UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 1326, 2015 (October 921, 2015)

NEW SOURCE ENERGY PARTNERS L.P.

(Exact name of registrant as specified in its charter)



Delaware	001-35809	38-3888132
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

914 North Broadway, Suite 230

Oklahoma City, Oklahoma 73102

(405) 272-3028

(Address of Principal Executive Offices, Including Zip Code)

Not Applicable.

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 25.0402 ~~Triggering~~Departure ~~Events~~of ~~That~~Directors ~~Accelerate~~ or ~~Increase~~Certain aOfficers; ~~Direct~~Election ~~Financial~~of ~~Obligation~~Directors; orAppointment anof ~~Obligation~~Certain ~~Under~~Officers; anCompensatory ~~Off-Balance~~Arrangements ~~Sheet~~of ~~Arrangement~~Certain Officers.

On October 921, 2015, ~~New~~John ~~Source~~Raber, ~~Energy~~a ~~Partners~~member ~~L.P.~~of (the Board of Directors (“~~Partnership~~Board”) ~~was~~of ~~notified~~New bySource ~~the~~Energy ~~Bank~~GP, ofLLC ~~Montreal~~(“NSGP”), the ~~administrative~~general ~~agent~~partner ~~under~~of ~~the~~New ~~Partnership’s~~Source ~~Credit~~Energy ~~Agreement,~~Partners ~~dated~~L.P. ~~as of February 13~~(“NSLP,” ~~2013~~collectively ~~(as~~with ~~amended~~NSGP, the “~~Credit Agreement~~Partnership”), ~~that~~submitted ~~the~~his ~~semi-annual~~resignation ~~re-determination~~as ~~of the borrowing base under the terms of Credit Agreement resulted in~~ a ~~lowering~~director ofon the ~~borrowing~~Board, ~~base~~effective ~~from~~immediately. ~~$49 million to $24 million~~Mr. ~~The~~Raber’s ~~Partnership~~resignation ~~previously~~is ~~voluntarily~~not ~~agreed~~a toresult ~~lower the borrowing base from $57 million to $49 million in preparation for the lenders’ review~~ of ~~the borrowing base. The Partnership currently has $49 million borrowed under the Credit Agreement, resulting in~~ a ~~borrowing~~disagreement ~~base~~with ~~deficiency currently in~~ the ~~amount of $25 million. The~~ Partnership ~~has~~on ~~thirty~~any ~~(30)~~matter ~~days~~relating to ~~provide written notice to Bank of Montreal, as administrative agent, of its plans to cure~~ the ~~deficiency~~Partnership’s ~~by either prepaying the excess borrowings in full~~operations, ~~pledging~~policies ~~additional collateral to cure the deficiency,~~ or ~~a combination thereof~~practices.

The Partnership does not currently have sufficient cash resources to repay or additional collateral to cure the borrowing base deficiency. If the Partnership is unable to successfully negotiate a forbearance agreementAlso, ~~obtain a waiver of compliance or cure the borrowing base deficiency, an event of default under the Credit Facility would occur~~ on ~~November~~October 921, 2015~~. In an event of default~~, the ~~administrative~~Board ~~agent~~appointed ~~may,~~Paula ~~and at the request of the majority of lenders~~Maxwell, ~~shall~~age ~~by notice to the Company~~54, ~~take~~as ~~either~~Vice orPresident ~~both~~Accounting offor the ~~following~~Partnership. Ms. ~~actions:~~Maxwell ~~(i)~~will ~~terminate~~serve as the Partnership’s ~~Commitments~~Principal ~~(as~~Accounting defined in the Credit Agreement), and thereupon the Commitments shall terminate immediately, and (ii) declare the notes and the loans then outstanding under the Credit Agreement to be immediately due and payableOfficer.

~~The~~Ms. ~~Partnership~~Maxwell ~~has~~most ~~retained~~recently ~~Opportune~~served ~~LLP~~ as ~~its~~Controller ~~financial~~of ~~advisor~~Operations Accounting at Ascent Resources, LLC. Prior to ~~assist~~that, inshe ~~working~~was ~~with~~Controller ~~the~~of ~~Partnership’s~~Operations ~~lenders~~Accounting at WildHorse Resources, LLC from August 2010 to ~~eliminate~~July ~~the~~2015. ~~borrowing~~Ms. ~~base~~Maxwell ~~deficiency~~has ~~and~~over 30 years of experience in ~~connection~~the ~~therewith~~energy ~~evaluate~~industry ~~strategic~~having ~~alternatives.~~held ~~There~~various ispositions noof ~~assurance~~increasing ~~that~~responsibility. ~~the~~She ~~Partnership~~holds ~~will~~a beBachelor ~~successful~~of Business Administration in ~~pursuing~~Accounting ~~any~~from ~~such~~the ~~alternatives~~University of Texas at Arlington.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		New Source Energy Partners L.P.
	By:	New Source Energy GP, LLC, its general partner
Dated: October 13, 2015	By:	/s/ Kristian B. Kos
Dated: October 26, 2015	By:	/s/ Kristian B. Kos
	Name:	Kristian B. Kos
	Title:	Chairman and Chief Executive Officer

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