The US Bankruptcy Court gave an order approving the sale of equity interests in subsidiaries of New Source Energy Partners LP on June 24, 2016. The Trustee has been authorized to sell debtor’s equity interests in subsidiaries to MCE Acquisition, LLC, stalking horse bidder, for a purchase price of $0.60 million in cash million plus assumption of certain liabilities. The debtor did not receive any other competing bids for the purchase of its assets and therefore MCE Acquisition, LLC emerged as the winning bidder.