New Source Energy Partners L.P. Announces Addition of Charles Lee Reynolds III and Dikran Tourian to Board of Directors

  New Source Energy Partners L.P. Announces Addition of Charles Lee Reynolds
  III and Dikran Tourian to Board of Directors

Business Wire

OKLAHOMA CITY -- February 13, 2014

New Source Energy Partners L.P., a Delaware limited partnership (NYSE:NSLP)
(the “Partnership” or “New Source”), today announced the appointment of
Messrs. Charles Lee Reynolds III and Dikran Tourian to the Board of Directors
(the “Board”) of New Source Energy GP, LLC, New Source’s general partner,
effective immediately. As an independent director, Mr. Reynolds was appointed
to serve as a member of the Board’s Audit and Conflicts Committees.

About Charles Lee Reynolds III

Mr. Reynolds is Practice Leader of the North American Exploration and
Production Energy Insurance Practice for Arthur J. Gallagher Risk Management
Services, Inc. (AJG). Mr. Reynolds is responsible for providing risk
management and insurance brokerage expertise to clients of AJG and to assure
that the firm consistently provides a full spectrum of specialized
professional services. Prior to taking his current position with AJG in 2011,
Mr. Reynolds was the founder and president of Meyers-Reynolds & Associates,
Inc. with offices in Oklahoma City and Tulsa, Oklahoma. Meyers-Reynolds
specialized in providing professional risk management and insurance brokerage
services to clients in the energy space on a global basis.

In addition to experience in the United States, during his 37 year career, Mr.
Reynolds has handled or consulted on energy risks in Argentina, Australia,
Bulgaria, the Czech Republic, the Caribbean, China, Colombia, France,
Guatemala, India, Indonesia, Spain, the United Kingdom and Venezuela. Mr.
Reynolds received a Bachelor of Arts degree from the University of Oklahoma in
1974 and a Masters of Business Administration degree from Oklahoma City
University in 1976.

About Dikran Tourian

Dikran Tourian was appointed President of the Oilfield Services & Midstream
Division of the Partnership in November 2013 in connection with the
Partnership’s acquisition of MCE, LP, a services company specializing in
increasing efficiencies and safety in drilling and completing processes that
Mr. Tourian co-founded in 2010. Mr. Tourian has founded and sold numerous
businesses since 2000, including a sale to Compass Diversified Holdings
(NYSE:CODI) in 2007. He has a strong track record in spearheading
consolidations and turnarounds across numerous highly competitive industries
from health care to oilfield services. A native of western Oklahoma, Tourian
earned a marketing degree from the Price School of Business at the University
of Oklahoma in 1999.

About New Source Energy Partners L.P.

New Source Energy Partners L.P. is an independent energy company focusing on
delivery through streamlined operations and vertically integrated
infrastructure. The Partnership is actively engaged in the development and
production of our onshore oil and liquids-rich portfolio that extends across
conventional resource reservoirs in east-central Oklahoma. In addition, the
Partnership is engaged in oilfield services that specialize in increasing
efficiencies and safety in drilling and completion processes through its
wholly owned subsidiary, MCE LP. For more information on the Partnership
please visit www.newsource.com.

Contact:

New Source Energy Partners L.P.—Investor & Media Contact
Nick Hodapp, 405-272-3028
Director of Investor Relations
nhodapp@newsource.com
 
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