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.
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.”
Cypress Energy Partners LP
TULSA — Cypress Energy Partners LP on Wednesday reported net income of $3.5 million, or 18 cents a unit, for the first quarter. Cypress’ predecessor earned $2.2 million in the same period of last year. Cypress, which provides saltwater disposal and other environmental services to energy producers and trucking companies, completed its initial public offering in January. “CELP delivered solid first quarter results bolstered by higher pipeline inspection and integrity services segment revenue and headcounts, offset by lower volumes in our water and environmental services segment due to the unusually harsh winter conditions that impacted many of our customers and other service providers,” CEO Peter C. Boylan III said.
From Staff Reports