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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

Report Date Amount (MM) Description
2022-09-01 $3,900.00

Permian Operators Colgate, Centennial to Combine in $7 Billion Merger

Permian Operators Colgate, Centennial to Combine in $7 Billion Merger

Report Date Amount (MM) Description
2021-12-01 $101.00

Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners

Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners

Report Date Amount (MM) Description
2021-12-01 $101.00

Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners

Centennial Completes Asset Sale to Henry Resources, Pickering Energy Partners

Report Date Amount (MM) Description
2021-09-23 --

Marketed: Centennial Resource Development Operated Delaware Basin Asset

Marketed: Centennial Resource Development Operated Delaware Basin Asset

Report Date Amount (MM) Description
2021-04-30 --

Marketed: Centennial Resource Production Operated Delaware Basin Acquisition / Farm-in

Marketed: Centennial Resource Production Operated Delaware Basin Acquisition / Farm-in

Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

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New Financings

Report Date Type Amount (MM) Description
2021-05-04 Centennial Resource Development Inc. Debt $170.00

Issued 3.25% convertible senior notes due 2028. Proceeds were used to redeem at par the $127.1 million 8.…

Report Date Type Amount (MM) Description
2020-04-22 Centennial Resource Development Inc. Debt $450.00

Launched offer to exchange outstanding 2026 and 2027 notes for up to $250 million of newly issued second…

Report Date Type Amount (MM) Description
2019-03-12 Centennial Resource Development Inc. Debt $500.00

Centennial Resource Development Inc. said that its subsidiary, Centennial Resource Production LLC, has…

Report Date Type Amount (MM) Description
2018-03-06 Centennial Resource Development Inc. Equity --

Priced an underwritten public offering of an aggregate of 25 million shares of Class A common stock.

Report Date Type Amount (MM) Description
2017-11-08 Centennial Resource Development Inc. Equity $505.00

Centennial Resource Development Inc. has commenced an underwritten public offering of an aggregate of 25…

Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Private E&Ps Pursue Dollars Amid Change

Producers contend with roiled capital markets as consolidation alters the strategic landscape.

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.