About: Tengasco Inc.
Tengasco, Inc. is engaged in exploration for and production of oil and natural gas. The Company’s primary area of oil exploration and production is in Kansas. The Company’s primary area of gas exploration and production is the Swan Creek field in Tennessee. Its wholly owned subsidiary, Tengasco Pipeline Corporation (TPC), owns and operates a 65-mile intrastate pipeline, which it constructed to transport natural gas from the Company’s Swan Creek Field to customers in Kingsport, Tennessee. The Company’s wholly owned subsidiary, Manufactured Methane Corporation (MMC), owns and operates treatment and delivery facilities.
The Kansas Properties include 184 producing oil wells in central Kansas. During the year ended December 31, 2009, the Company produced 217 One thousand barrels of oil or other liquid hydrocarbons (MBbls) in Kansas. The Company’s completed pipeline system is owned and operated by Tengasco Pipeline Corporation (TPC), the Company’s wholly owned subsidiary and extends 65 miles from the Swan Creek Field to a meter station at Eastman Chemical Company’s (Eastman) plant in Kingsport, Tennessee. During 2009, the Company had 17 producing gas wells and four producing oil wells in the Swan Creek Field. The Company installed a combination of advanced gas treatment technology to extract the methane component of the purchased gas stream. Methane is the principal component of natural gas and makes up about half of the purchased raw gas stream by volume. The Company has constructed a pipeline to deliver the extracted methane gas to the Company’s existing pipeline (the Methane Project).