Centennial Resource Development, which owns 61 horizontal oil and natural gas wells concentrated in the Delaware Basin, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
The Denver, CO-based company was founded in 2012 and booked $81 million in sales for the 12 months ended March 31, 2016. It plans to list on the Nasdaq under the symbol CDEV. Credit Suisse and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.
