Basis of Presentation, Significant Accounting Policies, and Recently Issued Accounting Standards (Tables)
 12 Months Ended
Dec. 31, 2015
Centennial Resource Production, LLC (Centennial OpCo) and Celero Energy Company, L.P.  
Schedule of balance sheet line items that were adjusted due to adoption of ASU No. 2015-03

 

 

 

 

 

 

 

 

 

As of December 31, 2014

 

 

As Reported

 

As Adjusted

 

 

(in thousands)

Other noncurrent assets

    

$
1,866

    

$
1,434

Total assets

 

$
616,201

 

$
615,769

Term loan

 

$
65,000

 

$

 —

Term loan, net of unamortized deferred financing costs

 

$

 —

 

$
64,568

Total liabilities

 

$
238,269

 

$
237,837

Total liabilities and owners’ equity

 

$
616,201

 

$
615,769