The company is currently drilling out the frac plugs and will then run production tubing in the well.
Trans Energy has also completed the sale of 2,950 net acres in its operating areas to its joint development partner, Republic Energy Ventures, for about $14m.
The company used $5m to pay down its existing senior bank indebtedness and the balance for working capital.
Trans Energy president John Corp said that the company continues to develop its acreage position in the Marcellus shale and looks forward to starting its 2011 drilling program.
