G. Albert Shoemaker Lecture Series to host alumnus William Fustos
The John and Willie Leone Family Department of Energy and Mineral Engineering is pleased to announce the selection of William Fustos, the former chief operating officer at East Resources, as the 2013 lecturer of the annual G. Albert Shoemaker Lecture Series in Mineral Engineering. The lecture will be held at the Penn State University Park campus on Friday, April 26, 2013, beginning at 3:30 PM with a reception in the College of Earth and Mineral Sciences Museum Gallery on the ground floor of Deike Building. The lecture, titled, "The Marcellus Shale: Economic Boom for Pennsylvania, Energy Security for the U.S.," will begin promptly at 4:00 PM.
Fustos graduated from Penn State University 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 Company and Kerr-McGee Corporation 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 over 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 B.A 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 Company 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.