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CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - Centennial Resource Production, LLC (Centennial OpCo) and Celero Energy Company, L.P. - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Oil sales $ 77,643 $ 114,955 $ 65,863
Natural gas sales 7,965 9,670 3,024
NGL sales 4,852 7,200 3,087
Total revenues 90,460 131,825 71,974
Operating expenses      
Lease operating expenses 21,173 17,690 19,106
Severance and ad valorem taxes 5,021 6,875 4,153
Transportation, processing, gathering and other operating expenses 5,732 4,772 1,291
Depreciation, depletion, amortization and accretion of asset retirement obligations 90,084 69,110 29,285
Abandonment expense and impairment of unproved properties 7,619 20,025 8,561
Exploration 84    
Contract termination and rig stacking 2,387    
General and administrative expenses 14,206 31,694 16,842
Total operating expenses 146,306 150,166 79,238
(Gain) loss on sale of oil and natural gas properties (2,439) 2,096 (16,756)
Total operating (loss) income (53,407) (20,437) 9,492
Other (expense) income      
Interest expense (6,266) (2,475) (513)
Gain (loss) on derivative instruments 20,756 41,943 (4,410)
Other income 20 281 122
Total other (expense) income 14,510 39,749 (4,801)
(Loss) income before income taxes (38,897) 19,312 4,691
Income tax benefit (expense) 572 (1,524) (1,079)
Net (loss) income (38,325) 17,788 3,612
Less net loss attributable to noncontrolling interest   (2) (6)
Net (loss) income attributable to the predecessor $ (38,325) $ 17,790 $ 3,618