Current CDEV Stock Info

CDEV likes oil’s prospects and New Mexico well results
Centennial Resource Development, Inc. (ticker: CDEV) reported a net income of $66.1 million, or $0.25 per share for Q1 2018. The company’s average daily net production was 54,069 BOEPD for the quarter.

“We saw consistent well performance during the quarter, with the average well producing approximately 1,200 barrels of oil per day for the initial 30-day production period,” Chairman and CEO Mark G. Papa said. “These well results coupled with low unit costs were key to giving us very stro...

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