UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           FORM 10-QSB

[X]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
               THE SECURITIES EXCHANGE ACT OF 1934

               For the Quarter Ended June 30, 2000

                                OR

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934

   For the transition period from             to

                 Commission File Number  0-23530

                        TRANS ENERGY, INC.
(Exact name of small business issuer as specified in its charter)

            Nevada                              93-0997412
     (State or other jurisdiction of         (I.R.S. Employer
      incorporation or organization)         Identification No.)

 210 Second Street, P.O. Box 393, St. Marys, West Virginia  26170
             (Address of principal executive offices)

Registrant's telephone no., including area code:  (304)  684-7053

     Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the past 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes   X   No

               APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date.

                    Class                   Outstanding as of June 30, 2000
Common Stock, $.001 par value                         33,700,568


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                        TABLE OF CONTENTS

Heading                                                                Page
                  PART I.  FINANCIAL INFORMATION

Item 1.   Financial Statements . . . . . . . . . . . . . . . . . .       3

          Consolidated Balance Sheets -- June 30, 2000
            and December 31, 1999. . . . . . . . . . . . . . . . .       4

          Consolidated Statements of Operations --
            three and six months ended June 30, 2000
            and 1999 . . . . . . . . . . . . . . . . . . . . . . .       6

          Consolidated Statements of Stockholders'
            Equity (Deficit) . . . . . . . . . . . . . . . . . . .       7

          Consolidated Statements of Cash Flows --
            three and six months ended June 30, 2000
            and 1999 . . . . . . . . . . . . . . . . . . . . . . .       9

          Notes to Consolidated Financial Statements . . . . . . .      11

Item 2.   Management's Discussion and Analysis and
          Results of Operations. . . . . . . . . . . . . . . . . .      12

                    PART II. OTHER INFORMATION

Item 1.   Legal Proceedings. . . . . . . . . . . . . . . . . . . .      15

Item 2.   Changes In Securities and Use of Proceeds. . . . . . . .      16

Item 3.   Defaults Upon Senior Securities. . . . . . . . . . . . .      16

Item 4.   Submission of Matters to a Vote of
          Securities Holders . . . . . . . . . . . . . . . . . . .      16

Item 5.   Other Information. . . . . . . . . . . . . . . . . . . .      18

Item 6.   Exhibits and Reports on Form 8-K . . . . . . . . . . . .      18

          SIGNATURES . . . . . . . . . . . . . . . . . . . . . . .      19


<PAGE>
                              PART I

Item 1.   Financial Statements

     The following unaudited Consolidated Financial Statements for
the period ended June 30, 2000 and December 31, 1999, have been
prepared by the Company.











                        TRANS ENERGY, INC.

                CONSOLIDATED FINANCIAL STATEMENTS

               June 30, 2000 and December 31, 1999











<PAGE>

               TRANS ENERGY, INC. AND SUBSIDIARIES
                   Consolidated Balance Sheets

                              ASSETS

                                                   June 30,        December 31,
                                                     2000               1999
                                                  (Unaudited)
CURRENT ASSETS

  Cash                                            $     1,425      $    13,477
  Accounts receivable, net                            130,903          127,154

     Total Current Assets                             132,328          140,631

PROPERTY AND EQUIPMENT

  Vehicles                                             94,589           94,589
  Machinery and equipment                              10,092           10,092
  Pipelines                                         2,254,908        2,254,908
  Well equipment                                       49,155           49,155
  Wells                                             3,704,389        3,704,389
  Leasehold acreage                                   180,000          180,000
  Accumulated depreciation                         (1,563,853)      (1,408,486)

     Total Fixed Assets                             4,729,280        4,884,647

OTHER ASSETS

  Restricted cash                                     126,390          262,089
  Deposits                                              1,508            3,792

     Total Other Assets                               127,898          265,881

     TOTAL ASSETS                                 $ 4,989,506      $ 5,291,159


<PAGE>
               TRANS ENERGY, INC. AND SUBSIDIARIES
             Consolidated Balance Sheets (Continued)

          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

                                                   June 30,         December 31,
                                                     2000               1999
                                                  (Unaudited)
CURRENT LIABILITIES

