ST. MARYS, W. Va., Nov. 27, 2012 /PRNewswire/ -- Trans Energy, Inc. (OTCQB: TENG), a pure play Marcellus Shale exploration and production company, today announced production results on the Anderson #5H and Anderson #7H in Wetzel County, West Virginia.
30-Day Production Rate Sets New Company Record
Initial 30-day production rates from the Anderson #5H and Anderson #7H averaged 9,637 Mcfe/d and 7,095 Mcfe/d, respectively. The 30-day IP rate from the Anderson #5H represents a 26 percent increase compared to 30-day IP rate from the Dewhurst #111H – previously Trans Energy's best performing well in the Marcellus – and establishes the Anderson #5H well as Trans Energy's best performing horizontal Marcellus well to date.
John G. Corp, President of Trans Energy, said, "Our core acreage position in the Marcellus continues to deliver better than expected results. The Anderson #5H and #7H are two of our best performing wells to date. As we continue to execute our drilling program across our more than 60,000 gross acres in Wetzel, Marshall, Tyler and Marion Counties, we believe that our drilling expertise, combined with the geology across our acreage position, will enable us to continue to deliver impressive results from our upcoming horizontal wells."
The two Anderson horizontal wellbores are parallel to one another and were hydraulically stimulated at the same time. The effective lateral lengths that were hydraulically stimulated in the Anderson #5H and the Anderson #7H were 4,980 feet and 5,470 feet, respectively.
Additional information regarding Trans Energy, including maps, investor presentations, news releases and videos can be found at the Company's new website www.transenergyinc.com. Trans Energy will regularly update information on the website to provide investors with the most up to date information on the Company and its operations.
About Trans Energy, Inc.
Trans Energy, Inc. (OTCQB: TENG) is a pure play Marcellus Shale oil and gas exploration and development company, headquartered in the Appalachian Basin. Further information can be found on the Company's website at www.transenergyinc.com.
Source: Trans Energy, Inc.
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