Permian Resources Corp. and Earthstone Energy, Inc. on Monday agreed to combine in a $4.5 billion transaction to create a Delaware sub-basin exploration and production (E&P) independent with 400,000-plus net acres and pro forma natural gas and oil output of 300,000 boe/d. Permian Resources was formed last year in a $7 billion merger between Centennial…
Articles from Centennial
Centennial Resource Development Inc. executives said the firm ramped up oil production and capitalized on high commodity prices in the second quarter, putting it in an enviable position as it nears the close of a $7 billion merger of equals. The Denver-based company, focused mostly in the Permian Basin, agreed in May to a tie-up…
Denver-based Centennial Resource Development Inc., whose operations are focused on the Permian Basin, is sticking to its guidance of upping production by 10-15% this year. In an earnings call, CEO Sean Smith said the company was holding to its current two-rig program. “Should we want to add a third rig in the future because prices…
Permian Basin midstream water player Waterbridge Holdings LLC is adding more produced water infrastructure in West Texas by taking over assets of a subsidiary of Centennial Resource Development Inc.
Denver-based Centennial Resource Development Inc. Chairman and CEO Mark Papa, an industry icon before he took over in 2016, is planning to give retirement another go, but he is not going quietly, and per usual offered his take on the markets on Wednesday.
Permian Basin pure-play Centennial Resource Development Corp., like other operators across the basin, is pinning its expectation for higher Waha natural gas prices on stronger summer demand in Texas and the start up of one pipeline that isn’t set to ramp until later this year.
Centennial Resource Development Inc., which has placed its flag in the Permian Basin’s Delaware formation, plans to pursue more bolt-on acquisitions this year and continue to explore additional horizons across existing acreage with a lower rig count and reduced spending.
Denver-based Centennial Resource Development Inc. continues to bolt on acreage in its Permian Basin bastion, as volumes rose and costs declined in the third quarter.
In his inimitable style, Centennial Resource Development Inc. CEO Mark Papa on Wednesday took federal and international energy experts to task and blasted the “groupthink” that bullish U.S. onshore oil supply is going to tank global crude oil prices.
Centennial Resource Development Inc. is planning to spend more this year for its Permian Basin operations in West Texas to prevent constraints in moving its natural gas to markets, CEO Mark Papa said Tuesday.