Investor Relations

2017 Press Releases

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05/25/17Stockholders of Centennial Resource Development Approve Issuance of Class A Common Shares Upon Conversion of Series B Preferred Shares
DENVER, May 25, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (the “Company”) (NASDAQ:CDEV) today announced that its stockholders have voted to approve the issuance of 26,100,000 shares of the Company’s Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”), upon the conversion of 104,400 shares of the Company’s Series B Preferred Stock, par value $0.0001 per share (the “Series B Preferred Stock”), that were issued and sold to affiliates of Riverstone I... 
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05/10/17Centennial Resource Development Announces First Quarter 2017 Operational and Financial Results
DENVER, May 10, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ:CDEV) today announced its operating and financial results for the first quarter 2017. On October 11, 2016, the Company completed its acquisition of an approximate 89% membership interest in Centennial Resource Production, LLC (“CRP”). Centennial now owns approximately 92.4% of CRP, and the interest in CRP is its only significant asset. Operational and Financial Highlights: ... 
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05/05/17Centennial Resource Development Announces Commitments for Private Placement of Equity
DENVER, May 05, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ:CDEV) today announced that it entered into an agreement to issue and sell 23.5 million shares of its Class A Common Stock to third-party investors in a private placement for gross proceeds of approximately $341 million. Centennial expects to use the net proceeds from the offering to fund its pending acquisition of certain undeveloped acreage and producing oil and gas propertie... 
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05/01/17Centennial Resource Development Announces Strategic Entry into Northern Delaware Basin and Increases 2020 Oil Production Target to 60,000 Barrels Per Day
DENVER, May 01, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ:CDEV) today announced that it entered into a definitive agreement to acquire certain undeveloped acreage and producing oil and gas properties in the core of the Northern Delaware Basin from GMT Exploration Company (“GMT”) for total consideration of approximately $350 million in cash, subject to purchase price adjustments and customary closing conditions. Pro-forma for the pend... 
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04/26/17Centennial Resource Development, Inc. Announces First Quarter 2017 Earnings Conference Call
DENVER, April 26, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc., together with its affiliates (“Centennial” or the “Company”) (NASDAQ:CDEV), announced today that it will report first quarter 2017 financial and operating results after the market closes for trading on May 10, 2017.  Management will host an earnings conference call on May 11, 2017 at 8:00 a.m. Mountain (10:00 a.m. Eastern).  Interested parties are invited to participate on the call by dialing (800) 789-3525, or (... 
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04/06/17Centennial Resource Development Announces the Completion of the Cashless Exercise and Redemption of its Public Warrants
DENVER, April 06, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. together with its affiliates (“Centennial” or the “Company”) (NASDAQ:CDEV), announced today the results of the previously announced redemption of its outstanding warrants originally sold as part of units in its initial public offering (the “Public Warrants”). From March 1, 2017 through the expiration of the redemption period on March 31, 2017 (the “Redemption Date”), approximately 99.4% of the Company’s outstandin... 
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03/24/17Centennial Resource Development to Present at the Scotia Howard Weil Energy Conference
DENVER, March 24, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ:CDEV) (NASDAQ:CDEVW) today announced that Mark G. Papa, Chairman and Chief Executive Officer, is scheduled to present at the Scotia Howard Weil Energy Conference in New Orleans, Louisiana on Tuesday, March 28, 2017 at 3:45 p.m. Central. The presentation will not be webcast; however, the presentation materials used at the conference will be available on Centennial's websit... 
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03/22/17Centennial Resource Development Announces Full Year 2016 Results, Year-End 2016 Reserves and 2017 Operational and Financial Guidance
DENVER, March 22, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ:CDEV) (NASDAQ:CDEVW) today announced its operating and financial results for full year 2016. On October 11, 2016, the Company completed its acquisition of an approximate 89% membership interest in Centennial Resource Production, LLC (“CRP”). Centennial now owns approximately 92% of CRP, its only significant asset. As a result, the following operational and financial data ref... 
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03/16/17Centennial Resource Development, Inc. Announces Full Year 2016 Earnings Conference Call
DENVER, March 16, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc., together with its affiliates (“Centennial” or the “Company”) (NASDAQ:CDEV) (NASDAQ:CDEVW), announced today that it will report full year 2016 financial and operating results after the market closes for trading on March 22, 2017.  Management will host an earnings conference call on March 23, 2017 at 8:00 a.m. Mountain (10:00 a.m. Eastern).  Interested parties are invited to participate on the call by dialing (800)... 
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02/27/17Centennial Resource Development Announces its Intention to Deliver Notice of Redemption of Warrants
DENVER, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. together with its affiliates (“Centennial” or the “Company”) (NASDAQ:CDEV) (NASDAQ:CDEVW), announced today that it intends to deliver a notice on March 1, 2017 for the redemption of all of its outstanding warrants originally sold as part of units in its initial public offering in February 2016 (the “Public Warrants”).  “We are very pleased to undertake this important step towards simplifying our capital structur... 
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02/09/17Centennial Resource Development to Participate in Credit Suisse Energy Summit
DENVER, Feb. 09, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. together with its affiliates (“Centennial” or the “Company”) (NASDAQ:CDEV) (NASDAQ:CDEVW), announced today that George S. Glyphis, Vice President and Chief Financial Officer, is scheduled to participate in the Credit Suisse Energy Summit in Vail, Colorado on February 13 – 14, 2017. The presentation materials to be used during the conference were previously used at the Goldman Sachs Global Energy Conference and p... 
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01/31/17Centennial Resource Development Provides Update Regarding Its Acquisition of the Upstream Assets of Silverback Exploration
DENVER, Jan. 31, 2017 (GLOBE NEWSWIRE) -- As previously announced, on December 28, 2016, Centennial Resource Development, Inc. together with its affiliates, including Centennial Resource Production, LLC (“Centennial” or the “Company”) (NASDAQ:CDEV) (NASDAQ:CDEVW), completed the acquisition of leasehold interests and related upstream assets in Reeves County, Texas from Silverback Exploration, LLC and Silverback Operating, LLC (collectively, “Silverback”).  The acquired acreage included 11,694 n... 
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01/05/17Centennial Resource Development to Participate in the Goldman Sachs Global Energy Conference
DENVER, Jan. 05, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. together with its affiliates (“Centennial” or the “Company”) (NASDAQ:CDEV) (NASDAQ:CDEVW), announced today that Mark G. Papa, Chairman and Chief Executive Officer, and George S. Glyphis, Vice President and Chief Financial Officer, are scheduled to participate in the Goldman Sachs Global Energy Conference in Orlando, Florida on Friday, January 6, 2017. The presentation materials used at the conference will be ava... 
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