East Resources
natural gas liquids and oil | |
| Website | www |
|---|---|
East Resources, Inc., was an
oil and gas exploration and production company with a focus on unconventional shale oil
and gas resources in the United States.
History
The company was founded in 1983 by
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] and the rest to 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] and the Buffalo Bills[6] in 2014.
Today
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] The remains of the company are based in Boca Raton, Florida.
See also
- Pegula Sports and Entertainment – sports and entertainment company formed from Pegula's sale of East Resources
References
- ^ "Royal Dutch Shell Scoops Up East Resources for $4.7 Billion". DailyFinance. 2010-05-28. Retrieved 2015-07-26.
- ^ "Pegula Made His Fortune by Tapping into the Fracking Frenzy". David Robinson. Buffalo News. September 9, 2014. Retrieved March 28, 2018.
- ^ "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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