expanded significantly and was named to the Forbes 400 list of America's Largest Private Companies. Warren Equipment Company designed and manufactured industrial systems for the petroleum, electrical generation, construction, transportation and mining industries. Prior to that, he was president and chief operating officer of Compressor Systems, Inc.

Folger is a graduate of The University of Texas at Austin with a BBA in finance and petroleum land management and a bachelor of science in petroleum engineering. He received a master of science in finance from the University of Notre Dame. Richard is also a graduate of the Southwestern Graduate School of Banking at Southern Methodist University. Richard has been recognized by The University of Texas Cockrell School with the Distinguished Engineering Alumni Award and by the Society of Petroleum Engineers with the Public Service Award and the Distinguished Member Award.  

Folger’s involvement with The University of Texas include: chairman of the Red McCombs School of Business Advisory Council, the University Development Board, President’s Associates, the Cockrell School Engineering Advisory Board, and University of Texas System Chancellor’s Council Executive Committee. His community and professional affiliations include: Director and former Chairman of the Federal Reserve Bank of Dallas - El Paso Branch, Board of Governors and Immediate Past-Chairman of the Board of Trustees of Midland Memorial Hospital, Advisory Board for The Helen Greathouse Charitable Trust and The Rea Charitable Trust, and Director of the Permian Basin Petroleum Association. Active memberships include the Society of Petroleum Engineers and Natural Gas Society of the Permian Basin.

Folger is a lifetime member of the Texas Exes and has supported the University through endowments including the Leadership Chair in Petroleum and Geosystems Engineering, endowed scholarships in petroleum engineering, President’s Associates Endowment, the Chancellor’s Excellence Endowment, and the Dean's Leadership Chair in the McCombs School of Business. He and his wife Lois reside in Midland, Texas.