About Centennial Resource Development
About Centennial Resource Development
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About Our Company

Our Company

Centennial Resource Development is an independent oil producer focused in the southern Delaware Basin. Centennial was formed in 2016 through the business combination of Centennial Resource Production, LLC and Silver Run Acquisition Corporation, a special purpose acquisition company formed by Mark Papa, our CEO, and Riverstone Holdings, LLC, an energy private equity fund. Centennial is headquartered in Denver, Colorado.

Core Acreage Position

Our assets are located primarily in Reeves County in the core of the southern Delaware Basin, a sub-basin of the Permian. The Permian Basin represents one of the most attractive operating areas in the United States due to its favorable operating environment, stacked pay potential, high oil content, extensive infrastructure base, significant service provider network, and historically high drilling success rates. We believe activity in the Delaware Basin will continue to evolve as new drilling completion techniques and enhanced development practices are employed. While we have developed our acreage primarily in the Wolfcamp zone, we believe the Avalon and Bone Spring shales are prospective on our leasehold.

Disciplined Financial Management

We intend to maintain a conservative balance sheet to preserve financial flexibility through commodity cycles. We believe strong liquidity, low debt levels and modest leverage are competitive advantages in any industry environment. Additionally, we plan to invest our capital judiciously and maintain a low cost structure.