Derivative Instruments (Details) - Centennial Resource Production, LLC (Centennial OpCo)
|
3 Months Ended |
9 Months Ended |
12 Months Ended |
|
Sep. 30, 2016
USD ($)
$ / MMBTU
$ / bbl
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
MMBTU
$ / MMBTU
$ / bbl
bbl
|
Sep. 30, 2015
USD ($)
|
Dec. 31, 2015
USD ($)
|
| Derivative Instruments |
|
|
|
|
|
| Fair value derivative assets (liabilities), net |
$ 300,000
|
|
$ 300,000
|
|
$ 21,100,000
|
| Assets |
|
|
|
|
|
| Gross Amount, Asset |
2,919,000
|
|
2,919,000
|
|
21,540,000
|
| Netting Adjustment, Asset |
(1,056,000)
|
|
(1,056,000)
|
|
(427,000)
|
| Net Amounts Presented on the Balance Sheet, Asset |
1,863,000
|
|
1,863,000
|
|
21,113,000
|
| Liabilities |
|
|
|
|
|
| Gross Amount, Liability |
1,670,000
|
|
1,670,000
|
|
|
| Netting Adjustment, Liability |
(113,000)
|
|
(113,000)
|
|
|
| Net Amounts Presented on the Balance Sheet, Liability |
1,557,000
|
|
1,557,000
|
|
|
| Loss (gain) on derivative instruments |
(1,741,000)
|
$ (13,344,000)
|
4,184,000
|
$ (12,320,000)
|
|
| Losses due to counterparty non-performance |
0
|
|
0
|
|
0
|
| Current assets |
|
|
|
|
|
| Assets |
|
|
|
|
|
| Gross Amount, Asset |
2,642,000
|
|
2,642,000
|
|
19,469,000
|
| Netting Adjustment, Asset |
(1,024,000)
|
|
(1,024,000)
|
|
(426,000)
|
| Net Amounts Presented on the Balance Sheet, Asset |
1,618,000
|
|
1,618,000
|
|
19,043,000
|
| Noncurrent assets |
|
|
|
|
|
| Assets |
|
|
|
|
|
| Gross Amount, Asset |
277,000
|
|
277,000
|
|
2,071,000
|
| Netting Adjustment, Asset |
(32,000)
|
|
(32,000)
|
|
(1,000)
|
| Net Amounts Presented on the Balance Sheet, Asset |
245,000
|
|
245,000
|
|
$ 2,070,000
|
| Current liabilities |
|
|
|
|
|
| Liabilities |
|
|
|
|
|
| Gross Amount, Liability |
1,011,000
|
|
1,011,000
|
|
|
| Netting Adjustment, Liability |
(11,000)
|
|
(11,000)
|
|
|
| Net Amounts Presented on the Balance Sheet, Liability |
1,000,000
|
|
1,000,000
|
|
|
| Noncurrent liabilities |
|
|
|
|
|
| Liabilities |
|
|
|
|
|
| Gross Amount, Liability |
659,000
|
|
659,000
|
|
|
| Netting Adjustment, Liability |
(102,000)
|
|
(102,000)
|
|
|
| Net Amounts Presented on the Balance Sheet, Liability |
$ 557,000
|
|
$ 557,000
|
|
|
| Swap, 2016 | Crude Oil |
|
|
|
|
|
| Derivative Instruments |
|
|
|
|
|
| Notional volume (Bbl) | bbl |
|
|
193,200
|
|
|
| Weighted average floor price ($/unit) | $ / bbl |
55.21
|
|
55.21
|
|
|
| Swap, 2017 | Crude Oil |
|
|
|
|
|
| Derivative Instruments |
|
|
|
|
|
| Notional volume (Bbl) | bbl |
|
|
675,250
|
|
|
| Weighted average floor price ($/unit) | $ / bbl |
50.41
|
|
50.41
|
|
|
| Swap, 2017 | Natural Gas |
|
|
|
|
|
| Derivative Instruments |
|
|
|
|
|
| Notional volume (MMBtu) | MMBTU |
|
|
1,460,000
|
|
|
| Weighted average floor price ($/unit) | $ / MMBTU |
2.94
|
|
2.94
|
|
|
| Basis Swap, 2016 | Crude Oil |
|
|
|
|
|
| Derivative Instruments |
|
|
|
|
|
| Notional volume (Bbl) | bbl |
|
|
320,300
|
|
|
| Weighted average floor price ($/unit) | $ / bbl |
0.45
|
|
0.45
|
|
|
| Basis Swap, 2017 | Crude Oil |
|
|
|
|
|
| Derivative Instruments |
|
|
|
|
|
| Notional volume (Bbl) | bbl |
|
|
127,750
|
|
|
| Weighted average floor price ($/unit) | $ / bbl |
0.20
|
|
0.20
|
|
|