Exhibit 99.1



LOGO

March 7, 2011

Trans Energy, Inc.

210 Second St.

St. Marys, WV 26170

Attention: Mr. John Corp



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|-------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|SUBJECT: |  | Evaluation of Oil and Gas Reserves To the Interests of Trans Energy, Inc. In Certain Properties Located in West Virginia
Pursuant to the Requirements of the Securities
and Exchange Commission Effective January 1, 2011 Job 10.1228

At the request of Trans Energy, Inc. (Trans Energy), Wright & Company, Inc. (Wright) has
performed an evaluation to estimate proved reserves and associated cash flow and economics from certain properties to the subject interests. This evaluation was authorized by Mr. John Corp of Trans Energy. Projections of the reserves and cash
flow to the evaluated interests were based on specified economic parameters, operating conditions, and government regulations considered applicable at the effective date. This reserves evaluation is pursuant to the financial reporting requirements
of the Securities and Exchange Commission (SEC) as specified in Regulation S-X, Rule 4-10(a) and Regulation S-K, Rule 1202(a)(8). It is the understanding of Wright that the purpose of this evaluation is for inclusion in relevant registration
statements or other filings to the SEC. The effective date of this report is January 1, 2011. The report was completed March 7, 2011. The following is a summary of the results of the evaluation.



|                                        |  |                  |            |  |              |  |       |           |  |  |                   |  |  |  |            | 
|--------------------------------------- |  | ---------------- | ---------- |  | ------------ |  | ----- | --------- |  |  | ----------------- |  |  |  | ---------- | 
|                                        |  | Proved Developed |            |  | Total Proved | 
|                                        |  |                  |            |  | Nonproducing |  |       | Developed | 
|Trans Energy, Inc. SEC Parameters       |  | Producing(PDP)   |            |  | (PDNP)       |  |       | (PDBP)    |  |  | (PDP, PDNP& PDBP) | 
|                                        |  |                  |            | 
|Net Reserves to the Evaluated Interests |  |                  |            |  |              |  |       |           |  |  |                   |  |  |  |            | 
|Oil, Mbbl:                              |  |                  | 148.567    |  |              |  | 0.000 |           |  |  | 35.175            |  |  |  | 183.742    | 
|Gas, MMcf:                              |  |                  | 7,795.931  |  |              |  | 0.000 |           |  |  | 4,995.711         |  |  |  | 12,791.642 | 
|NGL, Mbbl:                              |  |                  | 0.000      |  |              |  | 0.000 |           |  |  | 189.027           |  |  |  | 189.027    | 
|Gas Equivalent, MMcfe (1 bbl = 6 Mcfe)  |  |                  | 8,687.333  |  |              |  | 0.000 |           |  |  | 6,340.923         |  |  |  | 15,028.256 | 
|                                        |  |                  |            | 
|Cash Flow (BTAX), M$                    |  |                  |            |  |              |  |       |           |  |  |                   |  |  |  |            | 
|Undiscounted:                           |  |                  | 32,796.652 |  |              |  | 0.000 |           |  |  | 23,941.688        |  |  |  | 56,738.344 | 
|Discounted at 10% Per Annum:            |  |                  | 16,335.402 |  |              |  | 0.000 |           |  |  | 10,652.402        |  |  |  | 26,987.805 | 

It should be noted that some minor differences between the total summaries may exist due to rounding techniques in the
ARIES software program.





Twelve Cadillac Drive  Suite 260

Brentwood, Tennessee 37027

(615) 370-0755       Fax (615) 370-0756

mail@wrightandcompany.com



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Mr. John Corp

Trans Energy, Inc.

March 7, 2011

Page 2



The properties evaluated in this report are located in the state of West Virginia.
According to Trans Energy, the total proved reserves included in this evaluation represent 100 percent of the reported total reserves of Trans Energy.

