Associated Press - December 29, 2008 2:43 PM ET
ST. MARYS, W.Va. (AP) - Oil and natural gas producer Trans Energy says it's completed its third Marcellus Shale well.
The St. Marys-based company said Monday the Wetzel County well was completed Dec. 16 and connected to a pipeline four days later.
Chief Executive James Abcouwer says the well's performance indicates positive results from two earlier wells can be replicated throughout the company's West Virginia holdings.
The 6,000-foot-thick Marcellus Shale is believed to hold 50 trillion cubic feet of recoverable natural gas from upstate New York, across Pennsylvania into eastern Ohio and most of West Virginia.
Trans Energy has 271 oil and gas wells and approximately 26,000 acres under lease in Wetzel, Marion, Marshall and Doddridge counties and holds interests in oil and gas leases in Kansas.