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