Overview of our Recently Announced Acquisitions of EFS and RPS Purchase price of 116.8 million 57.3 million in cash, 42.7 million in NSLP units, and 16.8 million in assumed debt Earn-out opportunity for the former owners of EFS and…
New Source Summary Integrated MLP with Upstream and Oilfield Services segments E&P Asset Profile (2) Headquartered in Oklahoma City, OK 20.6 MMBoe total proved reserves Initial Public Offering NSLP February 60% proved…
Our Strategy Continue to grow production from our mature, long lived oil and gas properties Continue to organically grow our oilfield services businesses Reduce risk through active commodity hedging Grow distribution to…
Focus on Value Creation February March May July October 2013 2013 2013 2013 2013 New Source Energy Completes first E&P Completes second E&P Increased distribution Completes fifth E&P Partners completes acquisition of additional…
E&P Footprint Outline of Hunton Reservoir NSLP Core NSE Core Operating Operating Area Area The New Source Groups technical team has over 29 years of Substantial Drilling Inventory experience with a 98% success rate of all…
Long-Lived Reserves Nicely Fit the MLP Structure Hunton Conventional Resource Reservoir; Generalized Type Curve Hydrocarbon production typically increases through the NGL & Natural Gas first three to seven months Btu Decline…
Continued Opportunities For Growth in the Hunton State of Oklahoma Outline of Hunton Reservoir NSLP Core NSE Core NSLP Operating Operating Acquisition Area Area March 2013 NSLP NSLP NSLP Acquisition Acquisitions…
Forced Pooling Operators can permit a well to Example on 640 Acre Spacing be drilled even though all of the mineral rights under a Before Forced Pooling After Forced Pooling production unit are not fully leased by the operator…
Three Year Hedge Portfolio(1) Average Hedge Prices (2) Oil Gas NGLs Oil Gas NGLs Oil Gas Swaps: Swaps: Swaps: Swaps: Swaps: Swaps: Swaps: Swaps: 90.20 4.09 39.79 88.90 4.25 82.74 86.00 4.37 Collars:(5) Collars:(4) Collars:(5)…
New Sources Oilfield Services Operations Pressure Control Throughout the Life Cycle of the Well Specializes in safety and efficiencies in the pressure control platform and full service well testing and flowback services, as well as…
Industry Drivers The market for pressure control has experienced rapid growth Demand for pressure control equipment and services during the drilling and completion phases of the life cycle of the well is primarily dependent upon the…
Blowout Prevention Installation and Pressure Testing Overview The key to providing BOP installation services is the utilization of Gin Trucks to place two winches on the rig floor, which are utilized to hold the BOP in place while…
Well Testing and Flowback Overview Fracking operations for unconventional completions can require 4,000 to 10,000 barrels of completion fluids per stage to be pumped into the formation These completion fluids must be recovered before…
New Sources Service Offerings and Value Proposition Emphasis on customer Safety, safety and safety service, as evidenced by large, blue-chip customer base Best-in-class hydraulic pumps allow New Source to Prevent expensive…
NSLP An Integrated MLP 20
Revenue and EBITDA Guidance Oilfield Services Division Revenue and EBITDA Guidance E&P Division Production and Expense Guidance ( in millions) 2H2014E 2015E 2H2014E 2015E Oilfield Services Division Production (Boe/d) 4,700 4,800…
Reconciliation of Net (Loss) Income to Adjusted EBITDA This presentation incudes Adjusted EBITDA which is a non-GAAP financial measure. Below is a reconciliation of this non-GAAP financial measure to its nearest GAAP financial measure.…
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