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New Source Energy Partners L.P., a Delaware limited partnership (NSLP) (the “Partnership” or “New Source”), today announced that it has commenced a public offering of $40 million of Series A Cumulative Convertible Preferred Units (“Series A Preferred Units”) pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”).  The Partnership will grant the underwriters a 30-day option to purchase up to 15% additional Series A Preferred Units.  New Source intends to use all of the net proceeds from the offering to repay a portion of the indebtedness outstanding under its revolving credit facility.

Stifel is serving as lead book-running manager and Baird is serving as joint book-running manager for the offering. Janney Montgomery Scott, Oppenheimer & Co. and Wunderlich Securities are serving as co-leads for the offering.  An investor may obtain a free copy of the prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at  When available, a copy of the prospectus supplement and accompanying base prospectus relating to the offering may also be obtained from:

Stifel, Nicolaus & Company, Incorporated
Attn: Prospectus Department
One South Street, 15th Floor
Baltimore, MD 21202
(855) 300-7136

Robert W. Baird & Co. Incorporated
Attn: Syndicate Department
777 East Wisconsin Avenue
Milwaukee, WI 53202
(800) 792-2473

The shelf registration statement relating to these securities has previously been filed with the SEC and was declared effective on April 21, 2014.  This press release does not constitute an offer to sell or a solicitation of an offer to buy Series A Preferred Units or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  The offering of these securities may be made only by means of the prospectus supplement and the related base prospectus.

About New Source Energy Partners L.P.

New Source Energy Partners L.P. is an independent energy partnership engaged in the production of its onshore oil and natural gas properties that extends across conventional resource reservoirs in east-central Oklahoma and in oilfield services that specialize in increasing efficiencies and safety in drilling and completion processes. For more information on the Partnership, please