Centennial Resource Development Inc.

Centennial Resource Development Inc. today announced first quarter 2020 financial and operational results and updated 2020 operational plans. Recent Financial and Operational Highlights Reduced current operated rig count from five to zero Initiated plan to reduce annual G&A expenses by approximately 30% on an annualized basis Decreased unit costs sequentially during the first quarter Hedged significant amount of second [...]

Centennial Resource Development Inc. announced today that it will report first quarter 2020 financial and operating results after the market closes for trading on May 4, 2020. Management will host an earnings conference call on May 5, 2020 at 8:00 a.m. Mountain . Interested parties are invited to participate on the call by dialing 789-3525, or 268-1041 for international calls, at least 15 minutes prior to the start of the [...]

Centennial Resource Development Inc. today announced that its operating subsidiary, Centennial Resource Production, LLC , has commenced offers to all Eligible Holders to exchange any and all of their outstanding 5.375% Senior Notes due 2026 and outstanding 6.875% Senior Notes due 2027 for up to $250 million aggregate principal amount of newly issued 8.00% Second Lien Senior Secured Notes due 2025 and up to $200 million [...]

Centennial Resource Development Inc. 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 31, 2020. As a result, the Board of Directors’ previously announced leadership transition will be effective April 1, 2020. Current Director [...]

As a result of the recent decline in crude oil prices and ongoing uncertainty regarding the oil supply-demand macro environment, Centennial Resource Development Inc. today announced that it has reduced its operated rig program from five rigs at the beginning of the month to one currently. As a result, the Company anticipates that its capital expenditure budget for 2020 will be approximately fifty percent lower than the [...]

Centennial Resource Development Inc. today announced that Sean R. Smith, Vice President and Chief Operating Officer, and George S. Glyphis, Vice President and Chief Financial Officer, are scheduled to participate in the Credit Suisse Energy Summit in Vail, Colorado on March 2, 2020. About Centennial Resource Development, Inc. Centennial Resource Development Inc. is an independent oil and natural gas company focused on the [...]

Centennial Resource Development Inc. today announced 2019 financial and operational results and 2020 operational plans and targets. Recent Financial and Operational Highlights Increased daily oil and equivalent production volumes 23% and 25% year-over-year, respectively Announced strong co-development results from the Northern and Southern Delaware Basins Announced the divestiture of water infrastructure assets for $225 [...]

Centennial Resource Development Inc. announced today that it will report fourth quarter and full year 2019 financial and operating results after the market closes for trading on February 24, 2020. Management will host an earnings conference call on February 25, 2020 at 8:00 a.m. Mountain . Interested parties are invited to participate on the call by dialing 789-3525, or 268-1041 for international calls, at least 15 [...]

Centennial Resource Development Inc. today announced financial and operational results for the third quarter 2019. Financial and Operational Highlights: Reported 17 percent increase in daily oil and 21 percent increase in total equivalent production volumes year-over-year Increased 2019 oil and total company production growth targets to 22 percent, while maintaining original capital budget Reduced drilling and completion [...]

Centennial Resource Development Inc. 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 extensive background in the oil and gas industry, senior [...]