| Business Summary | | Trans
Energy,
Inc.
is
primarily
engaged
in
the
transportation,
marketing
and
production
of
natural
gas
and
oil,
and
also
conducts
exploration
and
development
activities.
The
Company
owns
an
interest
in
three
oil
and
gas
wells
in
West
Virginia,
owns
and
operates
one
oil
well
in
Wyoming
and
owns
an
interest
in
seven
oil
wells
in
Wyoming
that
it
does
not
operate.
The
Company
also
owns
and
operates
an
aggregate
of
over
100
miles
of
three-inch,
four-inch
and
six-inch
gas
transmission
lines
located
within
West
Virginia,
in
the
Counties
of
Ritchie,
Tyler
and
Pleasants.
This
pipeline
system
gathers
the
natural
gas
produced
from
these
wells
and
from
wells
owned
by
third
parties.
The
Company
also
has
approximately
18,000
acres
under
lease
in
the
Powder
River
Basin
in
Campbell,
Crook
and
Weston
Counties,
Wyoming.
In
2000,
the
Company
participated
in
the
drilling
of
four
drill
downs
to
the
Benson
Sand
in
West
Virginia. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TSRG
is
engaged
in
the
exploration,
development,
production,
transportation
and
marketing
of
natural
gas
and
oil
within
the
Appalachian
Basin.
For
the
three
months
ended
3/31/01,
revenues
increased
57%
to
$294
thousand.
Net
loss
decreased
74%
to
$173
thousand.
Revenues
reflect
higher
gas
sales
and
higher
oil
and
gas
prices.
Lower
loss
also
reflects
a
decrease
in
S/G/A
expenses
due
to
fewer
operating
costs
and
a
lower
interest
expense. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Loren Bagley, 58 | Pres,
CEO | William Woodburn, 59 | VP,
Operations |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|