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Centennial Resource Development Inc (CDEV.OQ)

CDEV.OQ on NASDAQ Stock Exchange Capital Market

5.80USD
16 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Centennial Resource Development Q2 Earnings Per Share $0.07
Tuesday, 6 Aug 2019 

Aug 5 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT ANNOUNCES SECOND QUARTER 2019 FINANCIAL AND OPERATIONAL RESULTS AND INCREASES 2019 PRODUCTION TARGETS WHILE LOWERING COST GUIDANCE.Q2 EARNINGS PER SHARE $0.07.Q2 EARNINGS PER SHARE ESTIMATE $0.10 -- REFINITIV IBES DATA.REPORTED 38 %INCREASE IN DAILY OIL AND 32% INCREASE IN EQUIVALENT PRODUCTION VOLUMES IN QUARTER.INCREASED 2019 OIL AND TOTAL COMPANY PRODUCTION GUIDANCE BY 5 PERCENT AND 8 PERCENT, RESPECTIVELY.PLAN TO REDUCE OPERATED RIG COUNT FROM SIX TO FIVE IN SEPTEMBER 2019.REDUCED FULL-YEAR UNIT COST GUIDANCE AS A RESULT OF YEAR-TO-DATE COST DISCIPLINE.QTRLY AVERAGE DAILY CRUDE OIL PRODUCTION INCREASED 38% TO 43,105 BARRELS OF OIL PER DAY.MAINTAINING FY INITIAL CAPITAL EXPENDITURE GUIDANCE.QTRLY OIL AND GAS SALES$244.2 MILLION VERSUS $217.8 MILLION.Q2 REVENUE VIEW $237.7 MILLION -- REFINITIV IBES DATA.  Full Article

Centennial Resource Development Enters Amendment To Credit Agreement
Thursday, 2 May 2019 

May 1 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT INC - ENTERED INTO FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT.CENTENNIAL RESOURCE DEVELOPMENT INC - FIRST AMENDMENT INCREASED BORROWING BASE FROM $1.0 BILLION TO $1.2 BILLION..CENTENNIAL RESOURCE DEVELOPMENT - FIRST AMENDMENT ALSO DECREASED INTEREST RATES APPLICABLE TO BORROWINGS MADE BY CRP UNDER REVOLVING CREDIT FACILITY.  Full Article

Centennial Resource Development Announces Pricing Of $500 Mln Private Offering Of Senior Unsecured Notes Due 2027
Wednesday, 13 Mar 2019 

March 12 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT, INC. ANNOUNCES PRICING OF $500 MILLION PRIVATE OFFERING OF SENIOR UNSECURED NOTES DUE 2027.CENTENNIAL RESOURCE DEVELOPMENT - 2027 NOTES PRICED AT 99.235% OF AGGREGATE PRINCIPAL AMOUNT AND WILL PAY INTEREST AT AN ANNUAL RATE OF 6.875%.CENTENNIAL RESOURCE DEVELOPMENT- CENTENNIAL RESOURCE PRODUCTION PRICED ITS PREVIOUSLY ANNOUNCED PRIVATE OFFERING OF SENIOR UNSECURED NOTES DUE 2027.  Full Article

Centennial Resource Development Announces $500 Mln Private Offering Of Senior Unsecured Notes Due 2027
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT, INC. ANNOUNCES $500 MILLION PRIVATE OFFERING OF SENIOR UNSECURED NOTES DUE 2027.CENTENNIAL RESOURCE DEVELOPMENT - UNIT TO USE PROCEEDS TO REPAY OUTSTANDING BORROWINGS UNDER REVOLVING CREDIT FACILITY, FOR OTHERS.  Full Article

Centennial Resource Development Announces Full Year 2018 Results, 2018 Year-End Reserves And 2019 Guidance
Tuesday, 26 Feb 2019 

Feb 25 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT ANNOUNCES FULL YEAR 2018 RESULTS, 2018 YEAR-END RESERVES AND 2019 GUIDANCE.CENTENNIAL RESOURCE DEVELOPMENT - Q4 CRUDE OIL PRODUCTION INCREASED 11% TO 39,978 BARRELS OF OIL PER DAY COMPARED TO PRIOR QUARTER.CENTENNIAL RESOURCE DEVELOPMENT INC - SEES 2019 FY NET AVERAGE DAILY PRODUCTION 61,500 BOE/D - 70,500 BOE/D.CENTENNIAL RESOURCE DEVELOPMENT - CURRENT PLANS ARE TO OPERATE A SIX-RIG DRILLING PROGRAM WITH AN ESTIMATED 2019 TOTAL CAPITAL BUDGET OF $765 MILLION TO $925 MILLION.  Full Article

