Trans Energy has expanded its joint venture in the Marcellus Shale with Republic Energy Ventures into Marion and Tyler counties in West Virginia, building upon its operating areas in nearby Wetzel and Marshall counties.

摘要

As part of this expansion, the company sold Republic a 50% interest in approximately 5,000 net acres in Marion County and approximately 2,600 net acres in Tyler County and a small overriding royalty position on over 6,000 net acres in Wetzel County for cash proceeds of $23,500,000 and drilling credits of $3,500,000.