Trans Energy Announces Production Results on Keaton #1H
Trans Energy, Inc. announced Thursday that the first 30 days of production from its Keaton #1H horizontal Marcellus well in Marshall County, West Virginia, averaged 5,674 Mcfe per day and the rate of production on the 30th day was 5,074 Mcfe on a 20.5/64 choke.
The Company also announced that it has completed a 12 stage hydraulic fracture stimulation of the Lucey #1H horizontal Marcellus well in Marshall County, West Virginia and is awaiting a pipeline connection and it is estimated that the Lucey #1H will be turned into a sales line around June 30.
John G. Corp, President of Trans Energy, said, "We continue to develop our acreage position in the Marcellus shale. We have been pleased with our initial success and our thirty day initial production results speak for themselves. We continue to learn more about the Marcellus as we drill and complete more wells and hopefully that translates into better wells in the future."
Trans Energy, Inc. is an oil and gas exploration and development company in the Appalachian Basin.