Business Segments

6 Months Ended

Jun. 30, 2011

Business Segments [Abstract]

BUSINESS SEGMENTS

NOTE 11 — BUSINESS SEGMENTS

Trans Energy’s principal operations consist of exploration and production with Trans Energy and Prima Oil Company, and pipeline transmission with Ritchie County Gathering Systems and Tyler Construction Company.

Certain financial information concerning Trans Energy’s operations in different segments is as follows:

	For the
	Three
	Months		Exploration
	Ended June		and		Pipeline
	30,		Production		Transmission			Corporate			Total
Revenue		2011	$	3,798,469	$	85,487		$	10,360		$	3,894,316
		2010		1,393,663		80,855			28,193			1,502,711
Income (loss) from		2011		1,110,484		82,916			(1,570,695	)		(377,295	)
operations		2010		386,710		(63,897	)		(601,845	)		(279,032	)
Interest expense		2011		442,923		—			—			442,923
		2010		817,963		—			—			817,963
Depreciation, depletion,		2011		1,847,662		2,516			—			1,850,178
amortization and accretion		2010		591,238		2,707			—			593,945
Property and equipment		2011		5,125,815		—			—			5,125,815
acquisitions, including		2010		3,652,329		—			—			3,652,329
oil and gas properties

	For the Six
	Months
	Ended		Exploration
	June		and		Pipeline
	30,		Production		Transmission			Corporate			Total
Revenue		2011	$	5,253,094	$	245,043		$	26,278		$	5,524,415
		2010		2,372,219		182,166			55,685			2,610,070
Income (loss) from		2011		14,212,162		239,956			(2,616,556	)		11,835,562
operations		2010		357,423		(141,232	)		(1,206,714	)		(990,523	)
Interest expense		2011		850,117		—			—			850,117
		2010		1,368,978		—			—			1,368,978
Depreciation, depletion,		2011		2,398,888		5,032			—			2,403,920
amortization and accretion		2010		1,138,304		5,416			—			1,143,720
Property and equipment		2011		12,315,380		—			—			12,315,380
acquisitions, including		2010		5,711,330		—			—			5,711,330
oil and gas properties
Total assets, net of intercompany accounts:
June 30, 2011			$	56,124,790	$	405,775		$	—		$	56,530,565
December 31, 2010			$	40,530,099	$	357,479		$	—		$	40,887,578

Property and equipment acquisitions include accrued amounts and reclassifications.