 Accounts payable - trade                         $ 1,306,712      $ 1,181,945
 Accrued expenses                                   2,336,304        1,182,754
 Salaries payable                                     388,862          412,262
 Notes payable - current portion                    1,274,292        1,228,566
 Related party payables                               231,702          161,470
 Debentures payable                                 2,341,550        5,090,496

  Total Current Liabilities                         7,879,422        9,257,493

NET LIABILITIES IN EXCESS OF THE ASSETS OF
 DISCONTINUED OPERATIONS                              104,911          104,911

LONG-TERM LIABILITIES

 Notes payable                                        525,380          559,190

  Total Long-Term Liabilities                         525,380          559,190

  Total Liabilities                                 8,509,713        9,921,594

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT)

 Common stock; 100,000,000 shares authorized at
  $0.001 par value; 33,700,568 and 7,107,746
  shares issued and outstanding, respectively          33,700            7,107
 Capital in excess of par value                    17,641,104       15,250,242
 Accumulated deficit                              (21,195,011)     (19,887,784)

  Total Stockholders' Equity (Deficit)             (3,520,207)      (4,630,435)

  TOTAL LIABILITIES AND STOCKHOLDERS'
   EQUITY (DEFICIT)                               $ 4,989,506      $ 5,291,159




<PAGE>
                    TRANS ENERGY, INC. AND SUBSIDIARIES
                   Consolidated Statements of Operations
                               (Unaudited)

                                       For the                  For the
                                   Six Months Ended         Three Months Ended
                                       June 30,                 June 30,
                                   2000        1999         2000        1999

REVENUES                      $   543,974  $   561,927  $  356,267  $   295,067

COSTS AND EXPENSES

  Cost of oil and gas             335,319      335,006     230,619      151,869
  Salaries and wages               44,078       46,414      22,886       20,617
  Depreciation, depletion and
   amortization                   155,367    1,035,635      77,684      178,420
  Selling, general and
   administrative               1,086,967      356,705     570,004      127,900

     Total Costs and Expenses   1,621,731    1,773,760     901,193      478,802

LOSS FROM OPERATIONS           (1,077,757)  (1,211,833)   (544,926)    (183,735)

OTHER INCOME (EXPENSE)

  Loss on valuation of assets        -      (2,442,961)       -      (2,442,961)
  Other income                      4,453         -          1,781         -
  Interest expense               (233,923)    (534,764)    (99,295)    (270,036)

    Total Other Income (Expense) (229,470)  (2,977,725)    (97,514)  (2,712,997)

LOSS FROM CONTINUING OPERATIONS
 BEFORE INCOME TAXES AND MINORITY
 INTERESTS                     (1,307,227)  (4,189,558)   (642,440)  (2,896,732)

INCOME TAXES                         -            -           -            -

MINORITY INTERESTS                   -            -           -            -

NET LOSS                      $(1,307,227) $(4,189,558) $ (642,440) $(2,896,732)

BASIC LOSS PER SHARE          $     (0.07) $     (3.08) $    (0.03) $     (2.08)



<PAGE>
                TRANS ENERGY, INC. AND SUBSIDIARIES
     Consolidated Statements of Stockholders' Equity (Deficit)

                                                      Capital in
                                      Common Shares    Excess of    Accumulated
                                    Shares    Amount   Par Value      Deficit

Balance, December 31, 1997        1,415,808  $ 1,415  $10,751,227  $ (8,740,161)

Contribution of capital by
 shareholders                          -        -         208,210          -

Common stock issued for services
 at $1.45 per share                 248,812      249      360,501          -

Common stock issued for debt
 conversion at $1.65 per share       36,364       36       59,964          -

Common stock issued for prepaid
 closing fees at $3.27 per share    473,833      474    1,548,427          -

Contributed capital from discount on
 debentures                            -        -       1,445,480          -

Net loss for the year ended
 December 31, 1998                     -        -            -       (4,849,290)

Balance, December 31, 1998        2,174,817    2,174   14,373,809   (13,589,451)

Common stock issued for services
 at $0.59 per share                 440,000      440      259,560          -

Common stock issued for services
 and conversion of debt to equity at
 $0.98 per share                     94,000       94       92,106          -

Common stock issued for conversion
 of debentures, penalty and interest
 at $0.12 per share               4,398,929    4,399      524,767          -

