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Centennial Resource Development officially withdraws $100 million IPO following sale to SPAC

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Centennial Resource Development, a oil and gas E&P with 61 horizontal wells in the Permian Basin, withdrew its plans for an initial public offering on Monday. It originally filed in June 2016 with a proposed deal size of $100 million, and in July it announced that Mark Papa's blank check company Silver Run Acquisition (SRAQ; +59%), which went listed in February, would...read more

Permeating the Permian Basin: Centennial Resource Development files for a $100 million IPO

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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...read more

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