Derivative Financial Instruments (Details) - Centennial Resource Production, LLC (Centennial OpCo) and Celero Energy Company, L.P.
$ in Thousands |
12 Months Ended |
|
Dec. 31, 2015
USD ($)
$ / bbl
bbl
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2013
USD ($)
|
| Assets |
|
|
|
| Gross Amount, Asset |
$ 21,540
|
$ 36,809
|
|
| Netting Adjustment, Asset |
(427)
|
(22)
|
|
| Net Amounts Presented on the Balance Sheet, Asset |
21,113
|
36,787
|
|
| Gain (loss) on derivative instruments |
20,756
|
41,943
|
$ (4,410)
|
| Current assets |
|
|
|
| Assets |
|
|
|
| Gross Amount, Asset |
19,469
|
30,444
|
|
| Netting Adjustment, Asset |
(426)
|
(22)
|
|
| Net Amounts Presented on the Balance Sheet, Asset |
19,043
|
30,422
|
|
| Noncurrent assets |
|
|
|
| Assets |
|
|
|
| Gross Amount, Asset |
2,071
|
6,365
|
|
| Netting Adjustment, Asset |
(1)
|
|
|
| Net Amounts Presented on the Balance Sheet, Asset |
$ 2,070
|
$ 6,365
|
|
| Swap, 2016 | Crude Oil |
|
|
|
| Derivative Financial Instruments |
|
|
|
| Notional volume (Bbl) | bbl |
729,000
|
|
|
| Weighted average floor price ($/unit) | $ / bbl |
67.82
|
|
|
| Swap, 2017 | Crude Oil |
|
|
|
| Derivative Financial Instruments |
|
|
|
| Notional volume (Bbl) | bbl |
127,750
|
|
|
| Weighted average floor price ($/unit) | $ / bbl |
61.36
|
|
|
| Basis Swap, 2016 | Crude Oil |
|
|
|
| Derivative Financial Instruments |
|
|
|
| Notional volume (Bbl) | bbl |
622,200
|
|
|
| Weighted average floor price ($/unit) | $ / bbl |
0.71
|
|
|
| Basis Swap, 2017 | Crude Oil |
|
|
|
| Derivative Financial Instruments |
|
|
|
| Notional volume (Bbl) | bbl |
91,250
|
|
|
| Weighted average floor price ($/unit) | $ / bbl |
0.20
|
|
|