Business Segments

12 Months Ended

Dec. 31, 2012

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		Exploration
	Year Ended		and			Pipeline
	December 31,		Production			Transmission		Corporate			Total
Revenue		2012	$	11,356,626		$	323,395	$	75.400		$	11,755,421
		2011	$	14,293,883		$	360,358	$	66,992		$	14,721,233
Income (Loss) from operations		2012		(9,065,844	)		172,146		(5,840,252	)		(14,733,950	)
		2011		16,025,801			351,020		(5,606,855	)		10,769,966
Interest expense		2012		5,738,803								5,738,803
		2011		1,679,276			—		—			1,679,276
Depreciation, depletion, amortization and accretion		2012		3,778,242			321					3,778,563
		2011		5,556,435			9,244		—			5,565,679
Property and equipment acquisitions, including oil and gas properties		2012		24,309,374								24,309,374
		2011		13,817,963			—		—			13,817,963
Total assets, net of intercompany accounts:
December 31, 2012				62,408,692			29,769					62,438,461
December 31, 2011				57,994,415			231,202		—			58,255,817