YSU geologist to address group


January 4, 2012 at 12:00a.m.

YSU geologist to address group

YOUNGSTOWN

The West Side Citizens Coalition is sponsoring a talk by Jeffrey Dick, chairman of the Geological and Environmental Sciences department at Youngstown State University. He will discuss the possible relationship between injection wells used to dispose of hydraulic fracturing water and several area earthquakes.

The meeting begins at 7 p.m. Tuesday at the D.D. & Velma Davis Center at Mill Creek Park’s Fellows Riverside Gardens, 123 McKinley Ave. For more information, contact Karen Fox at kfox65@sbcglobal.net.

Youngstown native joins PR firm

CANFIELD

Peccia Communications announced Tuesday that Jim Houck, a 15-year public- relations veteran and Mahoning Valley native, has joined the company as senior consultant.

Houck was an account director at Akhia Public Relations and Marketing Communications in Hudson. Previously, he was an account manager with Marcus Thomas LLC in Cleveland and a corporate communications representative with Delphi Packard Electric in Warren.

Pecchia Communications provides senior-level public relations, media relations, professional writing, marketing, social media and change- management services to companies large and small, primarily in Northeast Ohio.

Dunkin’ Donuts site closes after 42 years

Boardman

Customers were treated to free coffee and doughnuts Monday before the Dunkin’ Donuts at Market Street and Wilda Avenue in Boardman closed its doors after 42 years at the location.

A new location in Boardman is being sought that will provide additional parking and drive-through access.

The Dunkin’ Donuts at 7635 Market St. will remain open.

Stake in Utica Shale

Youngstown

A $2.32 billion joint venture gives French oil company Total S.A. a 25 percent stake in Chesapeake Energy Corp.’s Utica Shale holdings in Ohio. The sale was announced Tuesday, and the deal closed Dec. 30, according to a news release from Chesapeake.

It involved 619,000 acres of the liquids-rich Utica area in all or a portion of 10 counties in eastern Ohio, including Mahoning, Trumbull and Columbiana counties.

Chesapeake contributed to approximately 542,000 net acres of the joint venture, and Houston-based EnerVest, Ltd. contributed about 77,000 net acres.

Chesapeake received about $2.03 billion in the sale, and was paid about $610 million in cash at closing. The remainder will be paid in the form of a drilling and completion cost carry, which Chesapeake anticipates fully receiving by year-end 2014.

EnerVest was paid about $290 million. Chesapeake will serve as the operator of the joint venture and will conduct all leasing, drilling, completing, operating and marketing activities for the project, the news release said.

Vindicator staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .66, 21.81 —0.24

Avalon Holdings,2.900.00

Clear Channel, .65 63.04 —0.06

Cortland Bancorp, 6.60—0.20

Farmers Nat.4.85 —0.10

First Energy, 2.20, 42.81—1.49

FirstMerit Corp., .64,15.70 +0.57

First Niles Financial, .32,7.980.00

First Place Fin., 0.51—0.01

FNB Corp., .48,11.69+0.38

General Motors,21.05+0.78

General Electric, .60,18.36+0.45

Motors Liquidation, 0.04220.00

Huntington Bank, .16, 5.62+0.14

JP Morgan Chase, 1.00,34.98+1.73

Key Corp, .12,7.77+0.08

LaFarge, 9.14 +0.46

Macy’s, .40, 32.68+0.50

Parker Hannifin, 1.48, 78.83+2.58

PNC, 1.40,59.03+1.36

RTI Intl. Metals,24.36+1.15

Simon Prop. Grp.,3.20,129.38+0.44

Stoneridge 8.73 +0.03

United Community Fin. 1.28+0.01

Selected prices at 4 p.m. Tuesday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.