New Source Energy, a producer and developer of oil and natural gas properties primarily located in the Hunton reservoir formation of eastern Oklahoma, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. The company has interests in over 120,000 acres and 249 oil producing wells in the region. The Oklahoma City, OK-based company, which was formed in earlier this year, booked $45 million in revenues for the 12 months ended June 30, 2011 and plans to list on the New York Stock Exchange under the symbol NSE. New Source Energy follows Laredo Petroleum (LPI), Inergy Midstream (NRGM), and Dynamic Offshore Resources (DOR) to become the fourth energy company to initially file in the past six days. BMO Capital Markets and KeyBanc are set to be the lead underwriters on the deal. Terms and timing have yet to be announced.
