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Centennial Resource Development

Company Summary

Description

Centennial Resource Development is an independent oil producer with assets in the core of the southern Delaware Basin, a sub-basin of the Permian Basin in West Texas.

Website

http://www.cdevinc.com/

Operational Regions

  • Permian Basin
  • Delaware Basin

Related Entities

Recent news

  • 9/1/2022 - Centennial Resource... (subscriber access)
  • 5/19/2022 - Centennial Resources to... (subscriber access)
  • 5/6/2022 - Centennial Resource... (subscriber access)
  • 5/6/2022 - Centennial Resource... (subscriber access)
  • 5/6/2022 - Centennial Resource... (subscriber access)

Investor Presentations

  • 4Q21 Earnings Presentation
  • 1Q20 Investor Presentation (subscriber access)
  • 3Q19 Investor Presentation (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • 4Q18 Investor Presentation (subscriber access)
  • 2 2018 Centennial Resource Development Earnings Conference Call Presentation (subscriber access)
  • J.P. Morgan Energy Equity Conference (subscriber access)
  • 1Q18 Earnings Presentation (subscriber access)
  • Fiscal Year 2017 Earnings Presentation (subscriber access)
  • 3Q17 Investor Presentation (subscriber access)
  • 2Q17 Earnings Conference Call Presentation (subscriber access)
  • 1Q17 Earnings Presentation (subscriber access)
  • Investor Presentation - March 2017 (subscriber access)

Company Transactions

Date: 12/2/2021
Type: Acquisition

BUYERS:
  • Henry Resources LLC
  • Pickering Energy Partners
    • SELLERS:
  • Centennial Resource Development
    • DETAILS:

    COST: 101 $MM

    ACRES: 6200 Acres

    NOTES:
    Centennial Resource Development has closed on a non-core sale of $101 million in assets to affiliates of Henry Resources, LLC and Pickering Energy Partners, LP. The deal included 6,200 net acres in Reeves County, Texas.
    REGIONS:
  • Permian Basin

    • Date: 11/7/2018
    Type: Acquisition

    BUYERS:
  • Centennial Resource Development
    • DETAILS:

    COST: 26 $MM

    ACRES: 820 Acres

    NOTES:
    Centennial Resource Development closed three acquisitions in 4Q18 for roughly 2,900 net acres adjacent to existing positions in the Northern and Southern Delaware Basins. In Lea County, the Company acquired roughly 820 net acres in two separate transactions from undisclosed third-parties for a combined purchase price of $26 million. The purchase allows the Centennial to increase its working interest on its existing acreage and to drill extended laterals.
    REGIONS:
  • Delaware Basin

    • Date: 11/7/2018
    Type: Acquisition

    BUYERS:
  • Centennial Resource Development
    • DETAILS:

    ACRES: 2100 Acres

    NOTES:
    Centennial Resource Development closed three acquisitions in 4Q18 for roughly 2,900 net acres adjacent to existing positions in the Northern and Southern Delaware Basins. In Reeves County, roughly 2,100 net acres were acquired from an undisclosed third-party. The operated acreage position contains a roughly 82% working interest.
    REGIONS:
  • Delaware Basin

    • Date: 3/1/2018
    Type: Acquisition

    SELLERS:
  • Centennial Resource Development
    • DETAILS:

    COST: 141 $MM

    VOLUMES: 250 BOE/d

    ACRES: 8600 Acres

    NOTES:
    The acreage is non-operated with a 31% working interest and includes production of 250 boe/d.
    REGIONS:
  • Permian Basin

    • Date: 2/8/2018
    Type: Acquisition

    BUYERS:
  • Centennial Resource Development
    • SELLERS:
  • OneEnergy Partners
    • DETAILS:

    COST: 95 $MM

    ACRES: 4000 Acres

    REGIONS:
  • Permian Basin

    • Date: 5/31/2017
    Type: Acquisition

    BUYERS:
  • Centennial Resource Development
    • SELLERS:
  • GMT Exploration Company LLC
    • DETAILS:

    COST: 350 $MM

    VOLUMES: 2.1 MBOE/d

    ACRES: 11860 Acres

    REGIONS:
  • Delaware Basin

    • Date: 12/29/2016
    Type: Acquisition

    BUYERS:
  • Centennial Resource Development
  • Riverstone Holdings LLC
    • SELLERS:
  • Silverback Exploration, LLC
    • DETAILS:

    COST: 855 $MM

    VOLUMES: 3.5 MBOE/d

    ACRES: 35000 Acres

    REGIONS:
  • Permian Basin
  • Wolfcamp
  • Bone Spring Sands