Net loss for the year ended
 December 31, 1999                     -        -            -       (6,298,333)

Balance, December 31, 1999        7,107,746  $ 7,107  $15,250,242  $(19,887,784)



<PAGE>
                TRANS ENERGY, INC. AND SUBSIDIARIES
Consolidated Statements of Stockholders' Equity (Deficit) (Continued)


                                                      Capital in
                                       Common Shares   Excess of   Accumulated
                                      Shares   Amount  Par Value     Deficit

Balance, December 31, 1999           7,107,746 $ 7,107 $15,250,242 $(19,887,784)

Common stock issued for conversion
 of debentures, penalty and interest
 at $0.10 per share (unaudited)     21,940,439  21,941   2,028,539         -

Common stock issued for services at
 $0.07 per share (unaudited)         3,372,383   3,372     221,903         -

Common stock issued for services at
 $0.11 per share (unaudited)           150,000     150      16,800         -

Common stock issued for services at
 $0.11 per share (unaudited)         1,100,000   1,100     119,900         -

Common stock issued for debt at
 $0.13 per share (unaudited)            30,000      30       3,720         -

Net loss for the six months ended
 June 30, 2000 (unaudited)                -       -           -      (1,307,227)

Balance, June 30, 2000 (unaudited)  33,700,568 $33,700 $17,641,104 $(21,195,011)




<PAGE>

                    TRANS ENERGY, INC. AND SUBSIDIARIES
                   Consolidated Statements of Cash Flows
                               (Unaudited)

                                        For the                 For the
                                   Six Months Ended        Three Months Ended
                                       June 30,                 June 30,
                                   2000         1999       2000         1999

CASH FLOWS FROM OPERATING ACTIVITIES:

 Net loss                      $(1,307,227) $(4,189,558) $(642,440) $(2,896,732)
 Adjustments to reconcile net
  loss to net cash
   (used) by operating activities:
    Depreciation, depletion and
     amortization                  155,367    1,035,635     77,684      173,547
    Common stock issued
     for services                  363,225      200,000    121,000         -
  Loss on valuation of assets         -       2,442,961       -       2,442,961
 Changes in operating assets
  and liabilities:
   Decrease (increase) in
    accounts receivable             (3,749)      (5,410)   (41,007)     (31,747)
   (Increase) decrease in
    restricted cash                135,699         -        22,371         -
   Decrease (increase) in prepaid
    and other current assets         2,284         -        11,426         -
  Increase in accounts payable
   and accrued expenses            560,201      314,098    364,155       78,227
  Increase (decrease) in cash
   overdraft                          -            -       (15,988)        -

    Net Cash (Used) by Operating
     Activities                    (94,200)    (202,274)  (102,799)    (233,744)

CASH FLOWS FROM INVESTING ACTIVITIES:

   Expenditures for property
    and equipment                     -            (327)      -            -

    Net Cash Provided (Used) by
     Investing Activities             -            (327)      -            -

CASH FLOWS FROM FINANCING ACTIVITIES:

 Borrowings of long-term debt -
  related party                    115,958        -        115,958         -
 Borrowings of long-term debt         -        245,090        -         245,090
 Principal payments on notes
  payable                          (22,308)    (42,489)       (232)     (11,346)
 Principal payments on notes
  payable - related party          (11,502)       -        (11,502)        -

   Net Cash Provided by
    Financing Activities            82,148     202,601     104,224      233,744

NET INCREASE (DECREASE) IN CASH    (12,052)       -          1,425         -

CASH AND CASH EQUIVALENTS,
 BEGINNING OF PERIOD                13,477        -           -            -

CASH AND CASH EQUIVALENTS,
 END OF PERIOD                 $     1,425 $      -     $    1,425  $      -



<PAGE>

                   TRANS ENERGY, INC. AND SUBSIDIARIES
             Consolidated Statements of Cash Flows (Continued)
                               (Unaudited)

                                         For the                For the
                                     Six Months Ended      Three Months Ended
                                          June 30,              June 30,
                                      2000       1999        2000       1999

CASH PAID FOR:

  Interest                       $    84,831  $  64,885  $    38,434  $  8,547
  Income taxes                   $      -     $    -     $      -     $   -

NON-CASH FINANCING ACTIVITIES:

