Business Segments

9 Months Ended

Sep. 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 September 30,		Exploration and Production		Pipeline Transmission		Corporate			Total
Revenue		2012 2011	$	783,045 5,224,765	$	98,288 57,745	$	(227,637 31,747	)	$	653,696 5,314,257
Income (loss) from operations		2012 2011		60,758 2,221,739		52,174 55,224		(2,021,728 (1,370,246	)  )		(1,908,796 906,717	)
Interest expense		2012 2011		1,659,934 367,004							1,659,934 367,004
Depreciation, depletion, amortization and accretion		2012 2011		550,679 1,358,162		80 2,516					550,759 1,360,678
Property and equipment acquisitions, including oil and gas properties		2012 2011		2,634,201 1,502,583							2,634,201 1,502,583

	For the Nine Months Ended September 30,		Exploration and Production		Pipeline Transmission		Corporate			Total
Revenue		2012 2011	$	5,692,389 10,477,859	$	285,976 302,788	$	57,561 58,025		$	6,035,926 10,838,672
Income (loss) from operations		2012 2011		66,835 16,433,901		159,047 295,180		(4,487,841 (3,986,802	)  )		(4,261,959 12,742,279	)
Interest expense		2012 2011		3,530,819 1,217,121							3,530,819 1,217,121
Depreciation, depletion, amortization and accretion		2012 2011		2,303,566 3,757,050		241 7,548					2,303,807 3,764,598
Property and equipment acquisitions, including oil and gas properties		2012 2011		16,974,319 13,817,963							16,974,319 13,817,963
Total assets, net of intercompany accounts:
September 30, 2012			$	73,771,338	$	17,642	$			$	73,788,980
December 31, 2011			$	57,994,615	$	231,202	$			$	58,225,817

Property and equipment acquisitions include accrued amounts and reclassifications.