News Feed Item

Trans Energy, Inc. Reports Company-Record Well Results In Marion And Marshall Counties, West Virginia

Freeland #2H Confirms High Flow Rates in Marion County

ST. MARYS, W.Va., Jan. 21, 2014 /PRNewswire/ -- Trans Energy, Inc. (OTCQB: TENG), a pure play Marcellus Shale exploration and production company, today announced 30 and 60-Day initial production (IP) results on the Freeland #2H in Marion County, West Virginia. The 30-day IP rate standardized for 1,000 feet of lateral set a new company record, despite being choked back.  Trans Energy further announced 30, 60 and 90-Day IP rates per 1,000 feet of lateral on the Martinez #1H in Marshall County, West Virginia.  This well set a new 30-day company record for standardized production after the first 60 days, despite also being choked back.

John G. Corp, President of Trans Energy, said, "Despite pipeline imposed constraints, the 30-day IP rates standardized for 1,000 feet of lateral once again came in at record levels, this time in Marion County. We believe that these results confirm our expectations that Marion County could exceed the already high rates of return we are seeing in Marshall and Wetzel Counties.  The Freeland #2H may be our best well to date, and the Martinez #1H is arguably our best well yet in Marshall County.  Our continued success demonstrates that we have a both an exceptional acreage position and a top-notch operational team."

30-Day Production Rate Standardized for 1,000 Feet of Lateral in Marion County Sets New Company Record

The 30-day IP rate for the Freeland #2H was 9,182 Mcfe/d and the well has an effective lateral length of 4,182 feet.  After standardizing the flow rate to a 1,000 foot lateral, the initial 30-day production rate from the Freeland #2H was 2,196 Mcfe/d. This standardized production rate for the Freeland #2H set a new company record.

These results occurred in spite of the fact that the well's flow rate was curtailed due to limitations imposed by the meter at the pipeline interconnect. In fact, the average daily rate for the second 30 days of production (days 31-60) on the Freeland #2H was higher than the average of the first 30 days of production. Moreover, when it was choked back further to allow the adjacent Freeland #1H to turn into sales, the well was producing at a 4-day average of 10,241 Mcfe/d, which represents a rate above the average for the first 60 days.

The horizontal wellbore was completed parallel to the Freeland #1H and both wells were hydraulically stimulated using substantially the same technique that the company used in the company's recent completions in Wetzel and Marshall Counties. 

30-Day Standardized Production Rate (Days 61-90) Sets Company Record in Marshall County

The Martinez #1H was also choked back due to constraints imposed at the pipeline interconnect, in this case by the dehydration unit placed on site by the pipeline operator. Despite this limitation, the well has produced approximately 6,096 Mcfe/d over the first 90 days. When standardized to a 1,000 foot lateral length, for each of the first three 30-day periods (days 1-30, 31-60 and 61-90), the Martinez #1H delivered average 30-day IP rates of 1,594 Mcfe/d, 1,587 Mcfe/d and 1,508 Mcfe/d, respectively. The standardized production rate for the Martinez #1H for days 61-90 represents the highest standardized production rate for any of the Company's wells during a comparable period.

The effective lateral length was 3,900 feet and the total 30-day IP rate was 6,217 Mcfe/d. The horizontal wellbore was not completed parallel to any directly adjacent horizontal wellbores, but was hydraulically stimulated using substantially the same technique that the company used in its other recent completions. 

Corp commented, "Despite being choked back, and without the potential benefit from having another well fracked only 500 feet away, this well continues to deliver very strong results. The Martinez #1H set a new company record for standardized production rates beyond 60 days. It further confirms that we can deliver consistently high rates of return across our entire three county acreage position."

The data in the table below demonstrate the 30, 60 and 90-day IP rates for the company's recent completions, as compared to the average of the 30, 60 and 90-day IP rates for previous completions in Marshall and Wetzel Counties. 

Actual IP Rates 


Standardized IP Rates

Avg. Mcfe/d by Days


Avg. Mcfe/d by Days





Length (ft.)





Freeland 2H (a)









Anderson 5H









Doman 1H









Dewhurst 110H









Martinez 1H(c)









Dewhurst 111H









Doman 2H









Anderson 7H









Previous Marshall County Avg.(d)








Doman Pad Site Average








Anderson Pad Site Average








Dewhurst Pad Site Average








(a)Flow rates on the Freeland 2H reflect restricted volumes due to limitations imposed by the meter on the pipeline interconnect. 

(b)The Freeland 2H produced an average of 10,241 Mcfe/day during days 61-64, under restrictions, at which time it was further restricted to approximately 6,000 Mcfe/day to allow the Freeland 1H to begin producing into sales.

(c)Flow rates on the Martinez 1H reflect restricted volumes due to limitations imposed by the dehydration unit on the pad site.

(d)Reflects wells on the Whipkey, Stout, Keaton, Groves, Lucey and Goshorn pads.

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.

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 and 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, 2012 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.

Company contact:
John G. Corp

SOURCE Trans Energy, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining senso...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, discussed how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technologi...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
Most of us already know that adopting new cloud applications can boost a business’s productivity by enabling organizations to be more agile and ready to change course in our fast-moving and connected digital world. But the rapid adoption of cloud apps and services also brings with it profound security threats, including visibility and control challenges that aren’t present in traditional on-premises environments. At the same time, the cloud – because of its interconnected, flexible and adaptable...
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captu...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and...