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Centennial Resource Development, Inc. (“Centennial”) is an independent oil and natural gas company focused on the development and acquisition of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin.

At the time of REL’s investment, Centennial’s assets included 42,500 net acres, predominantly located in the southern portion of the Delaware Basin, approximately 7,000 boepd net production and an inventory of over 1,300 drilling locations.

Centennial is led by Mark Papa who brings 45 years of operating experience and a strong track record, including as Chairman, Director and CEO of EOG Resources.

The investment is publicly listed on the NASDAQ stock exchange in the United States (NASDAQ: CDEV).