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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Centennial Resource Production, LLC (Centennial OpCo)

Schedule of assets and liabilities measured at fair value


	Level 1		Level 2		Level 3
	(in thousands)
Commodity derivative asset, net(1)
September 30, 2016	$	—	$	306	$	—
December 31, 2015	$	—	$	21,113	$	—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details