New Source Energy Partners L.P. announced that the board of directors of its General Partner has declared a cash distribution for the fourth quarter of 2014 of $0.20 per unit on all common units, or $0.80 on an annualized basis. The distribution will be paid on February 13, 2015 to all unit holders of record on February 2, 2015.

The company provided earnings guidance for the year 2015. For the year, the company revising its 2015 guidance in response to the lower commodity prices and the anticipated impact on drilling plans for oil and gas properties as well as customers drilling plans in the oilfield services business. The Oilfield Services Divisions guidance reflects a decrease in revenue based on expected decreases in oil and natural gas producers drilling activity. The Exploration and Production Divisions guidance reflects lower average daily production based on drilling plans being curtailed due to the low commodity price environment. Revenues expects to be in the range of $120 million to $140 million. EBITDA Margin to be 21% to 25%.