Oklahoma business briefs for May 15

Oklahoma business briefs for May 15, 2014
Oklahoman Published: May 15, 2014
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OKLAHOMA BRIEFS

Zonta Club accepts applications

The Zonta Club of Central Oklahoma is accepting applications for the 2014 Zonta International Jane M. Klausman Women in Business Scholarships. The scholarships, first awarded in 1998, are open to women enrolled in at least the second year of an undergraduate program through the final year of a master’s program in business, leading to a business management career. Applications, which can be downloaded from www.zontacentralok.org, are due by June 6.

Earnings

New Source Energy Partners LP

New Source Energy Partners LP posted a net loss of $1.5 million, or 12 cents a unit, for the first quarter, the partnership reported Wednesday. New Source lost nearly $1.4 million, or 87 cents a share, in the same period of last year, but the partnership reported a 13.6 percent increase in net production to 4,556 barrels of oil equivalent a day. “It’s been an especially active year-to-date for New Source,” CEO Kristian Kos said. “Since the start of 2014, we executed our second accretive acquisition in the Southern Dome area, raised our distribution for a third time since our initial public offering in 2013, and closed a public unit offering which we have used to reduce our outstanding debt. New Source is well-positioned, both financially and operationally, for future growth in 2014.”