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New Source Energy Partners L.P. Completes Eight East Acquisition, Completes 2013 Maintenance Capital Spending Program
Business Wire - Tue Jun 04, 7:00AM CDT
New Source Energy Partners L.P. (NYSE: NSLP) (the "Partnership" or "New Source") today announced that it has acquired additional oil and natural gas properties from New Source Energy Corporation. The transaction closed on May 31, 2013. The Partnership acquired the properties for a cash payment of approximately $7 million, equal to the actual costs incurred by New Source Energy Corporation with respect to these properties. This acquisition qualifies as maintenance capital spending for the Partnership.
New Source Energy Partners L.P. Announces Restructuring of Ownership Interests in its General Partner
Business Wire - Wed Mar 20, 8:25AM CDT
New Source Energy Partners L.P., a Delaware limited partnership (NYSE: NSLP) (the "Partnership"), announced today that the existing members of New Source Energy GP, LLC, the general partner of the Partnership ("General Partner"), restructured their respective ownership interests in the General Partner. Prior to the restructuring, our General Partner was owned 50% by New Source Energy Corporation and 25% by the David J. Chernicky Trust, entities controlled by David J. Chernicky. The remaining 25% membership interest in our General Partner was owned by Deylau, LLC, an entity controlled by Kristian B. Kos. As a result of the restructuring, our General Partner is now owned 5.6% by New Source Energy Corporation, 25% by the David J. Chernicky Trust, and 69.4% by Deylau, LLC.
New Source Energy Partners L.P. Prices Initial Public Offering
Business Wire - Thu Feb 07, 4:50PM CST
New Source Energy Partners L.P., a Delaware limited partnership (the "Partnership"), announced today that it has priced its initial public offering of 4,000,000 common units representing limited partner interests in the Partnership at $20.00 per common unit. The common units will begin trading on the New York Stock Exchange under the symbol "NSLP" on February 8. The offering is expected to close on February 13, subject to customary closing conditions. The underwriters have been granted a 30-day option to purchase up to an additional 600,000 common units to cover over-allotments, if any.
New Source Energy Partners L.P. Launches Initial Public Offering
Business Wire - Wed Jan 30, 8:58AM CST
New Source Energy Partners L.P., a Delaware limited partnership (the Partnership), announced today the commencement of its initial public offering of 4,000,000 common units representing limited partner interests in the Partnership pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (SEC). The underwriters will be granted a 30-day option to purchase up to an additional 600,000 common units to cover over-allotments, if any. The common units will be listed on the New York Stock Exchange and traded under the symbol "NSLP."