Business Segments

12 Months Ended

Dec. 31, 2011

Business Segments [Abstract]

BUSINESS SEGMENTS

NOTE 13 - BUSINESS SEGMENTS

Trans Energy’s principal operations consist of oil and gas sales with Trans Energy, 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
	Year Ended		Oil and Gas		Pipeline
	December 31,		Sales		Transmission			Corporate			Total
Revenue		2011	$	14,293,883	$	360,358		$	66,992		$	14,721,233
		2010	$	5,758,075	$	336,463		$	5,415		$	6,099,953
Income (Loss) from operations		2011		16,025,801		351,020			(5,606,851	)		10,769,966
		2010		25,635,280		(266,417	)		(3,893,281	)		21,475,582
Interest expense		2011		1,679,276		—			—			1,679,276
		2010		3,232,226		—			—			3,232,226
Depreciation, depletion, amortization and accretion		2011		5,556,434		9,244			—			5,565,679
		2010		3,075,762		10,769			—			3,086,531
Property and equipment acquisitions, including oil and gas properties		2011		16,395,797		—			—			16,395,797
		2010		19,366,358		—			—			19,366,358
Total assets, net of intercompany accounts:
December 31, 2011				57,994,415		231,202			—			58,225,817
December 31, 2010			$	40,530,099	$	357,479			—		$	40,887,578