Tengasco, Inc. (TGC) Shows Strong 2011 Drilling Results and Provides Update on Reserves
Today, Tengasco, the independent oil and gas developer which has made quite a name for itself in the Central Kansas Uplift by employing advanced analytical, developmental, and production technologies, reported 2011 drilling results (period ending Dec. 31), updating reserves and offering a portrait of its logistical operations. CEO of TGC, Jeff Bailey, was keen to point out the all-time annual company record set for gross production of some 246k barrels in 2011, which eclipsed previous records set in 2008 (238k barrels). Explaining that this feat was not attributable to any periodic records being set (daily, monthly, etc. as those records…