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East Resources
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 Terrence Pegula. Based in 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. At the height of the company it was based in Parkersburg, West Virginia with additional offices in Warrendale, Pennsylvania, Allegany, New York, and Denver, Colorado, with natural gas processing facilities in Northern Pennsylvania. East Resources sold most of its assets to Royal Dutch Shell in 2010 for $4.7 billion and the rest to American Energy Partners, LP in 2014 for $1.75 billion. Pegula has shifted his f ...
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Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Parkersburg, West Virginia
Parkersburg is a city in Wood County, West Virginia, United States, and its county seat. Located at the confluence of the Ohio River, Ohio and Little Kanawha River, Little Kanawha rivers, it is the state's List of municipalities in West Virginia, fourth-most populous city and the center of the Parkersburg–Vienna metropolitan area. The city's population was 29,749 at the 2020 United States census, 2020 census, and its metro population was 89,490. The city is about south of Marietta, Ohio. History Settlers at first named the city Newport when they settled it in the late 18th century following the American Revolutionary War. A town section was laid out on land granted to Alexander Parker for his Revolutionary War service. Virginia made grants of land to veterans for their war service. The title conflicts between Parker and the city planners of Newport were settled in 1809 in favor of his heirs. The town was renamed Parkersburg in 1810. It was chartered by the Virginia General Ass ...
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Companies Established In 1983
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporat ...
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Oil Companies Of The United States
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from -4; we might wonder whether there's a point at which ...
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Pegula Sports And Entertainment
Pegula Sports & Entertainment (PSE) was an American sports and entertainment company based in Buffalo, New York. The company was established after billionaire Terry Pegula combined his sports, property and entertainment assets into one company. The company's assets included the Buffalo Bills of the National Football League, the Buffalo Sabres of the National Hockey League, the Buffalo Bandits and the Rochester Knighthawks of the National Lacrosse League, and the Rochester Americans of the American Hockey League. The company was operated by Kim Pegula, Terry's wife, as president and CEO. On August 28, 2023, Pegula Sports and Entertainment was dissolved, with the Bills and Sabres to be operated as "separate organizations" according to Terry Pegula. Pegula will remain owner and president of both franchises. A series of transactions in 2024, tied to Kim Pegula's incapacitation, led to her stake in the Bills being placed into an estate controlled by Terry Pegula and Bob Long, a smal ...
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Buffalo Bills
The Buffalo Bills are a professional American football team based in the Buffalo–Niagara Falls metropolitan area. The Bills compete in the National Football League (NFL) as a member of the American Football Conference (AFC) AFC East, East division. The team plays its home games at Highmark Stadium (New York), Highmark Stadium in Orchard Park (town), New York, Orchard Park, New York, and is building a New Highmark Stadium, new stadium which will be completed in 2026. Founded in 1959 as a charter member of the American Football League (AFL), the team joined the NFL in 1970 NFL season, 1970 following the AFL–NFL merger. The Bills' name is derived from an All-America Football Conference (AAFC) Buffalo Bills (AAFC), franchise from Buffalo that was in turn named after western frontiersman Buffalo Bill. Drawing much of its fanbase from western New York and neighboring southern Ontario, the Bills are the only NFL team that plays home games in the state of New York. The franchise is ...
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Buffalo Sabres
The Buffalo Sabres are a professional ice hockey team based in Buffalo, New York. The Sabres compete in the National Hockey League (NHL) as a member of the Atlantic Division (NHL), Atlantic Division in the Eastern Conference (NHL), Eastern Conference. The team was established in 1970–71 NHL season, 1970, along with the Vancouver Canucks, when the league expanded to 14 teams. The Sabres have played their home games at KeyBank Center since 1996–97 NHL season, 1996, having previously played at the Buffalo Memorial Auditorium since their inception. The Sabres are owned by Terry Pegula, who purchased the club in 2011 from Tom Golisano. The team has twice advanced to the Stanley Cup Finals, losing to the Philadelphia Flyers in 1975 Stanley Cup Finals, 1975 and to the Dallas Stars in 1999 Stanley Cup Finals, 1999. The Sabres, along with the Canucks, are the oldest active NHL franchises to have never won the Stanley Cup. The Sabres have the longest active playoff drought in the NHL ...
