New Source Energy Partners LP (NYSE:NSLP) has appointed Charles Lee Reynolds III and Dikran Tourian to the board of directors of New Source Energy GP LLC, New Source’s general partner, effective immediately. As an independent director, Reynolds was also appointed to serve as a member of the board’s Audit and Conflicts committees.
Reynolds is practice leader of the North American Exploration and Production Energy Insurance Practice for Arthur J. Gallagher Risk Management Services Inc. (AJG). Prior to taking his current position with AJG in 2011, he was the founder and president of Meyers-Reynolds & Associates Inc. In addition to experience in the US, during his 37-year career, Reynolds has handled or consulted on energy risks internationally.
Tourian was appointed president of the Oilfield Services & Midstream Division of the Partnership in November 2013 in connection with the Partnership’s acquisition of MCE LP, a services company specializing in increasing efficiencies and safety in drilling and completing processes that Tourian co-founded in 2010. He has founded and sold numerous businesses since 2000, including a sale to Compass Diversified Holdings (NYSE:CODI) in 2007. He has experience spearheading consolidations and turnarounds across numerous industries from healthcare to oilfield services.