New Source Energy Partners sheds debt with sale of two oilfield services firms

• MidCentral Energy Partners, a unit of New Source Energy Partners (NSLP), has sold its interests in Erick Flowback Services and Rod's Production Services back to those companies' founders, in a deal that closed today.
• The price was about $44.9M -- $5M in cash.
• The structure of the deal lets New Source drop more than $30M in liabilities and "significantly de-levers the MCLP balance sheet, which we believe is necessary in the current commodity price environment," says CEO Kristian Kos.