Business Segments

6 Months Ended

Jun. 30, 2012

Business Segments [Abstract]

BUSINESS SEGMENTS

NOTE 11 — 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	$	2,137,362	$	94,375	$	232,965		$	2,464,702
		2011		3,798,469		85,487		10,360			3,894,316
Income (loss) from operations		2012		110		55,354		(1,343,071	)		(1,287,607	)
		2011		1,110,484		82,916		(1,570,695	)		(377,295	)
Interest expense		2012		1,432,141		—		—			1,432,141
		2011		442,923		—		—			442,923
Depreciation, depletion, amortization and accretion		2012		741,969		81		—			742,050
		2011		1,847,662		2,516		—			1,850,178
Property and equipment acquisitions, including oil and gas properties		2012		13,266,501		—		—			13,266,501
		2011		5,125,815		—		—			5,125,815

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