Clayton H. Riddell

Clayton H. Riddell (1937 - 2018),  Perpetual Energy's Founder and Chairman


All of us at Perpetual are deeply saddened by the passing of Clayton (Clay) H. Riddell, our founder and chairman. An icon in the Canadian oil and gas industry and advocate for the energy sector in Alberta, he was also a fervent philanthropist and family man.


Born on a farm near Treherne, Manitoba, Clay graduated with a bachelor of science degree in geology from the University of Manitoba in 1959 before moving to Alberta to start his career in oil and gas.






Getting his start at Chevron Standard, he would go on to found many oil and gas companies throughout his career, most recently and notably Paramount Resources which he founded in 1974 and of which he was Chairman at the time of his passing. His legacy in the industry is carried on by his children, son Jim Riddell, President and CEO of Paramount Resources, and daughter Sue Riddell Rose, President and CEO of Perpetual Energy Inc., a spin-off of Paramount Resources.


His career accolades were many, including being inducted into the Calgary Business Hall of Fame in 2006, the Petroleum Hall of Fame in 2015 and the Canadian Business Hall of Fame in 2017. He was also acknowledged by his peers with various awards including the Stanley Slipper Gold Medal from the Canadian Association of Petroleum Geologists in 1999, the Oustanding Explorer award from the American Association of Petroleum Geologists in 2004, and the J.C. Sproule Memorial Plaque from the Canadian Institute of Mining in 1994. He was a trailblazer in the industry and was committed to the responsible development of Canada's natural resources.


His love of sport and community was also a distinguishing characteristic of the long time Calgary Flames owner. As founder and tournament chairman of the Shaw Charity Classic, which has raised north of $30 million for youth-based charities, Clay was always focused on giving back to others. His philanthropic contributions resulted in the creation of the Clayton H. Riddell Faculty of Environment, Earth and Resources at the University of Manitoba, the Clayton H. Riddell Graduate Program in Political Management at Carlton University, the Riddell Library and Learning Centre at Calgary's Mount Royal University and the Vi Riddell Children's Pain and Rehabilitation Centre at the Alberta Children's Hospital.  In 2008 Clay was named an officer of the Order of Canada for his volunteer work and philanthropy.


He shared his love of sport, education, industry and community with those closest to him and leaves behind a legacy that will last many lifetimes. As a the head of our board of directors, Clay's guidance and leadership will be greatly missed here at Perpetual.