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 US. The company was founded in 1983 by Terrence Pegula.[1] East Resources sold most of its assets to Royal Dutch Shell in 2010 for $4.7 billion[2] and the rest to American Energy in 2014 for $1.75 billion as Pegula shifted his focus to sports and entertainment properties (Pegula used most of the money from the American Energy sale to purchase the Buffalo Bills).[3] East Resources still maintains some natural gas assets.[4]

References

  1. ↑ "Royal Dutch Shell Scoops Up East Resources for $4.7 Billion". DailyFinance. 2010-05-28. Retrieved 2015-07-26.
  2. ↑ Berkowitz, Ben (May 28, 2010). "Shell pays $4.7 billion for shale gas company". Reuters. Retrieved August 5, 2014.
  3. ↑ Wawrow, John (August 5, 2014). Bills bidder Pegula closes $1.75 billion deal. Associated Press. Retrieved August 5, 2014.
  4. ↑ 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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