Business Segments

6 Months Ended

Jun. 30, 2012

Business Segments [Abstract]

BUSINESS SEGMENTS

NOTE 10 — BUSINESS SEGMENTS

Trans Energy’s principal operations consist of exploration and production with Trans Energy, American Shale Development, 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 June 30,	Exploration and Production		Pipeline Transmission		Corporate			Total
Revenue	2012 2011	$	2,137,362 3,798,469	$	94,375 85,487	$	232,965 10,360		$	2,464,702 3,894,316
Income (loss) from operations	2012 2011		110 1,110,484		55,354 82,916		(1,343,071 (1,570,695	)  )		(1,287,607 (377,295	)  )
Interest expense	2012 2011		1,432,141 442,923		—   —		—   —			1,432,141 442,923
Depreciation, depletion, amortization and accretion	2012 2011		741,969 1,847,662		81 2,516		—   —			742,050 1,850,178
Property and equipment acquisitions, including oil and gas properties	2012 2011		13,266,501 5,125,815		—   —		—   —			13,266,501 5,125,815

	For the Six Months Ended June 30,	Exploration and Production		Pipeline Transmission		Corporate			Total
Revenue	2012 2011	$	4,909,344 5,253,094	$	187,688 245,043	$	285,198 26,278		$	5,382,230 5,524,415
Income (loss) from operations	2012 2011		243,577 14,212,162		106,873 239,956		(2,703,613 (2,616,556	)  )		(2,353,163 11,835,562	)
Interest expense	2012 2011		1,870,855 850,117		—   —		—   —			1,870,855 850,117
Depreciation, depletion, amortization and accretion	2012 2011		1,752,887 2,398,888		161 5,032		—   —			1,753,048 2,403,920
Property and equipment acquisitions, including oil and gas properties	2012 2011		14,340,118 12,315,380		—   —		—   —			14,340,118 12,315,380
Total assets, net of intercompany accounts:
June 30, 2012		$	76,980,229	$	37,878	$	—		$	77,018,107
December 31, 2011		$	57,994,415	$	231,202	$	—		$	58,225,817

Property and equipment acquisitions include accrued amounts and reclassifications.