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<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>UNITED
STATES</b></FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECURITIES and
EXCHANGE COMMISSION </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>WASHINGTON, D.C. 20549 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM 8-K </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Current Report Pursuant
to Section 13 or 15(d) of the </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Securities Exchange
Act of 1934 </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report (Date
of Earliest Event Reported): </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>October 24, 2006 </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><U>Tengasco, Inc. </U></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact Name of
Registrant as specified in its charter) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Commission File Number
0-20975 </FONT></P>




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     <TD><u>Tennessee</u><br>(State or other jurisdiction of <br>incorporation or organization)</TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>87-0267438</u><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I.R.S. Employer Identification No.)</TD></TR>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp; </I></FONT></P>





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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>10215 Technology
Drive N.W., Suite 301, Knoxville, Tennessee 37932 </U></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Address of Principal
Executive Office) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>(865) 675-1554 </U></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Registrant&#146;s
Telephone number) </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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 (see General Instruction A.2. below): [ ]
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)) </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8.01 Other Events </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On October 24, 2006 the Company
signed a twenty-year Landfill Gas Sale and Purchase Agreement (the &#147;Agreement&#148;)
with BFI Waste Systems of Tennessee, LLC (&#147;BFI&#148;). The Agreement provides for the
Company&#146;s purchase of all of the naturally produced gas stream presently being
collected and flared at a municipal solid waste landfill which serves the metropolitan
area of Kingsport, Tennessee and is owned and operated by BFI in Church Hill, Tennessee. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Company plans to purchase and
install a proprietary combination of commercially available advanced gas treatment
technology (the &#147;Project&#148;) to extract the methane component of the purchased gas
stream.&nbsp; Methane is the principal component of natural gas. &nbsp;The Company also
plans to construct a two mile small diameter pipeline to deliver the extracted methane gas
to the Company&#146;s existing pipeline for delivery to Eastman Chemical Company
(&#147;Eastman&#148;) in Kingsport, Tennessee under the Company&#146;s existing natural
gas sales agreement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Company will seek suitable
project financing for the production of gas from this non-conventional source.&nbsp; Total
costs for the Project are expected to be in the range of $3.7 million, and commercial
operations are expected to begin about eight months from closing of financing.&nbsp;
Assuming financing is obtained in the next sixty days, the Company estimates that
commercial operations of the Project may begin as early as late summer or early fall of
2007.&nbsp; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>At current gas production rates and
expected extraction efficiencies, when commercial operations of the Project begin, the
Company would expect to deliver about 418 MMBtu per day of additional gas to Eastman,
which would almost double the current volumes of natural gas being delivered to Eastman by
the Company from its Swan Creek field. Unlike a producing natural gas well, which declines
from the first day of production, the gas supply from the Project is expected to grow as
the underlying operating landfill continues to expand and generate additional naturally
produced gas, and for several years following the closing of the landfill, which the
Company anticipates may occur between the years 2022 and 2026. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly
caused and authorized this report to be signed on its behalf by the undersigned. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: October 30, 2006 </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT></P>


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     <TD>Tengasco,
Inc.<br><br><u>By: s/Jeffrey R. Bailey</u><br>Jeffrey R. Bailey,<br>Chief Executive Officer</TD>
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{"company-data": {"conformed-name": "TENGASCO INC", "cik": "0001001614", "assigned-sic": "1311", "irs-number": "870267438", "state-of-incorporation": "TN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15555", "film-number": "061171569"}, "business-address": {"street1": "10215 TECHNOLOGY DRIVE", "street2": "SUITE 301", "city": "KNOXVILLE", "state": "TN", "zip": "37932", "phone": "865-675-1554"}, "mail-address": {"street1": "10215 TECHNOLOGY DRIVE", "street2": "SUITE 301", "city": "KNOXVILLE", "state": "TN", "zip": "37932"}}
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):
October 24, 2006
Tengasco, Inc.
(Exact Name of
Registrant as specified in its charter)
Commission File Number
0-20975
Tennessee
(State or other jurisdiction of
incorporation or organization)
87-0267438
(I.R.S. Employer Identification No.)
10215 Technology
Drive N.W., Suite 301, Knoxville, Tennessee 37932
(Address of Principal
Executive Office)
(865) 675-1554
(Registrant's
Telephone number)
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 (see General Instruction A.2. below): [ ]
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))
Item 8.01 Other Events
On October 24, 2006 the Company
signed a twenty-year Landfill Gas Sale and Purchase Agreement (the "Agreement")
with BFI Waste Systems of Tennessee, LLC ("BFI"). The Agreement provides for the
Company's purchase of all of the naturally produced gas stream presently being
collected and flared at a municipal solid waste landfill which serves the metropolitan
area of Kingsport, Tennessee and is owned and operated by BFI in Church Hill, Tennessee.
The Company plans to purchase and
install a proprietary combination of commercially available advanced gas treatment
technology (the "Project") to extract the methane component of the purchased gas
stream.  Methane is the principal component of natural gas.  The Company also
plans to construct a two mile small diameter pipeline to deliver the extracted methane gas
to the Company's existing pipeline for delivery to Eastman Chemical Company
("Eastman") in Kingsport, Tennessee under the Company's existing natural
gas sales agreement.
The Company will seek suitable
project financing for the production of gas from this non-conventional source.  Total
costs for the Project are expected to be in the range of $3.7 million, and commercial
operations are expected to begin about eight months from closing of financing. 
Assuming financing is obtained in the next sixty days, the Company estimates that
commercial operations of the Project may begin as early as late summer or early fall of
2007.
At current gas production rates and
expected extraction efficiencies, when commercial operations of the Project begin, the
Company would expect to deliver about 418 MMBtu per day of additional gas to Eastman,
which would almost double the current volumes of natural gas being delivered to Eastman by
the Company from its Swan Creek field. Unlike a producing natural gas well, which declines
from the first day of production, the gas supply from the Project is expected to grow as
the underlying operating landfill continues to expand and generate additional naturally
produced gas, and for several years following the closing of the landfill, which the
Company anticipates may occur between the years 2022 and 2026.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly
caused and authorized this report to be signed on its behalf by the undersigned.
Dated: October 30, 2006
Tengasco,
Inc.
By: s/Jeffrey R. Bailey
Jeffrey R. Bailey,
Chief Executive Officer