Post Tagged with: "Centennial Resource Development"

Centennial Resource Development, Inc. announces extension of early tender date of the Exchange Offers and Consent Solicitations

Centennial Resource Development, Inc. announces extension of early tender date of the Exchange Offers and Consent Solicitations

Oil and Gas 360


DENVER, May 06, 2020 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that its operating subsidiary, Centennial Resource Production, LLC (“CRP”), has extended the date by which early tenders …

Banks rush to rein in financing for oil firms

Banks rush to rein in financing for oil firms

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 …

Centennial resource development announces leadership changes

Centennial resource development announces leadership changes

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 …

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

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

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.

People on the Move: Steven J. Shapiro appointed to Centennial Resources Dev board - oil and gas 360

“We …

Centennial Resource Development Equity Private Placements Now Total $910 Million

Heard on the Call: Mark Papa Weighs In

“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

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Centennial Waits for A More Favorable Oil Market

“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

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

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

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

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

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

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 …

Courtesy of RSP Permian

Futures Curve with Severe Backwardation is Laughable: Papa

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 …

Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial Resource Development Plans ~$1 Billion 2018 CapEx

Delaware Basin producer Centennial Resource Development, Inc. (ticker: CDEV) had average daily oil and total equivalent production volumes of 19,161 Bbls/d and 31,864 BOEPD, respectively. Centennial said that these production volumes represent an increase of 233% for daily oil and …

No Slowing the Permian Land Grab: Centennial Resource Development Enters the Northern Delaware

No Slowing the Permian Land Grab: Centennial Resource Development Enters the Northern Delaware

Raising our 2020 oil production target to 60,000 BOPD: Centennial CEO Mark Papa

Denver’s Centennial Resource Development, Inc. (ticker: CDEV) said on Monday it is acquiring undeveloped acreage and producing oil and gas properties in the core of the Northern …

Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial readies itself for a busy 2017 in the Permian

Centennial Resource Development, Inc. and its affiliates (ticker: CDEV) has entered into agreements to issue and sell $910 million of equity securities to third-party investors in a private placement, including …

Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial Resource Development Acquires 35,000 Delaware Basin Acres

$855 million purchase gives Centennial about 77,000 acres in one of America’s hottest oil plays

Denver-based Centennial Resource Development (ticker: CDEV) announced Monday that it has agreed to acquire 100% of the leasehold interests and related upstream assets from Silverback …

Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial Resource Development: The Next Core Delaware Pure Play

Centennial Resource Development launches its new website: www.CDEVinc.com

A newly formed oil and gas E&P company, Centennial Resource Development (ticker: CDEV), (www.CDEVinc.com) is the Southern Delaware’s newest player, though its executive team and board of directors are anything …

Silver Run Jumps into the Delaware with Acquisition of 89% Interest in Centennial Resources

Silver Run Jumps into the Delaware with Acquisition of 89% Interest in Centennial Resources

Former EOG CEO Mark Papa completes acquisition of Delaware Basin pure-play Centennial Resources

Silver Run Acquisition Corporation announced today that it completed its acquisition of an 89% controlling interest in Centennial Resource Production, a pure-play Delaware Basin company with 42,500 …

Silver Run Purchases Centennial Resources

Silver Run Purchases Centennial Resources

Mark Papa’s Silver Run will own 89% interest in Centennial

Silver Run Acquisition Corporation (ticker: SRAQ), a special purpose acquisition company (SPAC) run by former 14-year EOG Resources (ticker: EOG) CEO Mark Papa, agreed to purchase approximately 89% interest in …

Riverstone Acquires $175 Million Majority Stake in NGP’s Centennial Resource Development

Riverstone Acquires $175 Million Majority Stake in NGP’s Centennial Resource Development

Riverstone Energy Limited (ticker: RSE) has signed an agreement alongside other funds affiliated with Riverstone Holdings, LLC to acquire a majority stake in Centennial Resource Development LLC from NGP Energy Capital and certain other related coinvestment funds.

The investment by …