CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - Centennial Resource Production, LLC (Centennial OpCo) and Celero Energy Company, L.P. - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| Revenues |
|
|
|
| Oil sales |
$ 77,643
|
$ 114,955
|
$ 65,863
|
| Natural gas sales |
7,965
|
9,670
|
3,024
|
| NGL sales |
4,852
|
7,200
|
3,087
|
| Total revenues |
90,460
|
131,825
|
71,974
|
| Operating expenses |
|
|
|
| Lease operating expenses |
21,173
|
17,690
|
19,106
|
| Severance and ad valorem taxes |
5,021
|
6,875
|
4,153
|
| Transportation, processing, gathering and other operating expenses |
5,732
|
4,772
|
1,291
|
| Depreciation, depletion, amortization and accretion of asset retirement obligations |
90,084
|
69,110
|
29,285
|
| Abandonment expense and impairment of unproved properties |
7,619
|
20,025
|
8,561
|
| Exploration |
84
|
|
|
| Contract termination and rig stacking |
2,387
|
|
|
| General and administrative expenses |
14,206
|
31,694
|
16,842
|
| Total operating expenses |
146,306
|
150,166
|
79,238
|
| (Gain) loss on sale of oil and natural gas properties |
(2,439)
|
2,096
|
(16,756)
|
| Total operating (loss) income |
(53,407)
|
(20,437)
|
9,492
|
| Other (expense) income |
|
|
|
| Interest expense |
(6,266)
|
(2,475)
|
(513)
|
| Gain (loss) on derivative instruments |
20,756
|
41,943
|
(4,410)
|
| Other income |
20
|
281
|
122
|
| Total other (expense) income |
14,510
|
39,749
|
(4,801)
|
| (Loss) income before income taxes |
(38,897)
|
19,312
|
4,691
|
| Income tax benefit (expense) |
572
|
(1,524)
|
(1,079)
|
| Net (loss) income |
(38,325)
|
17,788
|
3,612
|
| Less net loss attributable to noncontrolling interest |
|
(2)
|
(6)
|
| Net (loss) income attributable to the predecessor |
$ (38,325)
|
$ 17,790
|
$ 3,618
|