UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (date of earliest event reported):             February 26, 2002


                               TRANS ENERGY, INC.
             (Exact Name of Registrant as Specified in its Charter)



           NEVADA                  0-23530                      93-0997412
         State or Other          (Commission                  (IRS Employer
         Jurisdiction)           File Number)                 Identification
                                                                 Number)

        210 Second Street, P.O. Box 393, St. Mary's, West Virginia 26170
    (Address of Principal Executive Offices and Principal Place of Business)

Registrant's Telephone Number, Including Area Code: (304) 684-7053





                                    FORM 8-K

Item 5.  Other Events

         In September 2001, the Securities and Exchange Commission filed a civil
action in the United States  District Court for the District of Columbia  (Civil
Action No.  1:01CV020060)  against Trans Energy, Inc. (the "Company") and two of
its directors,  Loren E. Bagley and William F. Woodburn.  The complaint  alleged
violations of the anti-fraud and reporting  provisions of the federal securities
laws in  connection  with  press  releases,  wesbite  postings,  and  Commission
filings.   The  Commission's   complaint  sought  injunctive  relief  and  civil
penalties.

         Also in September 2001, Mr. Bagley resigned as the Company's  President
and Chief  Executive  Officer,  and Mr.  Woodburn  resigned  as Vice  President,
although he continues as Secretary and Treasurer.  Mr. Bagley was appointed as a
Vice  President and Robert L. Richards was elected as the new  President,  Chief
Executive Officer and a director.

         On February 26, 2002, the District Court entered a permanent injunction
against the Company,  Mr. Bagley, and Mr. Woodburn,  permanently  enjoining them
from future violations of the Securities  Exchange Act of 1934 and certain rules
promulgated  thereunder.  The Court also ordered Messrs.  Bagley and Woodburn to
each pay a $20,000  civil  penalty.  The Company,  Mr.  Bagley and Mr.  Woodburn
consented  to entry of the  permanent  injunction  and the  imposition  of civil
penalties without admitting or denying the Commission's allegations.




                                   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:  March 5, 2002              By: /S/ ROBERT L. RICHARDS
                                  --------------------------
                                          Robert L. Richards
                                          President and Chief Executive Officer


                                       -2-