Trans Energy Completes Drilling Two Horizontal Marcellus Wells In Marshall County, WV
ST. MARYS, W.Va., April 13 /PRNewswire-FirstCall/ -- Trans Energy, Inc. (OTC Bulletin Board: TENG) announced today that it has completed drilling the Whipkey #1H and the Whipkey #2H wells in Marshall County, West Virginia. Both wells were drilled horizontally in the Marcellus shale.
The Company utilized a small drilling rig to complete the drilling of part of the vertical portions of both wells and a second larger rig has now completed the horizontal portions of both wells.
James K. Abcouwer, President and CEO of Trans Energy, said, "We were successful in drilling the horizontal laterals to our targeted lengths in both wells. The Whipkey #2H lateral, at 4,000 feet, is almost twice the length of our Hart #28H lateral. We plan to frac one well in April and the second well in May.
We have to-date successfully drilled and completed four vertical Marcellus wells. We have also successfully drilled and completed one horizontal Marcellus well, the Hart #28H, and now drilled and cased two horizontal wells in Marshall County, WV. Continuing our horizontal development program is another significant step forward for Trans Energy to properly develop its acreage position in northern West Virginia."The Company continues to expand its acreage position centered on Wetzel, Marion, and Marshall Counties in West Virginia, which is in the heart of the most prolific natural gas resource in Appalachia, and one of the greatest in the United States. About Trans Energy, Inc. Trans Energy, Inc. (OTC Bulletin Board: TENG) is an oil and gas exploration and development company in the Appalachian Basin. Further information can be found on the Company's website at www.transenergyinc.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. Forward-looking statements in this document include statements regarding the Company's exploration, drilling and development plans, the Company's expectations regarding the timing and success of such programs. Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company's oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. For a more detailed discussion of the risks and uncertainties of our business, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2009 filed with the Securities and Exchange Commission. We assume no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. SOURCE Trans Energy, Inc.
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