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Business Segments
9 Months Ended
Sep. 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 Ended
September 30		   Exploration
and Production		     Pipeline
Transmission		     Corporate     Total  

Revenue

   2011   $ 5,224,765     $ 57,745     $ 31,747     $ 5,314,257  
    2010     1,966,747       59,147       7,342       2,033,236  

Income (loss) from operations

   2011     2,221,739       55,224       (1,370,246 )      906,717  
    2010     25,497,033       (59,207 )      (1,251,365 )      24,186,461  

Interest Expense

   2011     367,004       —         —         367,004  
    2010     182,259       —         —         182,259  

Depreciation, depletion, amortization and accretion

   2011     1,358,162       2,516               1,360,678  
  2010     780,434       2,709       —         783,143  

Property and equipment acquisitions, including oil and gas properties

   2011     1,502,583       —         —         1,502,583  
  2010     4,146,239       —         —         4,146,239  

 

                                     
    For the Nine
Months Ended
September 30		   Exploration
and Production		     Pipeline
Transmission		     Corporate     Total  

Revenue

   2011     10,477,859       302,788       58,025       10,838,672  
    2010     4,338,966       241,013       63,327       4,643,306  

Income (loss) from operations

   2011     16,433,901       295,180       (3,986,802 )      12,742,279  
    2010     25,854,400       (200,384 )      (2,458,078 )      3,195,938  

Interest Expense

   2011     1,217,121       —         —         1,217,121  
    2010     1,551,237       —         —         1,551,237  

Depreciation, depletion, amortization and accretion

   2011     3,757,050       7,548       —         3,764,598  
    2010     1,918,738       8,125       —         1,926,863  

Property and equipment acquisitions, including oil and gas properties

   2011     13,817,963       —         —         13,817,963  
  2010     9,857,569       —         —         9,857,569  

Total assets, net of intercompany accounts:

                                    

September 30, 2011

         55,274,645       417,890       —         55,692,535  

December 31, 2010

         40,530,099       357,479       —         40,887,578  

Property and equipment acquisitions include accrued amounts and reclassifications.