Add-on Acquisition • Oil/Gas Exploration

New Source Energy Partners Acquires Rod s Production Services

On June 26, 2014, New Source Energy Partners acquired oil/gas exploration company Rod s Production Services

Acquisition Context
  • This is New Source Energy Partners’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is New Source Energy Partners’ 2nd transaction in the United States.
  • This is New Source Energy Partners’ 1st transaction in Texas.

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M&A Deal Summary

Date June 26, 2014
Target Rod s Production Services
Sector Oil/Gas Exploration
Buyer(s) New Source Energy Partners
Deal Type Add-on Acquisition
Advisor(s) Farlie Turner Gilbert Investment Banking (Financial)

Target Company

Rod s Production Services

Joshua, Texas, United States
Rod's Production Services, LLC provides well site services for the energy exploration industry in the United States.
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Buyer Overview 1

Buyer

New Source Energy Partners

Oklahoma City, Oklahoma, United States

Category Company
Founded 2012
Sector Oil/Gas Exploration
Employees412
Revenue 165M USD (2014)
DESCRIPTION

New Source Energy Partners L.P. is an independent energy company focusing on delivery through streamlined operations and vertically integrated infrastructure. Company are actively engaged in the development and production of our onshore oil and liquids-rich portfolio that extends across conventional resource reservoirs in east-central Oklahoma.


Deal Context for Buyer #
Overall 2 of 2
Sector: Oil/Gas Exploration 2 of 2
Type: Add-on Acquisition 2 of 2
State: Texas 1 of 1
Country: United States 2 of 2
Year: 2014 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-26 Erick Flowback Services

Kingfisher, Oklahoma, United States

Erick Flowback Services, LLC provides services ranging from drilling to production for the oil and gas industry.

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