Oil and Gas
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Centennial Resource Development, Inc. operates as oil and natural gas company. It focuses on the development of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. Read More The company was founded in October 2014 and is headquartered in Denver, CO.
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Oil and Gas
Stock Price, News, & Analysis for Centennial Resource Development
Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico. As of December 31, 2017, it leased or acquired approximately 84,718 net acres; and operated 181 produci...
Houston ChronicleMar 13
Future of shale: Early goings or seventh inning?
A major debate over the future of the U.S. oil and gas sector focuses on the long-term viability of the shale revolution. Is it nearing its peak or is there plenty of room for more sustained growth and technological innovation? That's the question that many energy executives are debating this week at the CERAWeek conference in Houston. Making the comparison to a baseball game, shale pioneer Mark Papa, now the chief executive of Centennial Resource Development, argued the industry has entered the late inni...
Markets InsiderMar 12
Centennial Resource Development, Inc. Announces Pricing of $500 Million Private Offering of Senior Unsecured Notes due 2027
DENVER, March 12, 2019 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that its subsidiary, Centennial Resource Production, LLC (“CRP”), has priced its previously announced private offering (the “Notes Offering”) of senior unsecured notes due 2027 (the “2027 Notes”). The 2027 Notes, which priced at 99.235% of the aggregate principal amount, will mature on April 1, 2027 and will pay interest at an annual rate of 6.875%. The 2027 Notes w...
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