Centennial Resource Development Inc.
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About
Centennial Resource Development is an independent oil producer with assets in the core of the Delaware Basin, a sub-basin of the Permian Basin in West Texas. With approximately 80,100 net acres and 2,400 drilling locations, we are pursuing a growth strategy grounded in technical leadership, strong well results, attractive investment returns and a conservative balance sheet. Centennial is headquartered in Denver.
Transactions
Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners
Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners
Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners
Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners
Marketed: Centennial Resource Development Operated Delaware Basin Asset
Marketed: Centennial Resource Development Operated Delaware Basin Asset
Marketed: Centennial Resource Production Operated Delaware Basin Acquisition / Farm-in
Marketed: Centennial Resource Production Operated Delaware Basin Acquisition / Farm-in
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New Financings
Issued 3.25% convertible senior notes due 2028. Proceeds were used to redeem at par the $127.1 million 8.…
Launched offer to exchange outstanding 2026 and 2027 notes for up to $250 million of newly issued second…
Centennial Resource Development Inc. said that its subsidiary, Centennial Resource Production LLC, has…
Priced an underwritten public offering of an aggregate of 25 million shares of Class A common stock.
Centennial Resource Development Inc. has commenced an underwritten public offering of an aggregate of 25…
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News
Permian Resources Corp. Debuts Upon Closing of Centennial, Colgate Merger
Newly formed Permian Resources is the largest pure-play E&P company in the Delaware Basin with roughly 180,000 net acres across southeastern New Mexico and West Texas.
Centennial, Colgate Energy’s $4 Billion Betrothal a Suitable Match
Analysts consider the deal, which addresses Centennial’s inventory concerns while also sparing Colgate Energy from a potentially uphill IPO climb, as a sign of things to come in the Permian Basin.
Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
The $7 billion “merger of equals transaction” of Centennial Resource Developement and Colgate Energy will create the largest pure-play E&P company in the Delaware Basin of the Permian.
Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners
The properties sold include approximately 6,200 net leasehold acres located on the southernmost portion of Permian Basin pure-play Centennial Resource Development’s Reeves County, Texas position.
Marketed: Centennial Resource Development Operated Delaware Basin Asset
Centennial Resource Development retained TenOaks Energy Advisors as its exclusive adviser in the sale of its Big Chief asset located in the southern Delaware Basin in Reeves County, Texas.
DUG Permian: Utilizing Data to Drive Capital Efficiency with Centennial Resource Development
Learn how Centennial Resource Development is using machine learning to optimize completion techniques and drive capital efficiency.
Marketed: Centennial Resource Production Operated Delaware Basin Acquisition / Farm-in
Centennial Resource Production Inc. exclusively retained Eagle River Energy Advisors LLC to divest or farm out certain operated leasehold assets in the Delaware Basin of Reeves County, Texas.
Best of This Week’s Drilling Activity Highlights (April 9, 2021)
EOG Resources Austin Chalk wells, Diamondback and Centennial completions in the Permian’s Delaware Basin plus more drilling planned by Shell at its Blacktip prospect in the U.S. Gulf of Mexico top this week’s oil and gas drilling activity highlights from around the world.
Best of This Week’s Drilling Activity Highlights (Aug. 14, 2020)
A Haynesville completion by XTO Energy plus Centennial Resource Development Bone Spring discoveries on the Carlsbad Shelf in the Permian Basin top this week’s drilling activity highlights from around the world.
Centennial Terminates $225 Million Water Infrastructure Transaction
Houston-based WaterBridge Resources agreed in late February to acquire Centennial Resource Development’s Permian water assets in a $225 million transaction that was expected to close at the end of the first quarter.
Centennial Resource Development Shuts Majority of Wells, Cuts Management Pay
An internal mail dated April 29, seen by Reuters, showed Centennial Resource Development plans to run just 162 of its roughly 400 wells and was on course to shut 242 if the oil market situation does not change.
US Shale Producers Prepare To Adjust Amid Volatility, Coronavirus
Continued fears about the coronavirus, demand uncertainty and OPEC moves are adding to a growing list of challenges for U.S. shale players.
Centennial Resource Development Sells Off Permian Water Assets For $225 Million
Upon closing of the acquisition, WaterBridge will handle all of Centennial Resource Development's produced water in the southern Delaware Basin.
Mark Papa To Retire From Centennial Resource Development
Following Mark Papa’s retirement, the board of Permian shale operator Centennial Resource Development has decided to separate the roles of chairman and CEO.
A&D Trends: ‘Times Have Changed’
Centennial Resource Development Inc.’s CEO Mark Papa says he expects shale production to grow by just 400,000 barrels per day in 2020.