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):             April 21, 2006

                               TRANS ENERGY, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          NEVADA                       0-23530                 93-0997412
---------------------------          -----------             ------------------
State or other jurisdiction          (Commission             (IRS Employer
     of incorporation)               File Number)            Identification No.)

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

Registrant's telephone number, including area code: (304) 684-7053

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

[ ]  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[ ]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))




                                    FORM 8-K

Section 1 - Registrant's Business and Operations

Item 1.01     Entry into a Material Definitive Agreement

     Trans Energy, Inc. has finalize a definitive  Agreement for Sale of Oil and
Gas  Properties  related  to the  company's  sale of certain  wells,  overriding
royalties and  undeveloped  acreage  located in Campbell  County,  Wyoming.  The
assets  have  been  sold  at  public  auction   through  the  Oil  &  Gas  Asset
Clearinghouse  in Houston,  Texas.  The gross sales price for the  properties is
$1,003,000, which is expected to be paid to Trans Energy when the sales close on
or about May 12, 2006.

     The wells sold by the  company,  all located in Campbell  County,  Wyoming,
include the Pinion Fee #1, Sagebrush Federal #1, Sagebrush Federal #2, Sagebrush
Federal #3 (injector), Boley #31-36 Sandbar, State #1-36 Sandbar and State #2-36
Sandbar.  Also  included  in the sales were  overriding  royalties  on two wells
(Sagebrush  Federal  #1,  Sagebrush  Federal  #2) and  Tract  TR4-B,  and  2,530
undeveloped acres, also located in Campbell County.

Section 9 - Financial Statements and Exhibits

Item 9.01     Financial Statements and Exhibits

     (c) Exhibits


     Exhibit No.    Description
     -----------    -----------

         10.1       Agreement for Sale of Oil and Gas Properties (to be filed as
                    amendment to Form 8-K upon closing of sale)
-----------------

Notes about Forward-looking Statements

     Statements contained in this Current Report which are not historical facts,
including  all  statements  regarding the  consummation  of the  acquisition  of
assets,  may be  considered  "forward-  looking  statements"  under the  Private
Securities Litigation Reform Act of 1995.  Forward-looking  statements are based
on current  expectations  and the current  economic  environment.  Trans  Energy
cautions the reader that such  forward-looking  statements are not guarantees of
future   performance.   Unknown  risks  and   uncertainties  as  well  as  other
uncontrollable  or unknown  factors  could cause  actual  results to  materially
differ from the results,  performance  or  expectations  expressed or implied by
such forward-looking statements.

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                                   SIGNATURES


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                TRANS ENERGY, INC.



Date:  April 27, 2006           By         /S/ WILLIAM F. WOODBURN
                                   ---------------------------------------------
                                        William F. Woodburn
                                        Chief Operating Officer and Director


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