An unknown buyer signed an asset purchase agreement to acquire interests in MidCentral Energy Partners L.P. and MidCentral Energy Partners GP, LLC from New Source Energy Partners L.P. (OTCPK:NSLP.Q) and New Source Energy GP, LLC for $0.6 million on May 10, 2016. Under the terms of the agreement, buyer will acquire 100% of the class A units of MidCentral Energy Partners and 100% of the limited liability company membership interests of MidCentral Energy Partners GP. Buyer shall deposit an amount in cash equal to $0.06 million as earnest money in the escrow account. The deal is subject to the bankruptcy court approval. As of June 24, 2016, the transaction received approval of the bankruptcy court. Dianne F. Coffino of Covington & Burling LLP acted as the legal advisor to the buyer. Archer &Greiner, P.C. acted as the legal advisor to David W. Carickhoff, who is acting as the trustee to the sellers in the deal.