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American Energy Partners, LP
American Energy Partners, LP, also known as AELP, was an American natural gas and oil company founded in April 2013 by Aubrey K. McClendon. The company managed affiliates responsible for natural shale gas and oil production and exploration in the United States, as well as management of assets, minerals, royalties and non-operated properties. It was headquartered in Oklahoma City, Oklahoma, and employed over 450 people as of August 2015. AELP announced on May 18, 2016, two months after McClendon's death, that it would end operations and close by the end of summer 2016. History Oklahoma City businessman Aubrey K. McClendon founded American Energy Partners in April 2013 after leaving Chesapeake Energy Corporation, the company he co-founded and ran as CEO for 24 years. AELP began with a staff of 12 based in Oklahoma City. In its first year, it generated $1.7 billion in funding to develop and drill approximately 110,000 net acres of the Utica Shale formation in Ohio. McClendon re ...
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Royal Dutch Shell
Shell plc is a British multinational oil and gas company, headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. A core component of Big Oil, Shell is the second largest investor-owned oil and gas company in the world by revenue (after ExxonMobil), and among the world's largest companies out of any industry. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in April 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. Shell first ente ...
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Natural Gas Processing
Nature is an inherent character or constitution, particularly of the ecosphere or the universe as a whole. In this general sense nature refers to the laws, elements and phenomena of the physical world, including life. Although humans are part of nature, human activity or humans as a whole are often described as at times at odds, or outright separate and even superior to nature. During the advent of modern scientific method in the last several centuries, nature became the passive reality, organized and moved by divine laws. With the Industrial Revolution, nature increasingly became seen as the part of reality deprived from intentional intervention: it was hence considered as sacred by some traditions ( Rousseau, American transcendentalism) or a mere decorum for divine providence or human history ( Hegel, Marx). However, a vitalist vision of nature, closer to the pre-Socratic one, got reborn at the same time, especially after Charles Darwin. Within the various uses of the wo ...
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Denver, Colorado
Denver ( ) is a List of municipalities in Colorado#Consolidated city and county, consolidated city and county, the List of capitals in the United States, capital and List of municipalities in Colorado, most populous city of the U.S. state of Colorado. It is located in the Western United States, in the South Platte River, South Platte River Valley on the western edge of the High Plains (United States), High Plains east of the Front Range of the Rocky Mountains. With a population of 715,522 as of the 2020 United States census, 2020 census, a 19.22% increase since 2010 United States census, 2010, Denver is the List of United States cities by population, 19th most populous city in the United States and the fifth most populous state capital. Denver is the principal city of the Denver metropolitan area, Denver Metropolitan area (which includes over 3 million people), as well as the economic and cultural center of the broader Front Range Urban Corridor, Front Range, home to more than ...
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Allegany, New York
Allegany is a town in Cattaraugus County, New York, United States. The population was 7,493 at the 2020 census. The Town of Allegany is on the south border of the county, west of the City of Olean. There is a village named Allegany inside this town. The origin of the name Allegany is uncertain. It may have come from the name of a tribe called Allegewi that lived along the Allegheny River's banks. It may also be based on a Native American word meaning "lovely" or "beautiful". History The town was first settled around 1820 by Ebenezer Reed, who moved from Connecticut. The Town of Allegany was formed on April 18, 1831, as the "Town of Burton" from a part of the town of Great Valley. On March 28, 1851, the name was changed to "Allegany.". In 1836, part of Allegany was used to form the Town of Humphrey. A new community to be called "Allegany City" was proposed in 1837 to be built south of the Village of Allegany, but the plan was halted after a planned railroad changed its ...
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