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Centennial Resource Development Inc (CDEV.OQ)

CDEV.OQ on NASDAQ Stock Exchange Capital Market

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16 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Centennial Resource Development Says No Longer Targeting Production Goal Of 65,000 Barrels Of Oil Per Day For Calendar Year 2020
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT - NO LONGER TARGETING PRODUCTION GOAL OF 65,000 BARRELS OF OIL PER DAY FOR CALENDAR YEAR 2020 - SEC FILING.  Full Article

Centennial Resource Development Q2 Earnings Per Share $0.24
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Centennial Resource Development Inc ::CENTENNIAL RESOURCE DEVELOPMENT ANNOUNCES SECOND QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS AND LOWERS 2018 COST GUIDANCE.Q2 EARNINGS PER SHARE $0.24.Q2 EARNINGS PER SHARE VIEW $0.21 -- THOMSON REUTERS I/B/E/S.INTERMOLECULAR INC - AVERAGE DAILY CRUDE OIL PRODUCTION INCREASED 79 PERCENT IN Q2.REMAIN ON TRACK TO ACHIEVE FY PRODUCTION TARGETS WITH LOWER UNIT COSTS."EXPECT NATURAL GAS EGRESS WILL BECOME A SIGNIFICANT ISSUE IN PERMIAN BASIN BY EARLY 2019".LOWERED ITS FULL-YEAR 2018 GUIDANCE RANGES FOR LOE, CASH G&A, GP&T AND DD&A ON A PER UNIT BASIS.CENTENNIAL RESOURCE DEVELOPMENT SEES 2018 NET AVERAGE DAILY PRODUCTION 55,750 BOE/D - 64,250 BOE/D.QTRLY OIL AND GAS SALES $217.8 MILLION VERSUS $91.1 MILLION.  Full Article

Centennial Resource Development announces pricing of upsized $400 mln private offering of senior unsecured notes due 2026
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Centennial Resource Development Inc :Centennial Resource Development, Inc. announces pricing of upsized $400 million private offering of senior unsecured notes due 2026.Centennial Resource Development says unit ‍centennial resource production priced previously announced private offering of senior unsecured notes due 2026​.Centennial Resource Development - The ‍2026 notes, priced at par, will mature on January 15, 2026 and will pay interest at an annual rate of 5.375%​.  Full Article

Centennial Resource Development's ‍unit entered into limited consent and sixth amendment to credit agreement​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Centennial Resource Development Inc :Centennial Resource Development says on Nov 10, ‍unit entered into limited consent and sixth amendment to amended and restated credit agreement​.Centennial Resource Development - ‍amendment provides for waiver of automatic reduction of borrowing base under credit agreement.Centennial Resource Development - ‍amendment to remove cap on amount of notes which CRP & guarantors under credit agreement are permitted to incur​.  Full Article

Centennial Resource Development announces $350 mln private offering of senior unsecured notes due 2026
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Centennial Resource Development Inc -:Centennial Resource Development, Inc. Announces $350 million private offering of senior unsecured notes due 2026.Centennial Resource Development-‍CRP intends to use net proceeds from notes offering to repay all borrowings under its credit facility​, among others.  Full Article

Centennial Resource Development announces pricing of secondary public offering of class A common stock
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Centennial Resource Development Inc :Centennial Resource Development Inc announces pricing of secondary public offering of class A common stock.Centennial Resource Development Inc - pricing of 25 million shares of class A common stock by riverstone vi centennial qb holdings, others.  Full Article

Centennial Resource Development announces secondary public offering of Class A common stock
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Centennial Resource Development Inc ::Centennial Resource Development announces secondary public offering of Class A common stock.Announced commencement of underwritten public offering of an aggregate of 25 million shares of Class A common stock​.  Full Article

Centennial Resource posts Q3 EPS of $0.06
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Centennial Resource Development Inc :Centennial resource development announces third quarter 2017 financial and operational results and increases 2017 production targets.Q3 earnings per share $0.06.Q3 earnings per share view $0.05 -- Thomson Reuters I/B/E/S.Qtrly ‍total net revenues $111.6 million versus $27.3 million.Increased 2017 total co production growth target from 250% to 256%,raised total oil production growth target from 213% to 216%‍​.Q3 revenue view $104.8 million -- Thomson Reuters I/B/E/S.  Full Article

Centennial Resource Development's unit enters fifth amendment to amended and restated credit agreement​
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Centennial Resource Development Inc :Centennial Resource Development Inc - ‍on November 2, 2017, co.'s unit entered into certain fifth amendment to amended and restated credit agreement​.Centennial Resource Development Inc - ‍fifth amendment increases borrowing base under credit agreement from $350 million to $575 million.Centennial Resource Development Inc - ‍fifth amendment increases aggregate maximum revolving credit amounts from $500 million to $1 billion - SEC filing.Centennial Resource Development- ‍fifth amendment to amended, restated credit, amends amended and restated credit agreement, dated as of Oct. 15, 2014​.  Full Article

RPT-UPDATE 1-U.S. shale producers hit the brakes on 2019 spending

NEW YORK/HOUSTON, Dec 21 U.S. shale producers are slamming the brakes on next year's drilling with crude prices off 40 percent and mounting fears of oversupply, paring budgets that in some cases were set only weeks earlier.