Trans Energy Sells Off Holdings in Tyler County, WV – Who Bought?
Yesterday Trans Energy, a pure play driller focused on the Marcellus Shale (in West Virginia) announced they’re selling off their holdings in Tyler County, WV so they can concentrate on their holdings and drilling operations in Marshall, Wetzel and Marion counties instead. The deal is for 1,163 acres, two well pad sites and one uncompleted Marcellus Shale well. Trans Energy is getting $11.2 million for the transaction.
The announcement from Trans Energy does not identify who is doing the buying, but MDN has what we consider a pretty solid guess…
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A flash fire at a "pig receiving station" along a Eureka Hunter pipeline near Wick (Tyler County), WV last Thursday evening seriously injured three people requiring they be airlifted to Pittsburgh. A fourth person was taken to a local hospital. Sadly, one of the seriously injured workers, 56-year-old Bruce Phipps of Marietta, Ohio, died late Friday night. Pipeline Inspection Gauges (or Pigs) are used for pipeline cleaning, inspection and maintenance, and fluid batching in pipelines. A pig is pushed along the inside of a pipeline by the flow of liquid or gas. A pig launching station is used to insert the pig into a pipeline using a series of valves and hatches. The pig is pushed through the pipeline by the liquid or gas stream to the pig receiving station.