  Common stock issued for debt   $ 2,748,946  $ 135,000  $ 1,367,167  $ 67,500
  Common stock issued
   for services                  $   363,225  $ 200,000  $   121,000  $   -




<PAGE>

              TRANS ENERGY, INC. AND SUBSIDIARIES
         Notes to the Consolidated Financial Statements
               June 30, 2000 and December 31, 1999

NOTE 1 - CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

       The accompanying consolidated financial statements have
       been prepared by the Company without audit.  In the opinion
       of management, all adjustments (which include only normal
       recurring adjustments) necessary to present fairly the
       financial position, result of operations and cash flows at
       June 30, 2000 and for all periods presented have been made.

       Certain information and footnote disclosures normally
       included in consolidated financial statements prepared in
       accordance with generally accepted accounting principles
       have been condensed or omitted.  It is suggested that these
       condensed consolidated financial statements be read in
       conjunction with the financial statements and notes thereto
       included in the Company's December 31, 1999 audited
       consolidated financial statements.  The results of
       operations for the periods ended June 30, 2000 and 1999 are
       not necessarily indicative of the operating results for the
       full years.

NOTE 2 - GOING CONCERN

       The Company's consolidated financial statements are
       prepared using generally accepted accounting principles
       applicable to a going concern which contemplates the
       realization of assets and liquidation of liabilities in the
       normal course of business.  The Company has incurred
       cumulative operating losses through June 30, 2000, and has
       a working capital deficit at June 30, 2000.  Revenues have
       not been sufficient to cover its operating costs and to
       allow it to continue as a going concern.  The potential
       proceeds from the sale of common stock, other contemplated
       debt and equity financing, and increases in operating
       revenues from new development would enable the Company to
       continue as a going concern.  There can be no assurance
       that the Company can or will be able to complete any debt
       or equity financing.  If these are not successful,
       management is committed to meeting the operational cash
       flow needs of the Company.

NOTE 3 - SUBSEQUENT EVENTS

       During July 2000, the Company entered into an agreement to
       purchase 51% of the outstanding common stock of Oil and
       Gas, Inc. from its principle shareholder James Laughlin
       (Laughlin) in exchange for 300 shares of its previously
       authorized, but unissued, $1,000 par value preferred Series
       One stock.  The preferred stock is convertible into common
       stock at a 20% discount to market on the date of
       conversion, on or after August 1, 2001.  Laughlin shall
       also receive interest calculated as the New York Prime
       interest rate plus one percent (1%) on $300,000, the book
       value of the preferred stock, payable in the Company's
       common stock at a discount of 20% to market and 100,000
       warrants to purchase the Company's common stock exercisable
       at a strike price of $0.10 per warrant.

       During July 2000, the Company increased its authorized
       shares of common stock from 30,000,000 to 100,000,000.


<PAGE>

Item 2.  Management's Discussion and Analysis or Plan
         of Operations

    The following table sets forth the percentage relationship to
total revenues of principal items contained in the Company's
Consolidated Statements of Operations for the three and six month
periods ended June 30, 2000 and 1999.  It should be noted that
percentages discussed throughout this analysis are stated on an
approximate basis.

                                     Three Months Ended     Six Months Ended
                                          June 30,              June 30,
                                     2000          1999     2000        1999
                                         (Unaudited)           (Unaudited)

Total revenues . . . . . . . . . .   100%          100%     100%         100%
Total costs and expenses . . . . .   253           162      298          316
Loss from operations . . . . . . .  (153)          (62)    (198)        (216)
Other income (expense) . . . . . .   (27)         (919)     (42)        (530)
Net loss . . . . . . . . . . . . .  (180)         (981)    (240)        (746)

    Total revenues for the three months ("second quarter") ended
June 30, 2000 increased 21% when compared with the second quarter
of 1999.  For the six months ("first half") ended June 30, 2000,
total revenues decreased 3% when compared with the first half of
1999.  This increase in revenues for the second quarter is
primarily attributed to higher oil and gas prices, while the
decrease for the first half is attributed to the Company's sale of
certain wells.  Total costs and expenses as a percentage of total
revenues increased from 162% in the second quarter of 1999 to 253%
for the second quarter of 2000, and actual costs and expenses
increased 88% during the same period.  This increase is attributed
to the 52% increase in cost of oil and gas due to higher production
costs, and the 346% increase in selling, general and administrative
expenses, primarily due to common stock issued for services.  The
increase in total costs and expenses was partially offset by the
56% decrease in depreciation and amortization expenses due to the
sale of certain wells.

