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Terrence Pegula
Terrence Michael Pegula (born March 27, 1951) is an American billionaire businessman and petroleum engineer. He is the owner of the Buffalo Sabres of the National Hockey League (NHL) and, with a consortium of private equity firms and athletes, the Buffalo Bills of the National Football League (NFL). He is also the president of both franchises. Amassing his fortune via investments in Hydraulic fracturing, fracking, Pegula has interests in natural gas development, real estate, entertainment, and professional sports. His net worth is over $7 billion. Early life Pegula was born in Carbondale, Pennsylvania. His father worked in truck driving and coal mining. His mother hails from Montreal, Quebec, Canada. He attended high school at Scranton Preparatory School. From there he attended college at Penn State University where he earned a Bachelor of Science degree in petroleum and natural gas engineering. Beginning in 1985, he was based in Allegany (village), New York, Allegany, New York. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbondale, Pennsylvania
Carbondale is a city in Lackawanna County, Pennsylvania, United States. Carbondale is located approximately 15 miles due northeast of the city of Scranton, Pennsylvania, Scranton in Northeastern Pennsylvania. The population was 8,828 at the 2020 census. The land area that became Carbondale was developed by William and Maurice Wurts, the founders of the Delaware and Hudson Canal Company, during the rise of the anthracite, anthracite coal mining industry in the early 19th century. It was also a major terminal of the Delaware and Hudson Railroad. Carbondale was the site of the first deep vein anthracite coal mine in the United States, and was the site of the Carbondale mine fire which burned from 1946 to the early 1970s. Carbondale has struggled with the demise of the once-prominent coal mining industry that had once made the region a haven for immigrants seeking work. Immigrants from Wales, England, Scotland, Ireland, Italy and from continental Europe came to Carbondale in the 19t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage "private equity" can refer to these investment firms rather than the companies in which they invest. Private-equity capital (economics), capital is invested into a target company either by an investment management company (private equity firm), a venture capital fund, or an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Private equity can provide working capital to finance a target company's expansion, including the development of new products and services, operational restructuring, management changes, and shifts in ownership and control. As a financial product, a private-equity fund is private capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Larry Quinn (ice Hockey)
Larry Quinn (born c. 1952)Vogl, John (3 February 2011)Fed-up Quinn quits waterfront group as role with Sabres ends ''The Buffalo News''. Retrieved 3 February 2011. is an American ice hockey executive, businessman and politician, best known for his involvement with the Buffalo Sabres of the National Hockey League, NHL. Quinn has had two stints in the Sabres organization, the first in the 1990s as team president, and the second in the mid-to-late 2000s as partnership, managing partner, minority owner, and ''de facto'' president. Quinn, in 2014, won election to Buffalo Public Schools' board of education. Buffalo Sabres Quinn first joined the team as President in the 1990s and was responsible for hiring general manager Darcy Regier in 1997, after he had fired then-GM John Muckler. After Quinn and Regier allowed coach Ted Nolan to leave after the end of his contract, they hired Lindy Ruff as head coach. Both Regier and Ruff would stay with the team until their respective dismissals i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tom Golisano
Blase Thomas Golisano (born November 14, 1941) is an American billionaire businessman and philanthropist. He is the founder of Paychex, which offers payroll and human resources services to businesses. Golisano owned Greenlight Networks, a fiber internet provider based in Rochester, New York, from 2019 to 2022. He owned the Buffalo Sabres of the National Hockey League and Buffalo Bandits of the National Lacrosse League from 2003 to 2011. Golisano unsuccessfully ran for Governor of New York as a third-party candidate in 1994, 1998, and 2002. As of 2020, Golisano had a net worth of US$5.2 billion. Business Paychex was founded by Golisano in 1971. He started the company with $3,000 and a credit card. Golisano served as its president and Chief Executive Officer from 1971 to October 2004. He has been the Chairman of Paychex since October 1, 2004, and its Director since 1979. In April 2018, it was announced that Golisano was purchasing Greenlight Networks, a Rochester-based fiber i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hydraulic Fracturing
