New Source Energy Partners L.P. (NSLPQ)
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New Source Energy Partners L.P. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Kristian Kos CEO | OTC PINK Exchange | 64881E109 CUSIP |
| US Country | 412 Employees | 15 May 2015 Last Dividend | - Last Split | 8 Feb 2013 IPO Date |
Overview
New Source Energy Partners L.P. was an energy company that focused on acquiring, owning, developing, and producing oil and natural gas properties in the United States. The company operated through two primary segments: Exploration and Production, and Oilfield Services, catering to the significant needs in the oil and natural gas production sectors in North America. New Source Energy Partners was grounded with its foundation in 2012 and established its headquarters in Oklahoma City, Oklahoma. Notably, it functioned under the management of New Source Energy GP, LLC, serving as the general partner. However, on March 15, 2016, New Source Energy Partners L.P., along with its affiliate, underwent a significant transition by filing a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware, marking an end to its operations.
Products and Services
- Exploration and Production
- Oilfield Services
This segment was responsible for the core activities of New Source Energy Partners, focusing on exploring and extracting oil and natural gas. The exploration and production activities were primarily conducted in key oil, natural gas, and NGL (Natural Gas Liquids) production regions across North America. Through this segment, New Source Energy aimed at increasing its reserve base and enhancing its production capabilities, thereby ensuring a sustainable supply of energy resources.
The Oilfield Services segment offered a comprehensive range of services that supported the drilling and completion stages of oil and gas wells. Notable services included blowout prevention, which is critical for ensuring the safety and effectiveness of drilling operations, and surface valve and flowback services that are essential for controlling the flow of oil and gas during production. These services were tailored for both horizontal and vertical wells, demonstrating New Source Energy's commitment to catering to the diverse needs of the oil and gas industry in North America.