Proved oil and gas reserves are those quantities of oil and gas which can be estimated with reasonable certainty to be economically producible under existing economic conditions, operating methods, and
government regulations. As specified by the SEC regulations, when calculating economic producibility, the base product price must be the 12-month average price, calculated as the unweighted arithmetic average of the first-day-of-the-month price for
each month within the prior 12-month period. The benchmark base prices used for this evaluation were $4.563 per Million British thermal units (MMBtu) for natural gas at Dominion South Point, Appalachia, $70.60 per barrel for Ergon West Virginia Tier
2 oil, and $51.55 per barrel for Natural Gas Liquids (NGL) at Ergon Appalachia Light Sweet. Trans Energy represented that certain volumes of gas were subject to locked-in contracts. The locked-in contract prices and volumes provided by Trans Energy
were used to calculate a weighted average gas price during the term of the contracts. These base prices were adjusted for energy content, quality, and basis differential, as appropriate. The average adjusted product prices used to estimate proved
reserves are $5.294 per Mcf of gas, $70.60 per barrel of oil, and $51.55 per barrel of NGL. All product prices were held constant for the life of the properties.

Oil and other liquid hydrocarbons are expressed in thousands of United States (U.S.) barrels (Mbbl), one barrel equaling 42 U.S. gallons. Gas volumes are expressed in millions of standard cubic feet
(MMcf) at 60 degrees Fahrenheit and at the legal pressure base that prevails in the state in which the reserves are located. No adjustment of the individual gas volumes to a common pressure base has been made.

Net income to the evaluated interests is the cash flow after consideration of royalty revenue payable to others, standard state and
county taxes, operating expenses, and investments as applicable. The cash flow is before federal income tax (BTAX) and excludes consideration of any encumbrances against the properties if such exist. The cash flow (BTAX) was discounted at an annual
rate of 10.00 percent (PCT) in accordance with the reporting requirements of the SEC.

The estimates of reserves contained in
this report were determined by acceptable industry methods. The procedures used in this evaluation are appropriate for the purpose served by the report. Where sufficient production history and other data were available, reserves for producing
properties were determined by extrapolation of historical production or sales trends. Analogy to similar producing properties was used for development projects and for those properties that lacked sufficient production history to yield a definitive
estimate of reserves. When appropriate, Wright may have also utilized volumetric calculations and log correlations in the determination of estimated ultimate recovery (EUR). These calculations are often based upon limited log and/or core analysis
data and incomplete formation fluid and rock data. Since these limited data must frequently be extrapolated over an assumed drainage area, subsequent production performance trends or material balance calculations may cause the need for significant
revisions to the estimates of reserves. Wright has used all methods and procedures as it considered necessary under the circumstances to prepare this report.

Oil and gas reserves were evaluated for the proved developed producing (PDP), proved developed nonproducing (PDNP), and proved developed behind pipe (PDBP) reserves categories. The summary classification
of total proved developed reserves combines the PDP, PDNP and



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Mr. John Corp

Trans Energy, Inc.

March 7, 2011

Page 3



PDBP categories. In preparing this evaluation, no attempt has been made to quantify the element of uncertainty associated with any category. Reserves were assigned to each category as warranted.
Wright is not aware of any local, state, or federal regulations that would preclude Trans Energy from continuing to produce from currently active wells or to fully develop those properties included in this report.

There are significant uncertainties inherent in estimating reserves, future rates of production, and the timing and amount of future
costs. The estimation of oil and gas reserves must be recognized as a subjective process that cannot be measured in an exact way, and estimates of others might differ materially from those of Wright. The accuracy of any reserves estimate is a
function of the quantity and quality of available data and of subjective interpretations and judgments. It should be emphasized that production data subsequent to the date of these estimates or changes in the analogous properties may warrant
revisions of such estimates. Accordingly, reserves estimates are often different from the quantities of oil and gas that are ultimately recovered.

