New Source Energy Partners L.P. (NYSE:NSLP) exercised the option agreement to acquire MidCentral Completion Services, LLC from Deylau, LLC and Signature Investments, LLC for $5.3 million on June 26, 2014. Under the terms, New Source Energy issued 0.03 million units as consideration. Also, former owners of MCCS are entitled to receive additional common units in the second quarter of 2015 based on a specified multiple of the annualized EBITDA of MCCS for the trailing nine month period ending March 31, 2015, less certain adjustments, subject to a $4.5 million cap. On November 12, 2013, New Source Energy had entered into an option agreement to acquire MidCentral Completion Services. The purchase price constituted common units of New Source Energy Partners and an additional number of common units as earn-out consideration.

New Source Energy Partners L.P. (NYSE:NSLP) completed the acquisition of MidCentral Completion Services, LLC from Deylau, LLC and Signature Investments, LLC on June 26, 2014.