Centennial Resource Development

Centennial Resource Development and Colgate Energy complete combination, forming Permian Resources Corporation

September 1, 2022

Oil & Gas 360 MIDLAND, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) — Permian Resources Corporation (“Permian Resources” or the “Company”) today announced the successful completion of the combination of Centennial Resource Development, Inc. (“Centennial”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”). Permian Resources Highlights Largest pure-play E&P company in the Delaware Basin Deep inventory of high-quality drilling locations on ~180,000 net acres Unique combination of attractive growth

Exclusive: Centennial Resource Development at The Oil & Gas Conference

September 13, 2021

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 81,700 net acres, 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, Colorado. Download Slide

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

August 26, 2021

Oil & Gas 360 Publisher’s Note: Thank you to our sponsors, presenters and attendees for their continued support and making EnerCom’s The Oil & Gas Conference 2021 a continued success! Replays are now available to watch. Sponsors of The Oil & Gas Conference® 26 include: Netherland, Sewell & Associates, Moss Adams LLP, Enverus, Bloomberg, CAC Specialty, Haynes and Boone, LLP, SMBC, AEGIS Hedging, Rystad

Centennial Resource Development announces reaffirmation of borrowing base and improvement to liquidity position

October 14, 2020

Oil and Gas 360 DENVER, Oct. 13, 2020 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that its bank group, led by JPMorgan Chase Bank, N.A., has reaffirmed the Company’s $700 million borrowing base. As a result, given a reduction in revolver borrowings and outstanding letters of credit, Centennial’s liquidity position has improved

Banks rush to rein in financing for oil firms

April 26, 2020

Energy World NEW YORK: The twice-a-year evaluation of energy borrowers’ reserve-based loans has taken on more significance than ever as banks seek to cut their exposure to oil and gas companies amid the global Covid-19 pandemic that has caused demand for oil to plummet and a price war between Russia and Saudi Arabia that has flooded the market with crude. Lenders are grappling with

Centennial resource development announces leadership changes

March 27, 2020

Centennial Resource Development DENVER, March 27, 2020 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced it is implementing its previously announced leadership transition plan in light of the fact that Mark G. Papa has elected to accelerate the timing of his retirement as Chairman and Chief Executive Officer of the Company to March

People on the move: Steven J. Shapiro appointed to Centennial Resources Dev board

October 17, 2019

Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Steven J. Shapiro has been appointed to its Board of Directors, effective immediately. Mr. Shapiro will serve as a member of the Audit and Compensation Committees. “We are pleased to welcome Steve to our Board of Directors,” said Mark G. Papa, Chairman and Chief Executive Officer. “His

Centennial Resource Development Equity Private Placements Now Total $910 Million

Heard on the Call: Mark Papa Weighs In

May 7, 2019

“We think the setup is positive for prices in the $65 to $75 WTI range by year-end 2019” By Richard Rostad, analyst, Oil & Gas 360 Oil and gas titan Mark Papa weighed in on the state of the industry today, during Centennial Resource Development’s (ticker: CDEV) conference call. “Oil prices have obviously rebounded strongly relative to early this year,”

Centennial Waits for A More Favorable Oil Market

February 26, 2019

“We don’t intend to pursue significant production growth in a $55 oil world” By Richard Rostad, analyst, Oil & Gas 360 Centennial Resource Development (ticker: CDEV) announced fourth quarter results and reserves today, showing earnings of $31.0 million, or $0.12 per share. This is almost perfectly in line with Centennial’s Q4 2017 results, when the company earned $30.5 million. Full-year

‘Most Corporate M&As are Value Destructive’: Papa

November 6, 2018

Centennial Resource Development CEO says 2020 plan looks to organic growth, is not targeting big M&A deals Centennial Resource Development (ticker: CDEV) announced third quarter results today, showing net income of $39.3 million, or $0.15 per share. Centennial produced 62.9 MBOEPD in Q3, up 81% from last year and up 9% from Q2 2018. The company spent $273.6 million this

Delaware Basin Producer Centennial Resource Development Presenting at The Oil and Gas Conference

July 3, 2018

Centennial Resource Development, Inc. (Nasdaq: CDEV) Company Overview 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. Summary Q1-2018 Revenue: $ 216 million Q1-2018 Production: 54 (MBOE/day) Total Common Stock Outstanding: 264 million Enterprise Value: $ 5.2

Futures Curve with Severe Backwardation is Laughable: Papa

May 9, 2018

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

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