Centennial Resource Development Q3 Earnings Per Share $0.15
Tuesday, 6 Nov 2018 

Nov 5 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT ANNOUNCES THIRD QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS.Q3 EARNINGS PER SHARE $0.15.Q3 EARNINGS PER SHARE VIEW $0.21 -- THOMSON REUTERS I/B/E/S.INCREASED DAILY CRUDE OIL PRODUCTION 15 PERCENT QUARTER-OVER-QUARTER AND 71 PERCENT YEAR-OVER-YEAR.INCREASED DAILY EQUIVALENT PRODUCTION 9 PERCENT QUARTER-OVER-QUARTER AND 81 PERCENT YEAR-OVER-YEAR.QTRLY AVERAGE DAILY CRUDE OIL PRODUCTION INCREASED 71 PERCENT TO 36,027 BARRELS OF OIL PER DAY.REMAIN ON TRACK TO ACHIEVE OUR 2018 PRODUCTION TARGETS.QTRLY OIL AND GAS SALES $234.9 MILLION VERSUS $111.6 MILLION.  Full Article

Centennial Resource Development Says Co, Unit Entered Into Certain Second Amended, Restated Credit Agreement
Tuesday, 8 May 2018 

May 8 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT SAYS CO, UNIT ENTERED INTO CERTAIN SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF MAY 4, 2018 - SEC FILING.CENTENNIAL RESOURCE DEVELOPMENT - SECOND A&R CREDIT AGREEMENT HAS A TERM OF FIVE YEARS FROM EFFECTIVE DATE OF MAY 4, 2018.  Full Article

Riverstone Says Participated In Centennial Share Offering
Friday, 9 Mar 2018 

March 9 (Reuters) - Riverstone Energy Ltd ::‍PRICING OF UNDERWRITTEN PUBLIC OFFERING IN CENTENNIAL OF AGGREGATE OF 25 MILLION SHARES OF CLASS A STOCK​.‍PARTICIPATED FOR PROPORTIONAL SHARE OF OFFERING OF CENTENNIAL, RESULTING IN SALE OF 4.4 MILLION SHARES AT $19.50 PER SHARE​.  Full Article

Centennial Resource Development Announces Pricing Of Secondary Public Offering Of Class A Common Stock
Tuesday, 6 Mar 2018 

March 6 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT, INC. ANNOUNCES PRICING OF SECONDARY PUBLIC OFFERING OF CLASS A COMMON STOCK.CENTENNIAL RESOURCE DEVELOPMENT - PRICED UNDERWRITTEN PUBLIC OFFERING OF 25 MILLION SHARES OF CLASS A COMMON STOCK BY SELLING STOCKHOLDERS​.  Full Article

Centennial Resource Development Reports Q4 Earnings Per Share $0.12
Tuesday, 27 Feb 2018 

Feb 26 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT ANNOUNCES FULL YEAR 2017 RESULTS, 2017 YEAR-END RESERVES, 2018 GUIDANCE AND INCREASES 2020 OIL PRODUCTION TARGET.Q4 EARNINGS PER SHARE $0.12.INCREASED Q4 DAILY CRUDE OIL PRODUCTION 30% QUARTER-OVER-QUARTER.‍INCREASED 2020 OIL PRODUCTION GROWTH TARGET FROM 60,000 TO 65,000 BARRELS PER DAY​.EXPECT TO GROW 2018 CRUDE OIL PRODUCTION APPROXIMATELY 85% YEAR-OVER-YEAR.EXPECT TO INCREASE 2018 TOTAL COMPANY PRODUCTION APPROXIMATELY 86% YEAR-OVER-YEAR.ANNOUNCED FULL YEAR 2018 TOTAL CAPITAL BUDGET OF $885 MILLION TO $1,050 MILLION.QTRLY CRUDE OIL PRODUCTION INCREASED 30% TO 27,402 BBLS/D COMPARED TO Q3 2017.CENTENNIAL REPORTED A 125% INCREASE IN YEAR-END 2017 TOTAL PROVED RESERVES TO 186,454 MBOE.  Full Article

UPDATE 1-Centennial Resource CEO sees U.S. oil output growing slower than forecast

Sept 4 Shale pioneer Mark Papa, chief executive officer at Centennial Resource Development Inc, said Tuesday that he expects U.S. oil output will grow by 700,000 barrels per day in 2020, which is slower than government estimates.