Fracking (also known as hydraulic fracturing, fracing, hydrofracturing, or hydrofracking) is a well stimulation technique involving the fracturing of Formation (geology), formations in bedrock by a pressurized liquid. The process involves the high-pressure injection of "fracking fluid" (primarily water, containing sand or other hydraulic fracturing proppants, proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants (either sand or aluminium oxide) hold the fractures open. Fracking, using either hydraulic pressure or acid, is the most common method for well stimulation. Well stimulation techniques help create pathways for oil, gas or water to flow more easily, ultimately increasing the overall production of the well. Both methods of fracking are classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marcellus Formation
The Marcellus Formation or the Marcellus Shale is a Middle Devonian age unit of sedimentary rock found in eastern North America. Named for a distinctive outcrop near the village of Marcellus, New York, it extends throughout much of the Appalachian Basin. The unit name usage by the U.S. Geological Survey (USGS) includes ''Marcellus Shale'' and ''Marcellus Formation''.See unit names marked by an asterisk aGeolex/ref> The term "Marcellus Shale" is the preferred name throughout most of the Appalachian region, although the term "Marcellus Formation" is also acceptable within the State of Pennsylvania. The unit was first described and named as the "Marcellus shales" by J. Hall in 1839. Description The Marcellus consists predominantly of black shale and a few limestone beds and concentrations of iron pyrite ( Fe S2) and siderite (Fe CO3). Like most shales, it tends to split easily along the bedding plane, a property known as fissility. Lighter colored shales in the uppe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Getty Oil
Getty Oil Company was an American oil marketing company with its origins as part of the large integrated oil company founded by J. Paul Getty. They went defunct in 2012. History J. Paul Getty incorporated Getty Oil in 1942. He had previously worked in the oil fields of Oklahoma along with his father George Getty. When George died, he left J. Paul with $500,000 and a projection that he would destroy the family business. Starting in 1949, J. Paul Getty negotiated a 30-year concession in the neutral zone between Saudi Arabia and Kuwait. Gordon Getty and his family inherited a 40% interest in the company when J. Paul Getty died in 1976. In 1984, after entering into a binding agreement to sell Getty and its 2.3-billion-barrel stockpile of proven oil reserves to Pennzoil, Gordon Getty struck a dramatic deal to sell the company to Texaco. On November 19, 1985, in the case of '' Texaco, Inc. v. Pennzoil, Co.'', Pennzoil won a US$10.53 billion verdict against Texaco in the large ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allegany (village), New York
Allegany is a village in Cattaraugus County, New York, United States. The population was 1,596 at the 2020 census. The village is in the eastern part of the town of Allegany, west of the city of Olean. St. Bonaventure University is south of the village. History The village of Allegany was incorporated in 1905. Prior to its incorporation, the area was part of the Town of Burton, established on April 18, 1831, from the Town of Great Valley. On March 28, 1851, the Town of Burton was renamed the Town of Allegany. The name "Burton" persists in the community through a longstanding bar and restaurant in the town. Geography According to the United States Census Bureau, the village has a total area of , of which is land and , or 1.01%, is water. The village is located north of the Allegheny River, and New York State Route 417 passes through the village. The Southern Tier Expressway ( Interstate 86 and New York State Route 17) bypasses the village to the north, with access from E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penn State University
The Pennsylvania State University (Penn State or PSU) is a Public university, public Commonwealth System of Higher Education, state-related Land-grant university, land-grant research university with campuses and facilities throughout Pennsylvania, United States. Founded in 1855 as Farmers' High School of Pennsylvania, Penn State was named the state's first land-grant university eight years later, in 1863. Its primary campus, known as Penn State University Park, is located in State College, Pennsylvania, State College and College Township, Pennsylvania, College Township. Penn State enrolls more than 89,000 students, of which more than 74,000 are undergraduates and more than 14,000 are postgraduates. In addition to its land-grant designation, the university is a National Sea Grant College Program, sea-grant, National Space Grant College and Fellowship Program, space-grant, and one of only six Sun Grant Association, sun-grant universities. It is Carnegie Classification of Instit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
