Owner/CEO • 5th Year with the Bills
Terry Pegula is a self-made
success story, rising from humble
beginnings to become one of the
most respected leaders in the
energy industry, and one of very
few professional sports owners
to operate franchises in multiple
Together with his wife Kim, Terry realized a life-long dream on October 8,
2014. The Pegulas received the unanimous approval of NFL owners to
succeed Pro Football Hall of Famer Ralph C. Wilson, Jr. and become the
second owners in the storied history of the Buffalo Bills.
“Owning any professional team is about winning and the primary goal of
our ownership will be to win the Super Bowl and bring the championships
to the city of Buffalo, and myself and my family will dedicate ourselves to
that,” he said at his introductory press conference.
Terry serves as CEO of the Bills and currently sits on the NFL’s Health
and Safety committee. In 2016, the Pegulas were honored with the Tank
Younger Award, which recognizes extraordinary contributions towards
diversity in the NFL.
Raised in Carbondale, PA, Terry is a 1969 graduate of Scranton
Preparatory School. He entered Penn State University as a math major
and was accepted into the Petroleum and Natural Gas Engineering
Program with a scholarship. He went on to graduate with a Bachelor
of Science degree in 1973 and landed his first job with Getty Oil Co.
in Victoria, TX. He later joined Felmont Oil Co. as an Area Engineer, a
decision that brought him to Olean, NY in 1975.
In 1983, Terry borrowed $7,500 from family and friends to create East
Resources Inc., an independent oil and gas exploration and production
company operating in the Appalachian Basin. Over the next 27 years,
Terry built East into one of the largest privately held companies in the
United States. In July of 2010, Royal Dutch Shell purchased the assets of
East Resources Inc., which continues to be active today. In 2012, Terry
formed JKLM Energy. JKLM is staffed with many former East Resources
employees and takes pride in contributing to U.S. energy independence
by producing Pennsylvania natural gas, elevating the state into one of the
top producing regions in the world.
Upon the sale of East Resources assets, Terry focused his attention on
his love of sports. In September of 2010, the Pegulas announced a gift of
$102 million to construct Pegula Ice Arena, paving the way for Division I
hockey at Penn State.
On February 22, 2011, Terry and Kim purchased the NHL’s Buffalo
Sabres. They followed up their commitment to hockey by purchasing the
AHL’s Rochester Americans later that year, restoring a longtime affiliation
between the Sabres and Amerks. The Pegulas opened Harborcenter in
2014. The $200 million dollar complex, next door to the Sabres’ KeyBank
Center, includes two hockey rinks, training facilities, four restaurants, a
full-service Marriott Hotel and parking. The combination of KeyBank
Center and Harborcenter have allowed Buffalo to be a center for hockey,
hosting the 2016 NHL Draft, NHL Combine, 2018 World Junior Hockey
Championships, and the 2019 NCAA Frozen Four.
In addition to overseeing the family’s sports operations, Terry runs JKLM
Energy in Pittsburgh and his family’s business operations in Boca Raton,
Florida. Terry and Kim have five children between them: Michael, Laura,
Jessica, Kelly and Matthew.
2018 BUFFALO BILLS O PAGE 8 FFICIAL YEARBOOK