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New Source Energy Partners Acquires Oil and Natural Gas Properties

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New Source Energy Partners (NYSE: NSLP) (the “Partnership”), announced Monday that it has acquired oil and
natural gas properties from New Source Energy Corporation, Scintilla,
LLC and W.K. Chernicky, LLC (together, the “Contributors”). The
transaction closed on March 29, 2013, with an effective date of March 1,
2013, and was financed with the issuance of an aggregate 1,378,500
common units representing limited partner interests to the Contributors.

“This transaction marks the Partnership's first acquisition and further
strengthens our asset portfolio for our unit holders,” said Kristian
Kos, President and Chief Executive Officer of New Source Energy GP, LLC,
the general partner of the Partnership (the “General Partner”). “We are
also pleased to be able to finance

See full press release

Posted-In: News Guidance Contracts Asset Sales Management M&A Global

 

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