Twinsburg

The Appalachian Basin consolidation trend continued yesterday asTwinsburg, OH-based North Coast Energy announced it has completedthe purchase of Peake Energy Inc. from North Canton, OH-basedBelden & Blake Corp. for $72.5 million. A spokesman from NorthCoast said the companies have been working on completing this dealfor the past three months. The purchase more than doubles NorthCoast’s production and reserves.