Centennial Resource Development, Inc. is an independent oil producer headquartered in Denver, Colorado, with core assets located in the Delaware Basin, a sub-basin of the Permian Basin in West Texas and Southeast New Mexico. The company operates approximately 75,500 net acres in this region, employing a disciplined strategy that emphasizes technical leadership, strong well results, and attractive investment returns. Centennial's business model revolves around the exploration, development, and production of oil and natural gas, primarily serving the energy sector. The company generates revenue through the sale of these hydrocarbons, leveraging its strategic location and technical expertise to maximize output and profitability. Centennial's client base includes refineries, energy traders, and other entities within the oil and gas industry. The company is committed to maintaining a conservative balance sheet while pursuing sustainable growth and operational efficiency.

Keywords: independent, oil producer, Delaware Basin, technical leadership, investment returns, exploration, development, production, hydrocarbons, energy sector.