    The Company's net loss for the second quarter and first half
of 2000 was $642,440 and $1,307,227, respectively, compared to a
net loss of $2,896,732 and $4,189,558 for the 1999 periods.  This
decrease in the Company's net loss for the 2000 periods is
partially attributed to the one time charge of $2,442,961 in the
second quarter of 1999 due to a loss on the sale of assets.  The
decrease in net loss for the 2000 periods is also attributed to
decreases of 63% and 56% in interest expense for the second quarter
and first half of 2000, respectively, when compared to the 1999
periods.  This decrease is due to the Company having recorded the
discount on its convertible debenture in the 1999 periods.

    For the remainder of fiscal year 2000, management expects
selling, general and administrative expenses to remain at
approximately the same rate as the first half of 2000.  The cost of
oil and gas produced is expected to fluctuate with the amount
produced and with prices of oil and gas, and management anticipates
that revenues are likely to increase during the remainder of 2000.

    The Company has included a footnote to its financial
statements for the periods ended June 30, 2000 stating that because
of the Company's continued losses, working capital deficit and
need for additional funding, there is substantial doubt as to
whether the Company can continue as a going concern.  See Note 2 to
the consolidated financial statements.

Net Operating Losses

    The Company has accumulated approximately $19,800,000 of net
operating loss carryforwards as of December 31, 1999, which may be
offset against future taxable income through the year 2019 when the
carryforwards expire.  The use of these losses to reduce future
income taxes will depend on the generation of sufficient taxable
income prior to the expiration of the net operating loss
carryforwards.

    In the event of certain changes in control of the Company,
there will be an annual limitation on the amount of net operating
loss carryforwards which can be used.  No tax benefit has been
reported in the financial statements for the year ended
December 31, 1999 or three month period ended June 30, 2000 because
the potential tax benefits of the loss carryforward is offset by
valuation allowance of the same amount.

Liquidity and Capital Resources

    Historically, the Company's working capital needs have been
satisfied through its operating revenues and from borrowed funds.
At June 30, 2000, the Company had a negative working capital
$7,747,094 compared to a negative $9,116,862 at December 31, 1999.
This 15% improvement in working capital is primarily attributed to
the conversion to common stock of a portion of the outstanding
convertible debentures.

    The Company anticipates meeting its working capital needs
during the remainder of the current fiscal year with revenues from
operations, particularly from its Powder River Basin interests in
Wyoming.  In the event revenues are not sufficient to meet the
Company's working capital needs, it will explore the possibility of
additional funding from either the sale of debt or equity
securities.  The Company has no current agreements or arrangements
for additional funding and there can be no assurance such funding
will be available to the Company or, if  available, it will be on
acceptable or favorable terms to the Company.

    As of June 30, 2000, the Company had total assets of
$4,989,506 and total stockholders' deficit of $3,520,207, compared
to total assets of $5,291,159 and total stockholders' deficit of
$4,630,435 at December 31, 1999.

    At June 30, 2000, the Company had debentures payable of
$2,341,550, which represents certain convertible debentures that
matured during the first quarter of 1999.  The Company currently
anticipates that either the debentures will be converted into
common stock or the Company will attempt to negotiate a change of
terms with the debenture holders.

Inflation

    In the opinion of management, inflation has not had a material
effect on the operations of the Company.

Year 2000

    The Year 2000 issue results from a computer industry-wide
practice of representing years with only two digits instead of
four.  Beginning in the year 2000, date code fields need to accept
four digit entries to distinguish twenty-first century dates from
twentieth century dates (2000 or 1900).  As a result, computer
systems and/or software used by many companies needed to be
upgraded to comply with such Year 2000 requirements.  Through June
30, 2000, the Company has not experienced any significant problems
associated with the Year 2000 issue nor has it been made aware of
or experienced date related problems with any third-party software.
Although it appears that the Year 2000 issue will not have a
significant adverse effect on the Company, it continues to monitor
the Year 2000 compliance of its internal systems.  Undetected
errors in its internal systems that may be discovered in the future
could have a material adverse effect on its business, operating
results or financial condition.

