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Pegula Sports and Entertainment could look different moving forward

Source: Buffalo News

‘At his introductory news conference, Terry Pegula said he would pour an infinite amount of resources into bringing a Stanley Cup to Buffalo – “If I want to make money, I’ll drill another well,” he quipped – but the natural gas business isn’t doing much for Pegula these days. His companies stopped drilling months before the pandemic because of a decrease in demand and low prices in the oil and gas industry. The price of natural gas closed Thursday at $1.69 per 1,000 cubic feet, a 21% drop since his Pennsylvania-based JKLM Energy stopped drilling in July.’

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  4. Pegula drew violations as gas driller
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Filed Under: Buffalo News

Buffalo News | Apr 20, 2020

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