Operator · Permian Basin
Permian Resources Corp.
53 articles mentioning Permian Resources Corp. · Page 2 of 3
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Centennial 1Q20: Suspends 2020 D&C Activity, Zero Rigs; Credit Facility Change
Centennial Resource Development, Inc. announced first quarter 2020 financial and operational results and updated 2020 operational plans. Recent Financial and Operational Highlights Reduced current operated rig count from five to zero Initiated plan to reduce annual...
Centennial Axes 2020 Plan Again; Credit Line Cut 42%, Eyes Debt Exchange
In its recent 8-K filing, Centennial Resource Development detailed several important developments. This includes changes to its 2020 plan, including slashing rigs and spending for a second time), senior note exchanges as well as a sizable...
Permian E&P Warns Its Water Midstream Sale Might Not Close
Tucked away in a 8k filed by Centennial Resources, there is a note about the possibility that the company's most recent water midstream PSA might not close under the previously agreed to terms. Back in February...
Centennial Resources Offering Debt Swap
Centennial Resources is looking to exhange its 2026 and 2027 notes.
Permian E&P Adds $26 WTI Hedges; Drops to Single Rig Program (-80%)
Centennial Resource outlined a few steps the company is taking today. The company made the following adjustments: Reduced operated rig program from five rigs to one (decrease of 80%) Anticipates spending 50% less than originally planned...
Centennial Resources Talks 2020; Capex Down (28%), Well Count Down (16%)
Centennial Resource Development, Inc. announced 2019 financial and operational results and 2020 operational plans and targets. 1. The company said Sean is taking over as CEO, and Mark Papa will retire effected June 1, 2020. 2....
Sean Smith Takes Over Centennial Resources; Mark Papa To Retire Again
The Centennial Board of Directors announced Sean R. Smith, current Vice President and Chief Operating Officer, has been promoted to Chief Executive Officer, effective June 1, 2020. Mr. Smith has been appointed in connection with the...
Several E&P's Talk Oilfield Water Management Strategies
The oilfield water market is heating up and E&P companies are actively talking / thinking about different strategies. The main question being asked is whether to take the cash now (from a sale) and risk higher...
Permian E&P Looking To Sell Water Infrastructure
Centennial Resources disclosed today that it is looking to sell it Saltwater disposal system in Reeves County. Here is what Papa said "Given the scale of our operated saltwater disposal system in Reeves County, which is...
Centennial G&A Up; Production Flat; New Wells Results
Centennial Resource Development, Inc. announced financial and operational results for the third quarter 2019. Something interesting is happening with the company, unlike its peers, the company G&A is actually increasing quarter by quarter. Production was bascially...
Centennial Adds Private Equity Exec to Board
Centennial Resource Development, Inc. announced that Steven J. Shapiro has been appointed to its Board of Directors, effective immediately. Mr. Shapiro will serve as a member of the Audit and Compensation Committees. About Shapiro Mr. Shapiro...
Centennial Details Q2 Results, Ops
Centennial Resource Development, Inc. announced financial and operational results for the second quarter 2019. Financial and Operational Highlights: Reported 38 percent increase in daily oil and 32 percent increase in equivalent production volumes year-over-year Increased 2019...
Centennial Ups Oil Production 28% YOY with Flat Rig Count; Touts Latest Well IPs
Centennial Resource Development reported its Q1 2019 results. Here are the highlights from its report and presentation. Q1 Summary Q1 Total Production: 72,000 BOEPD - up +33% YOY Crude Oil Production: 40,508 Bbls/d - up +28%...
Centennial 'Proves Up' 1st Bone Spring / Avalon; Impressive Well Results
Centennial provided the following well results update during its 4Q 2018 update: In Lea County, the Raider Federal 301H and 101H (100% WI) were drilled with approximately 4,250 foot laterals in the First Bone Spring Sand...
Centennial Resource Cut CapEx, Well Activity 14%; Production Growth +8%
Centennial Resource Development has detailed its 2019 capital plans. 2019 Plans - 2019 Capex: $765-925 million (down -15% at the midpoint from 2018) D&C: $605-805 million Facilities, Infrastructure & Other: $120-160 million - Rigs: Six rigs...
Permian Basin Take Over Targets
This is our third itteration of provding you with a list of take over targets. We will be focused on the Permian Basin as we believe it will be the basin of focus for M&A in...
CEOs Papa, Kibsgaard: Another Permian Problem on the Horizon
The Permian has seen an increase in complications as more and more E&Ps grow their operations in the basin. Earlier this year, takeaway issues and a lack of infrastructure in the play have ultimately caused companies...
Centennial Touts Best Bone Spring IP at 1,929 BOEPD; Talk 2019 Plans
Centennial Resource Development reported its Q3 2018 results. Production Up +81% YOY; Gets 15% Oilier from 2Q18 - Q3 2018 production of (up +81% YOY and up +9% from 2Q18) Increased daily crude oil production 15%...
Centennial Touts Best Wolfcamp A Wells to Date; Co-Development Success in 3rd Bone Spring
Centennial Resource Development reported its Q2 2018 results. Sees 'Best and Most Productive' Wells to Date The CWI Long A U31H, B U40H and C U49H (64% WI) were drilled in the Upper Wolfcamp A interval...