Tengasco Closes On Tennessee Assets Divestment

October 2013, Vol. 240 No. 10

Tengasco Inc. closed on the sale of its Swan Creek field in Hancock County, TN along with its other Tennessee oil and natural gas leases for $1.5 million to Swan Creek Partners LLC and its affiliate General Gas Pipeline LLC.

The sale, which included the 67-mile natural gas pipeline system running from the Swan Creek field to Kingsport, TN, did not involve assets of Manufactured Methane Corp., such as the methane facility and electric generator at Carter Valley landfill in Hawkins County, TN.