Risk Factors and Cautionary Statements

    Forward-looking statements in this report are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995.  The Company wishes to advise readers that
actual results may differ substantially from such forward-looking
statements.  Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those expressed in or implied by the statements, including,
but not limited to, the following: the ability of the Company to
secure additional financing, the possibility of success in the
Company's drilling endeavors, competitive factors, and other risks
detailed in the Company's periodic report filings with the
Securities and Exchange Commission.




                             PART II

Item 1.   Legal Proceedings

    There are no material pending legal proceedings to which the
Company is a party or to which any of its property is subject
except as set forth below.

    On May 14, 1997, a complaint entitled R&K Oil Company, Inc.
vs. Vulcan Energy Corporation and Trans Energy, Inc. was filed in
District Court, Andrews County, Texas, 109th Judicial District
(File #14,430).  The complaint alleges the Company owes R&K Oil
Company, Inc. $126,978 as a result of business transacted by Vulcan
Energy Corporation.  The complaint also seeks $500,000 for breach
of contract. The Company settled the suit for $15,000 in December
1998.

    On March 12, 1997, a complaint entitled F. Worthy Walker vs.
Loren Bagley, William Woodburn, Mark Woodburn, Trans Energy, Inc.
and Vulcan Energy Corporation, was filed in the District Court of
Dallas, Texas (# 9702304C).  The complaint alleges that the Company
breached certain contracts related to Mr. Walker's employment with
Vulcan Energy Corporation, and seeks punitive and exemplary
damages. The Company denies all allegations and intends to
vigorously defend its position.  Management believes that the
results of the proceedings will not have a material adverse effect
on the Company.  On February 17, 1998 the Company and the above
named defendants filed a countersuit against F. Worthy Walker
alleging breach of contract, fraud and fraudulent inducement,
conversion, and breach of fiduciary duty and seeks punitive
damages.

    The Company is also defending a lawsuit filed in 1998 in the
189th Judicial District Court of Harris County, Texas entitled
Baker Hughes Oilfield Operation, Inc. d/b/a Baker Hughes Inteq. vs.
Loren E. Bagley, Individually and Doing Business as Trans Energy,
Inc. (#98-48248).  This action is premised on an alleged breach of
contract and fraud and seeks to recover monetary damages in the
amount of $41,142, plus attorneys' fees, exemplary damages, costs
and interest.   The Company denies all allegations and intends to
vigorously defend its position.  Presently, the Company is
attempting to negotiate a settlement of the matter.

    Also in 1998 an action was filed against the Company in the
234th Judicial District Court of Harris County, Texas entitled
Western Geophysical, a Division of Western Atlas international,
Inc. vs. Trans Energy, Inc. (#98-58146).  In this action the
plaintiff alleges breach of contract and fraud and seeds to recover
monetary damages of $435,714, plus attorney's fees, exemplary
damages, costs of the suit and interest.  The Company is presently
attempting to negotiate a settlement in the matter.

    A foreign judgment has been filed with the circuit court in
Pleasants County, West Virginia for a judgment rendered by the
District Court in Harris County, Texas.  The judgment is for
$41,142 plus prejudgment interest and attorney's fees of $13,500.
No action has been taken to collect on this judgment.

Item 2.   Changes In Securities and Use of Proceeds

    During the second quarter of 2000, the Company issued
(i) 1,130,000 shares of its common stock to three persons for
services rendered to the Company valued at $.11 per share, and
(ii) 8,583,505 shares to nine persons upon the conversion of
certain debentures valued at an average of $.08 per share,
including penalty and interest.

    The above issuances of shares were made in private
transactions to persons possessing knowledge of the Company and
its business operations.  Accordingly, for 1,000,000 shares issued
for services, the Company relied upon the exemption from
registration under the Securities Act of 1933, as amended (the
"Act"), provided by Sections and 4(2) of the Act.  The remaining
130,000 shares issued for services were registered under the Act
pursuant to Form S-8 registration statements.  Issuances of shares
upon conversion of debentures involved an exchange of the Company's
securities and were exempt from registration pursuant to Section
3(a)(9) of the Act.

