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
• Support for both horizontal and vertical wells

Growth Outlook

• Significant hydrocarbon assets across 145,919 gross acres
• Possession of 83 gross proved undeveloped drilling locations
• Proved reserves of 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 of 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 providing essential oilfield services. The company has established a strong asset base, which includes significant acreage and proved reserves, positioning it for potential growth in the energy market. Recent financial data indicates operational activity, with a quarterly revenue of $20.1 million, reflecting the company's ability to generate income despite challenges in the industry. The gross profit margin of 18.98% over the trailing twelve months suggests effective cost management and operational efficiency. Additionally, a current ratio of 1.07 highlights the company's capacity to meet short-term obligations, which is crucial for maintaining operational stability. Overall, New Source Energy Partners L.P. presents an intriguing opportunity within the energy sector, particularly for those interested in companies with a solid asset foundation and operational capabilities.