Business Segments

3 Months Ended

Mar. 31, 2013

Business Segments [Abstract]

BUSINESS SEGMENTS

NOTE 10 — BUSINESS SEGMENTS

Trans Energy’s principal operations consist of exploration and production with Trans Energy 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 March 31		Exploration and Production		Pipeline Transmission		Corporate			Total
Revenue		2013	$	3,573,883	$	35,443	$	—		$	3,609,326
		2012		2,771,982		93,313		52,233			2,917,528
Income (Loss) from operations		2013		607,258		32,554		(1,558,700	)		(918,888	)
		2012		5,967		51,519		(1,123,042	)		(1,065,556	)
Interest expense		2013		1,897,900		—		4,846			1,902,746
		2012		438,744		—		—			438,744
Depreciation, depletion, amortization and accretion		2013		639,395		54		—			639,449
		2012		1,010,918		80		—			1,010,998
Property and equipment acquisitions, including oil and gas properties		2013		13,377,891		—		5,281			13,383,172
		2012		1,073,617		—		—			1,073,617
Total assets, net of intercompany accounts:
March 31, 2013				85,093,588		8,147					85,101,735
December 31, 2012				62,408,692		29,769					62,438,461

Property and equipment acquisitions include accrued amounts and reclassifications.