Accounts Receivable Due from Non-Operators

6 Months Ended

Jun. 30, 2011

Note Receivable and Accounts Receivable Due from Non-Operators [Abstract]

ACCOUNTS RECEIVABLE DUE FROM NON-OPERATORS

NOTE 4 — ACCOUNTS RECEIVABLE DUE FROM NON-OPERATORS

Trans Energy is the drilling operator for wells drilled on behalf of the Company and other third parties. As of June 30,2011, $71,803 was owed to Trans Energy from non-operators. This amount represents $2,050,323 that was owed to Trans Energy for drilling costs to be reimbursed by third parties, net of drilling advances of $1,978,520. As of December 31, 2010, $82,964 was owed to Trans Energy for drilling costs to be reimbursed by third parties.