Item 3.  Defaults Upon Senior Securities

    In 1998, the Company issued $4,625,400 face value of 8%
Secured Convertible Debentures due March 31, 1999 (the
"Debentures")  Interest is to accrue upon the date of issuance
until payment in full of the principal sum has been made or duly
provided for.  Holders of the Debentures shall have the option, at
any time, until maturity, to convert the principal amount of their
Debenture, or any portion of the principal amount which is at least
$10,000 into shares of the Company's Common Stock at a conversion
price for each share equal to the lower of (a) seventy percent
(70%) of the market price of the Company's Common Stock averaged
over the five trading days prior to the date of conversion, or (b)
the market price on the issuance date of the Debentures.  Any
accrued and unpaid interest shall be payable, at the option of the
Company, in cash or in shares of the Company's Common Stock valued
at the then effective conversion price.

    The Company has not repaid the Debentures and has not
finalized a registration statement under which the Debentures can
be converted into common stock.  The Company is attempting to
renegotiate the terms of the debenture or to extend their terms.





Item 4.  Submission of Matters to a Vote of Security Holders

    On Friday, June 30, 2000, pursuant to proper notice to
stockholders, the Company held its Annual Meeting of Stockholders
at the Little America Hotel, Salt Lake city, Utah.  At the Meeting,
the following incumbent directors were elected, by the indicated
vote, to serve as directors until the next Annual Meeting of
Stockholders or until their successors are elected and qualified.

        Nominee                            For         Against     Abstain
    Loren E. Bagley                     19,903,619       -0-       233,101
    William F. Woodburn                 19,903,619       -0-       233,101
    John B. Sims                        19,903,619       -0-       233,101
    Gary F. Lawyer                      19,903,619       -0-       233,101

    Shareholders were also asked to ratify the appointment of
H J & Associates, LLP, formerly Jones, Jensen & Company, as
independent auditors for the Company's fiscal year ending
December 31, 2000.  The proposal carried by a vote of 19,731,672
for, 0 against, and 31,578 abstaining.

    A proposal was made to amend the Articles of Incorporation to
change the Company's authorized capitalization to 100,000,000
shares of common stock and 10,000,000 shares of preferred stock.
The proposal was amended at the Meeting to empower the Board of
Directors to take additional necessary action to further increase
the number of authorized common shares up to 500,000,000 in the
event the conversion of debentures made such increase necessary and
in the best interest of the Company.  The proposal carried by a
vote of 13,950,329 for, 1,328,915 against, and 28,126 abstaining.

    Shareholders were also asked to ratify the proposal to adopt
the Trans Energy, Inc. 2000 Stock Option Plan.  The plan would
provide for the grant of non-qualified stock options and incentive
stock options to key employees of the Company including officers,
directors and consultants.  Under the Plan, the maximum number of
shares of Common Stock represented by grants of options is
2,000,000 shares.  The proposal carried by a vote of 13,727,779
for, 1,252,615 against, and 700,476 abstaining.

    Other proposals made at the Meeting included the proposal to
empower the Board of Directors to effect, in its sole discretion,
a reverse split of the Company's issued and outstanding common
stock at such time and on a basis determined by the Board to be in
the best interest of the Company.  The Board is to have such power
to effect the reverse split for a period of up to one year from the
date of the Meeting.  Also, proposals were made to authorize the
Company to effect a re-capitalization and to amend its By-Laws to
allow for a quorum at shareholder meetings to be set at the lowest
allowable under Nevada law.  The above proposals all carried by a
vote of 20,136,720 for, 0 against, and 0 abstaining.



Item 5.  Other Information

    This Item is not applicable

Item 6.  Exhibits and Reports on Form 8-K

    (b)  Reports on Form 8-K

    During the three month period ended June 30, 2000, the Company
did not file any reports on Form 8-K.


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                            SIGNATURES


     In accordance with the requirements of the Securities Exchange
Act of 1934, the Registrant caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                             TRANS ENERGY, INC.



Date:  August 21, 2000                  By  /S/ Loren E. Bagley
                                        LOREN E. BAGLEY, President
                                        and Chief Executive Officer




Date:  August 21, 2000                  By  /S/ William F. Woodburn
                                        WILLIAM F. WOODBURN, Vice
                                        President and Director
                                        (Principal Accounting Officer)




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