CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Centennial Resource Production, LLC (Centennial OpCo) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Revenues | ||||
| Oil sales | $ 23,388 | $ 18,913 | $ 56,975 | $ 59,068 |
| Natural gas sales | 2,629 | 2,054 | 5,717 | 6,082 |
| NGL sales | 1,304 | 926 | 3,097 | 3,590 |
| Total revenues | 27,321 | 21,893 | 65,789 | 68,740 |
| Operating expenses | ||||
| Lease operating expenses | 3,656 | 4,355 | 10,295 | 17,317 |
| Severance and ad valorem taxes | 1,432 | 1,555 | 3,523 | 3,833 |
| Transportation, processing, gathering and other operating expenses | 1,787 | 1,424 | 4,375 | 4,352 |
| Depreciation, depletion, amortization and accretion of asset retirement obligations | 18,454 | 19,880 | 60,939 | 64,003 |
| Abandonment expense and impairment of unproved properties | 1,649 | 2,546 | 3,851 | |
| Contract termination and rig stacking | 221 | 2,388 | ||
| General and administrative expenses | 5,250 | 3,007 | 10,655 | 8,538 |
| Total operating expenses | 32,228 | 30,442 | 92,333 | 104,282 |
| Loss (gain) on sale of oil and natural gas properties | (15) | (9) | (11) | (2,688) |
| Total operating (loss) income | (4,892) | (8,540) | (26,533) | (32,854) |
| Other (expense) income | ||||
| Interest expense | (1,983) | (1,469) | (5,422) | (4,743) |
| Gain (loss) on derivative instruments | 1,741 | 13,344 | (4,184) | 12,320 |
| Other Income | (9) | 6 | (5) | |
| Total other (expense) income | (242) | 11,866 | (9,600) | 7,572 |
| (Loss) income before income taxes | (5,134) | 3,326 | (36,133) | (25,282) |
| Income tax benefit | 406 | |||
| Net (loss) income attributable to the predecessor | $ (5,134) | $ 3,326 | $ (35,727) | $ (25,282) |