Tennessee Renewable Group LLC acquired Tennessee methane facility assets located at Carter Valley from Tengasco, Inc. and Manufactured Methane Corp. for $2.7 million.
January 26, 2018
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Tennessee Renewable Group LLC acquired Tennessee methane facility assets located at Carter Valley from Tengasco, Inc. (AMEX:TGC) and Manufactured Methane Corp. for $2.7 million on January 26, 2018. Under the transaction, Tennessee Renewable Group acquired all of the methane facility gas treatment facilities and electricity generation facilities located at the Carter Valley along with all related supply contracts and sales agreements. Tengasco intends to utilize the proceeds of the sale for general corporate purposes.
Tennessee Renewable Group LLC completed the acquisition of Tennessee methane facility assets located at Carter Valley from Tengasco, Inc. (AMEX:TGC) and Manufactured Methane Corp. on January 26, 2018.
Riley Exploration Permian, Inc., together with its subsidiaries is an independent oil and natural gas company. The Company is focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. The Company focuses on horizontal drilling and completions applied to conventional formations in the Permian Basin. The Permian Basin is an oil and natural gas producing area located in West Texas and the adjoining area of Southeastern New Mexico covering an area approximately 250 miles wide and 300 miles long, and encompasses several sub-basins, including the Delaware Basin, Midland Basin, Central Basin Platform and Northwest Shelf. The San Andres Formation is a shelf margin deposit composed of dolomitized carbonates. Its acreage is primarily located on large contiguous blocks in Yoakum County, Texas, which represents its Champions Field and Eddy County, New Mexico.
Tennessee Renewable Group LLC acquired Tennessee methane facility assets located at Carter Valley from Tengasco, Inc. and Manufactured Methane Corp. for $2.7 million.
RILEY EXPLORATION PERMIAN, INC. 
