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Larry Lee's 2100 Energy picks up stake in New Source Energy's general partner

Apr 27, 2015 - The Deal Pipeline
Mergers and Acquisitions

New Source Energy Partners LP (NSLP) of Oklahoma City said Monday that 2100 Energy LLC, which is owned by former RAM Energy Resources Inc. CEO Larry Lee, bought 18.4% of New Source Energy GP LLC (NSGP) from Deylau LLC for an undisclosed sum. Deylau is owned by NSLP and NSGP chairman and CEO Kristian Kos.

The sale includes an option for 2100 Energy to acquire the remaining 51% of NSGP owned by Deylau that can be exercised when NSLP buys at least $150 million of oil and gas properties tha...