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v2.4.0.6
Business Segments (Tables)
6 Months Ended
Jun. 30, 2012
Business Segments [Abstract]  
Operations in different segments

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