Centennial Resource Development, Inc. (“Centennial”) is an independent oil producer with assets in the core of the southern Delaware Basin, a sub-basin of the Permian Basin in West Texas. With approximately 75,500 net acres and 15+ years of economic inventory, 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.
At the time of REL’s investment in 2016, 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.
The investment is publicly listed on the NASDAQ stock exchange in the United States (NASDAQ: CDEV).
Find out more on the Centennial Resource Development website.