Penn State news by
Penn State's student blog

Topics

More

Pegula: Marcellus Shale Development Good for Us

After today’s Kent State game, while enjoying myself at a tailgate, I spotted Terry Pegula.

I was excited, to say the least. This was the man who had just yesterday donated $88 million to our dear university so it could create both a men’s and women’s Division 1 hockey program, enough to pay for everything from student-athlete scholarships to a world-class ice facility. A real-life billionaire, to boot!

I asked permission of my host to pester Pegula with a question– just one, I promised. He obliged and over I trotted to a man who seemed to be enjoying himself, with an expensive-looking cigar in one hand and some even more expensive red wine in the other.

“Mr. Pegula,” I said, “first off, let me just say that a lot of students are really excited about hockey coming to Happy Valley.”

Pegula said he was glad to make the gift, and that hockey was one of his two favorite sports (the other: football). He said that he’s been close to Joe Battista for a while now, a relationship that was undoubtedly crucial to his magnanimous donation. (I suggest you head over to StateCollege.com to read Joe Battista’s reflection about working with the Pegulas as they planned their gift.)

I told him that I run a Penn State student news website and asked if I could ask him a question for our readers. He said sure, so I proceeded.

“If you could tell students here at Penn State one thing, what would it be?”

He paused for just a millisecond before saying,

I would tell students that this contribution could be just the tip of the iceberg, the first of many such gifts, if the development of the Marcellus Shale is allowed to proceed.

Pegula, of course, made his billions through an early bet on the profitability of natural gas reserves embedded in the Marcellus Shale. With that, as Pegula turned back to the group with which he was seated, I thanked the billionaire donor and left him to enjoy the rest of his football Saturday. I was intrigued by the statement, though; that the donor thought Penn State students must know that the tapping of those reserves is a good thing, and didn’t simply spout off a generic platitude as I had expected.

So now my question to y’all is… if you could tell Pegula one thing, what would it be?

Your ad blocker is on.

Please choose an option below.

Sign up for our e-mail newsletter:
OR
Support quality journalism:
Purchase a Subscription!

About the Author

Davis

Creator of @OnwardState. Big fan of sweaters.

Follow on Another Platform
113kFollowers
157kFollowers
55.7kFollowers
4,570Subscribers
State College Links
Other posts by Davis

Penn State and the Process of Life

To paraphrase Mark Twain: The reports of higher education’s death have been an exaggeration. American universities produce more research and relevant knowledge for the world at large than any other institutions I know of. Tuition may be too damn high, but over the long-run, undergraduate degrees are definitely worth the cost. But Penn State could be so much more. It used to be, I think.

Bonded in Blue, White, and Worry

43 Simmons

[Photo Story] Penn State vs. Northwestern

After a soggy football Saturday, we rounded up our favorite photos from Penn State’s win over Northwestern.

Penn State Relay For Life Raises $41,519.93 Virtually

The event was done virtually this year due to the coronavirus, however many teams still participated in the event remotely.

Where To Eat In State College Late At Night: Your Penn State Drunk Food Guide

From tacos to pizza to egg rolls, State College has it all when it comes to late-night drunk food.

[Photo Story] Penn State vs. Northwestern

After a soggy football Saturday, we rounded up our favorite photos from Penn State’s win over Northwestern.

[Photo Story] Penn State vs. Northwestern

After a soggy football Saturday, we rounded up our favorite photos from Penn State’s win over Northwestern.

No. 11 Penn State Survives, Downs Northwestern 17-7

The Nittany Lions grinded through some ugly weather to advance to 5-0 on the season.

Gameday Coverage: No. 11 Penn State vs. Northwestern

Get ready for some ugly weather in Happy Valley.

 
Send this to a friend