New Source Energy Partners(OTC) NSLPQ

New Source Energy Partners L.P. is an American enterprise focused on the acquisition, ownership, development, and production of oil and natural gas properties across the United States. The company operates primarily in two segments: Exploration and Production, and Oilfield Services.

Products and Services

• Acquisition and development of oil and natural gas properties
• Specialized wellsite services for drilling and completion phases
• Support for both horizontal and vertical wells in North America

Growth Outlook

• Significant hydrocarbon assets across 145,919 gross acres in Oklahoma
• Possession of 83 gross proved undeveloped drilling locations
• Proved reserves estimated at approximately 16.3 million barrels of oil equivalent

Financial Highlights

• Recent quarterly revenue of $20.1 million, showing operational activity
• Trailing twelve months (TTM) gross profit margin at 18.98%
• Current ratio of 1.07 indicates adequate short-term financial health

New Source Energy Partners L.P. has a notable presence in the oil and gas sector, with a focus on both exploration and production as well as oilfield services. The company has established a strong asset base, particularly in Oklahoma, which positions it well for future growth. The recent quarterly revenue indicates ongoing operational activity, while the gross profit margin reflects the potential for profitability. The current ratio suggests that the company maintains a healthy balance between its current assets and liabilities, which is crucial for sustaining operations in the competitive energy market. Overall, New Source Energy Partners L.P. presents an intriguing opportunity for investors interested in the energy sector.