Centennial Resource Development - M&A Summary, Ownership, and Business Overview

Oil/gas ExplorationCompany

Centennial Resource Development M&A Summary

Centennial Resource Development has acquired 1 company of its own. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Centennial Resource Development’s largest acquisition to date was in 2016, when it acquired Silverback Exploration for $855M. It’s largest disclosed sale occurred in 2020, when it sold Centennial Resource Development - Produced Water Assets to WaterBridge Resources for $225M. Centennial Resource Development has acquired in 1 US state. The Company’s most targeted sectors include oil/gas exploration (100%).

Centennial Resource Development Ownership

Who owns Centennial Resource Development?

Centennial Resource Development is owned by Riverstone Holdings. It was acquired on July 7, 2016.

Is Centennial Resource Development PE-backed?

Yes. Centennial Resource Development is owned by private equity investor Riverstone Holdings.

Centennial Resource Development Business Overview

Where is Centennial Resource Development headquartered?

Centennial Resource Development is headquartered in Delaware Basin, Texas.

What sector is Centennial Resource Development in?

Centennial Resource Development is an oil/gas exploration company.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Centennial Resource Development LLC

Delaware Basin, Texas
United States,

Centennial Resource Development LLC is an exploration and production company focused on the acquisition and development of oil and liquids-rich natural gas resources in the Permian Delaware Basin, West Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $855M $855M
Sell (0.2/yr) # - 1 - - - - 1
vol $225M $225M
  2

Most Recent M&A

Company Date Value Type
Centennial Resource Development LLC - Produced Water Assets 2020-02-25 225M USD Divestiture
Delaware Basin, Texas
Silverback Exploration LLC 2016-11-01 855M USD Add-on Acquisition
San Antonio, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 1 (100%) 855M (100%) 1 (100%) 225M (100%)
Total 1 $855M 1 $225M

By Geo

State/Country Buy Value Sell Value
United States 1 855M 1 225M
  Texas 1 855M 1 225M
Total 1 $855M 1 $225M

Deal Values

buy # Total
$100M to $1B 1 $855M
TOTAL $855M
Largest Silverback Exploration LLC
$855M (2016-11-01)
sell # Total
$100M to $1B 1 $225M
TOTAL $225M
Largest Centennial Resource Development LLC - Produced Water Assets
$225M (2020-02-25)

M&A Connections

Deals
Acquired from
Investor(s)
100%
1 (100%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

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