NYSE: CDEV
Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.
Upstream · Permian Basin E&P
Centennial Resource Development
Centennial Resource Development is a Houston-based independent oil and natural gas company focused on the development of unconventional resources in the Permian Basin.
Centennial Resource Development is a pure-play Permian Basin exploration and production company headquartered in Houston. The company focuses on the development of crude oil and associated liquids-rich natural gas assets in West Texas and southeastern New Mexico. Centennial operates high-quality acreage in the Delaware Basin, one of the most prolific sub-basins within the greater Permian. The company emphasizes capital-efficient development with a focus on free cash flow generation and shareholder returns.
Centennial was formed in 2016 through a merger between Centennial Resource Production and Silver Hill Energy Partners. The company was built around a high-quality Delaware Basin acreage position assembled by the management team and backed by NGP Energy Capital Management. Centennial went public in 2016 and has since grown through organic development and strategic bolt-on acquisitions to become a significant Permian operator.
Centennial's operations are concentrated in the Delaware Basin of the Permian, primarily in Reeves and Ward counties, Texas, and Lea County, New Mexico. The company targets multiple productive formations including the Wolfcamp and Bone Spring intervals. Centennial operates a multi-rig drilling program focused on maximizing capital efficiency and returns through optimized well spacing and completion designs.
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