All data utilized in the preparation of this report were provided by Trans Energy. No inspection of the properties was made as this was not considered to be within the scope of this evaluation. Wright has
not independently verified the accuracy and completeness of information and data furnished by Trans Energy with respect to ownership interests, oil and gas production or sales, historical costs of operation and development, product prices, or
agreements relating to current and future operations and sales of production. Wright requested and received detailed information allowing Wright to check and confirm any calculations provided by Trans Energy with regard to product pricing,
appropriate adjustments, lease operating expenses, and capital investments for completion of the behind pipe zones. Furthermore, if in the course of Wrights examination something came to our attention that brought into question the validity or
sufficiency of any information or data, Wright did not rely on such information or data until we had satisfactorily resolved our questions relating thereto or independently verified such information or data. In accordance with the requirements of
the SEC, all operating costs were held constant for the life of the properties.

It should be noted that neither salvage
values nor abandonment costs were included in the economic parameters in accordance with the instructions of Trans Energy. It was assumed that any salvage value would be directly offset by the cost to abandon the property. Wright has not performed a
detailed study of the abandonment costs or the salvage values and offers no opinion as to Trans Energys assumptions.

Wright is not aware of any potential environmental liabilities that may exist concerning the properties evaluated. There are no costs
included in this evaluation for potential property restoration, liability, or clean up of damages, if any, that may be necessary due to past or future operating practices.

Wright is an independent petroleum consulting firm founded in 1988 and owns no interests in the oil and gas properties covered by this report. No employee, officer, or director of Wright is an employee,
officer, or director of Trans Energy, nor does Wright or any of its employees have direct financial interest in Trans Energy. Neither the employment of nor the compensation received by Wright is contingent upon the values assigned or the opinions
rendered regarding the properties covered by this report.



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Mr. John Corp

Trans Energy, Inc.

March 7, 2011

Page 4



This report is prepared for the information of Trans Energy, its shareholders, and for
the information and assistance of its independent public accountants in connection with their review of and report upon the financial statements of Trans Energy and for reporting disclosures as required by the SEC. This report is also intended for
public disclosure as an exhibit in filings made to the SEC by Trans Energy.

Based on data and information provided by Trans
Energy, and the specified economic parameters, operating conditions, and government regulations considered applicable at the effective date, it is Wrights conclusion that this report provides a fair and accurate representation of the oil and
gas reserves to the interests of Trans Energy in those certain properties included in this report.

The professional
qualifications of the petroleum consultants responsible for the evaluation of the reserves and economics information presented in this report meet the standards of Reserves Estimator as defined in the Standards Pertaining to the Estimating and
Auditing of Oil and Gas Reserves Information as promulgated by the Society of Petroleum Engineers.

It has been a pleasure
to serve you by preparing this evaluation. All related data will be retained in our files and are available for your review.



Very truly yours,Wright & Company, Inc.By:

LOGOD. Randall WrightPresident


DRW/RS/RDP/cmf/ts



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Professional Qualifications

D. Randall Wright

President

I, D. Randall Wright, am the primary technical person in charge of the
estimates of reserves and associated cash flow and economics on behalf of Wright & Company, Inc. (Wright) for the results presented in this report to Trans Energy, Inc. I have a Master of Science degree in Mechanical Engineering from
Tennessee Technological University.

I am a qualified Reserves Estimator as set forth in the Standards Pertaining to the Estimating
and Auditing of Oil and Gas Reserves Information promulgated by the Society of Petroleum Engineers. This qualification is based on more than 37 years of practical experience in the estimation and evaluation of petroleum reserves with
Texaco, Inc., First City National Bank of Houston, Sipes, Williamson & Associates, Inc., Williamson Petroleum Consultants, Inc., and Wright which I founded in 1988.

I am a registered Professional Engineer in the state of Texas (TBPE #43291), granted in 1978, a member of the Society of Petroleum Engineers (SPE) and a member of the Order of the Engineer.



LOGOD. Randall Wright, P.E.




LOGO