UNIVERSITY PARK, Pa. -- William Fustos, the former chief operating officer at East Resources, will be giving a lecture on "The Marcellus Shale: Economic Boom for Pennsylvania, Energy Security for the U.S.," as Penn State's 2013 G. Albert Shoemaker Lecturer in Mineral Engineering. The event begins at 3:30 p.m. Friday, April 26, with a reception in the College of Earth and Mineral Sciences Museum Gallery on the ground floor of Deike Building. The lecture begins promptly at 4 p.m., in Room 22 Deike Building.
Fustos graduated from Penn State in 1979 with a bachelor's degree in petroleum and natural gas engineering. He began his oil and gas career with Texaco Inc. in their Gulf Coast Operations in Louisiana as a reservoir engineer. He moved back to his hometown of Pittsburgh in 1981 and worked in the Appalachian Basin for several independent oil and gas companies including Delta Drilling Co. and Kerr-McGee Corp. until 1994, when he formed Fustos Energy Services, an engineering firm whose work included reservoir engineering consulting along with a contract well servicing business.
Fustos joined East Resources in 1998 as vice president of operations. In 2002, he became East’s chief operating officer. By 2010, East Resources owned and operated approximately 2,500 oil and gas wells in Pennsylvania, West Virginia, New York and Colorado, and employed more than 300 people in the Appalachian Basin. In 2006, East began a Marcellus Shale exploration effort in northeast Pennsylvania. Ultimately, the company held in excess of 650,000 acres of Marcellus Shale rights in Pennsylvania, New York and West Virginia. After the formation of a successful private equity partnership with the firm of Kohlberg, Kravis and Roberts in 2009, the company was sold to Royal Dutch Shell in 2010.
Fustos has been married to his wife Lindsey for 28 years. Lindsey earned a bachelor of arts degree in history from Penn State in 1975. They have three children: Elizabeth, 26, Emily, 22, and Andrew, 19. All three children have either graduated from or are attending Penn State. Bill and Lindsey have lived in the Pittsburgh area for the last 28 years, and now also maintain a residence in the State College area.
The G. Albert Shoemaker Lecture Series in Mineral Engineering was established in 1992 by Mercedes G. Shoemaker to honor the memory of her husband, a Pittsburgh civic and industrial leader dedicated to the support of higher education. G. Albert Shoemaker, a Penn State Distinguished Alumnus, had an eminent career in the mineral industries. He was for many years a leader of the coal industry, serving as president of the Pittsburgh Coal Division of Babcock & Wilcox and later as president of Consolidation Coal Co. from 1960 to 1966. Among many civic and philanthropic activities, he served as a member of the University Board of Trustees from 1957 to 1978 and as board president from 1970-72.
For more information, including a lecture abstract, visit http://www.eme.psu.edu/news-events/events/shoemaker-lecture-2013.