Centennial Resource Development,Inc. (NASDAQ:CDEV) Files An 8-K Financial Statements and Exhibits

ME Staff 8-k

7 years ago

Centennial Resource Development,Inc. (NASDAQ:CDEV) Files An 8-K Financial Statements and ExhibitsItem 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired

The audited statement of revenues and direct operating expenses of the GMT Properties for the year ended December31, 2016, including the notes and the report of BDO USA, LLP with respect thereto, and the unaudited statement of revenue and direct operating expenses of the GMT Properties for the three months ended March31, 2017 and 2016, including the notes thereto, are attached hereto as Exhibit99.1 and incorporated by reference herein.

(b) Pro Forma Financial Information

The following unaudited pro forma combined financial statements of Centennial giving effect to the GMT Acquisition are attached hereto as Exhibit99.2 and incorporated by reference herein:

· unaudited pro forma combined statement of operations for the year ended December31, 2016; and

· unaudited pro forma combined balance sheet as of March31, 2017.

(d) Exhibits

ExhibitNo.	Description
23.1	Consent of BDO USA, LLP.
99.1	Statement of revenues and direct operating expenses of the GMT Properties for the year ended December31, 2016 and for the three months ended March31, 2017 and 2016.
99.2	Unaudited pro forma combined statement of operations for the three months ended March31, 2017 and for the year ended December31, 2016, and the unaudited pro forma combined balance sheet as of March31, 2017.

Centennial Resource Development, Inc. ExhibitEX-23.1 2 a17-19046_1ex23d1.htm EX-23.1 Exhibit 23.1 Consent of Independent Auditor Centennial Resource Development,…To view the full exhibit click here
About Centennial Resource Development,Inc. (NASDAQ:CDEV)
Centennial Resource Development, Inc., formerly Silver Run Acquisition Corporation, is an independent oil and natural gas company. The Company is focused on the development and acquisition of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company’s assets and operations, which are held and conducted through Centennial Resource Production, LLC, are concentrated in the Delaware Basin, a sub-basin of the Permian Basin. The Company has more than 40,000 net acres in the southern Delaware Basin primarily in Reeves County in West Texas. It has developed its acreage primarily in the Wolfcamp zone, and is focused on the Avalon and Bone Spring shales.