Centennial Resource Development (CDEV) Tops Q2 EPS by 3c

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Go back to Centennial Resource Development (CDEV) Tops Q2 EPS by 3c

Centennial Resource Development Announces Second Quarter 2018 Financial and Operational Results and Lowers 2018 Cost Guidance

August 6, 2018 4:05 PM EDT

DENVER, Aug. 06, 2018 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (Centennial or the Company) (NASDAQ: CDEV) today announced financial and operational results for the second quarter 2018 and updated 2018 operational targets.

Financial and Operational Highlights:

Increased daily equivalent production 6 percent quarter-over-quarter and 94 percent year-over-yearReported successful Third Bone Spring Sand result in Reeves County, TexasAnnounced strong well results from multiple intervals in Southern Delaware Basin, including most productive wells to dateExecuted firm sales agreement for significant portion of crude oil productionSecured firm transportation agreements for natural gas... More