Accounts Receivable and Accounts Payable and Accrued Expenses
 12 Months Ended
Dec. 31, 2015
Centennial Resource Production, LLC (Centennial OpCo) and Celero Energy Company, L.P.  
Accounts Receivable and Accounts Payable and Accrued Expenses

Note 3—Accounts Receivable and Accounts Payable and Accrued Expenses

 

Accounts receivable are comprised of the following:

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 

2015

 

2014

 

 

(in thousands)

Oil and natural gas

    

$
5,789

    

$
9,116

Joint interest billings

 

 
1,514

 

 
11,116

Hedge settlements

 

 
3,956

 

 
3,141

Other

 

 
1,844

 

 

 —

Allowance for doubtful accounts

 

 
(91)

 

 
(256)

Accounts receivable, net

 

$
13,012

 

$
23,117

 

Accounts payable and accrued expenses are comprised of the following:

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 

2015

 

2014

 

 

(in thousands)

Accounts payable

    

$
1,827

    

$
30,224

Accrued capital expenditures

 

 
11,700

 

 
59,675

Revenues payable

 

 
3,439

 

 
7,566

Other

 

 
3,019

 

 
3,830

Accounts payable and accrued expenses

 

$
19,985

 

$
101,295