Penn State Hockey was established in 1939 and was a varsity sport until 1946. The program started up again in 1971 and won seven American Collegiate Hockey Association National Championships (i.e. club national championships) between 1984 and 2003.
According to a story by Cory Giger of the Altoona Mirror, "Penn State is on the verge of building a new ice hockey arena near the Bryce Jordan Center and adding Division I men's and women's hockey programs."
Wow, this is GREAT news! Here are some other juicy excerpts from Giger's story...
The first step is acquiring private funds to build a facility that would seat 6,000-8,000 people. The cost for that is expected to be between $60 million and $80 million.At this point you may be asking "Who is Terry Pegula?" According to the biography on his company Web site...
Most, if not all, of that money would come from Penn State alum Terry Pegula.
The Mirror has learned that, in the past few weeks, Pegula and Penn State athletic director Tim Curley visited the University of Minnesota hockey facility and went to Notre Dame to examine the new arena being built there.
Penn State commissioned Crawford Architects in Missouri to come up with design proposals for an arena, which would be built near the Jordan Center and Medlar Field at Lubrano Park. One thing that hasn't been decided is if the arena would be for hockey only or a multi-use facility.
Terrence Pegula, is the founder of East Resources, Inc. and has held the position of President, CEO, and sole shareholder since the company's inception in 1983.And where would the money come from to build the arena?
He holds a B.S. in Petroleum and Natural Gas Engineering from The Pennsylvania State University, and has over 35 years of experience in the oil and natural gas industry.
Prior to founding East, he gained experience employed by Getty Oil Co. and Felmont Oil Corp. in Victoria, Houston and Midland, Texas as a drilling, production and reservoir engineer.
Born and raised in Pennsylvania, he returned to the northeast and founded East Resources, Inc., building it into one of the largest independent oil and natural gas companies in the Appalachian Basin.
Royal Dutch Shell P.L.C. became the latest big international player to buy a stake in the Marcellus Shale when it announced Friday that it would pay $4.7 billion for East Resources Inc., a Pennsylvania company that has morphed into a hefty natural-gas operator.The Pegulas are big-time donors to the Republican Party, including at least $205,000 to the campaign of Pennsylvania Attorney General Tom Corbett, who won the GOP gubernatorial primary and is leading in the polls for the general election.
Shell's purchase of East Resources is a windfall for its founder, Terrence M. Pegula, a Pennsylvania State University alumnus who grew up in Carbondale, near Scranton, and worked in the Texas oil industry before returning to Pennsylvania in 1983.
East Resources built up its holdings by acquiring unwanted oil and gas acreage from companies such as Pennzoil when major petroleum operators were leaving Appalachia. Until the Marcellus play developed in recent years, the company primarily developed shallow wells in conventional formations.
The sale is also a bonus for Kohlberg, Kravis, Roberts & Co., the New York private-equity firm that spent $350 million last year to buy a minority share in East Resources to finance its Marcellus development.
Pegula, who was East Resources' sole shareholder before KKR invested last year, was traveling Friday and unavailable for comment.
"I'm sure Terry's doing well," said Stephen W. Rhoads, the company's spokesman.
If these rumors come to fruition, that would give the Big Ten six varsity programs. Ohio State, Michigan, and Michigan State (and Notre Dame) play in the Central Collegiate Hockey Association. Minnesota and Wisconsin play in the Western Collegiate Hockey Association.
Six teams would be enough for the NCAA to sanction a Big Ten Hockey Championship Tournament, but could the Big Ten convince the other five schools to break their long-standing ties with the CCHA and WCHA?
We have a feeling Jim Delany would pitch the Big Ten Network as a recruiting tool and sell them on the value to the BTN (and thus the schools) of adding another sport to their inventory.
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