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● H e l p ● L e a r n t o e d i t ● C o m m u n i t y p o r t a l ● R e c e n t c h a n g e s ● U p l o a d f i l e
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Search
A p p e a r a n c e
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P a g e s f o r l o g g e d o u t e d i t o r s l e a r n m o r e ● C o n t r i b u t i o n s ● T a l k
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E a s t R e s o u r c e s
A d d l a n g u a g e s
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History
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The company was founded in 1983 by Terrence Pegula .[1] Cattaraugus County, New York through much of the late 20th century the company specialized in oil. In 2008, the company began focusing on natural gas through hydraulic fracturing. It profited heavily upon discovery of deep layers of natural gas in the Marcellus Formation and development of the hydraulic fracturing ("fracking") recovery process.[2] Parkersburg, West Virginia with additional offices in Warrendale, Pennsylvania , Allegany, New York , and Denver, Colorado , with natural gas processing facilities in Northern Pennsylvania.[3]
East Resources sold most of its assets to Royal Dutch Shell in 2010 for $4.7 billion[4] American Energy Partners, LP in 2014 for $1.75 billion.
Pegula has shifted his focus to sports and entertainment properties, acquiring the Buffalo Sabres in 2011[5] Buffalo Bills [6]
Today
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Pegula continues to own some natural gas assets through other companies, including Greater Rocky Mountain Regional Oil & Gas in Colorado and Wyoming, and JKLM Energy (named after the initials of Pegula's children) in Pennsylvania.[7] [8] [9] Boca Raton, Florida .
See also
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References
[ edit ]
^ "East Resources, Inc.: Private Company Information - Bloomberg" . www.bloomberg.com . Retrieved 2018-04-02 .
^ Berkowitz, Ben (May 28, 2010). "Shell pays $4.7 billion for shale gas company" . Reuters . Retrieved August 5, 2014 .
^ "TERRY PEGULA OFFICIALLY INTRODUCED AS NEW OWNER OF THE BUFFALO SABRES" . NHL.com . Retrieved 2020-05-14 .
^ Wawrow, John (August 5, 2014). Bills bidder Pegula closes $1.75 billion deal . Associated Press . Retrieved August 5, 2014.
^ "At Number 4 Pegulas are among the wealthiest in NFL" . Tom Precious. Buffalo News . October 5, 2014. Retrieved October 5, 2014 .
^ "Deep in the Hills of Pennsylvania, Terry Pegula's Other World" . Tom Precious. Buffalo News . September 24, 2017. Retrieved March 28, 2018 .
^ Graham, Tim (2014-08-05). "Pegula closes on $1.75 billion land deal, drops hint he has more if he needs it - BN Blitz - The Buffalo News" . Bills.buffalonews.com. Retrieved 2015-07-26 .
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=East_Resources&oldid=1169675897 " C a t e g o r i e s : ● O i l c o m p a n i e s o f t h e U n i t e d S t a t e s ● C o m p a n i e s e s t a b l i s h e d i n 1 9 8 3 ● C o m p a n i e s b a s e d i n C a t t a r a u g u s C o u n t y , N e w Y o r k ● C o m p a n i e s b a s e d i n B o c a R a t o n , F l o r i d a ● P e t r o l e u m c o m p a n y s t u b s H i d d e n c a t e g o r y : ● A l l s t u b a r t i c l e s
● T h i s p a g e w a s l a s t e d i t e d o n 1 0 A u g u s t 2 0 2 3 , a t 1 5 : 2 3 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
