Buffalo Bills Owner Terry Pegula on the Hunt to Buy NatGas Assets

Terry Pegula is a billionaire who owns both the Buffalo Sabres (NHL hockey team) and the Buffalo Bills (NFL football team). Pegula is the owner of East Resources, once a big driller (and holder of acreage) in the Marcellus Shale. Pegula sold off East’s Marcellus assets and used the money, in part, to buy the Buffalo Bills in 2014, which gave rise to MDN calling the team “the Marcellus Bills”–since it was Marcellus money that kept the team in Buffalo, instead of moving to another market (see Buffalo Bills Stay in Buffalo, Thanks to $1.4B of Marcellus Money). Yes, “dirty” fracking money saved the Bills! Pegula is once again in the hunt to purchase oil and gas assets. Hey, it’s a buyer’s market right now and Pegula didn’t become a billionaire by being dumb…

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