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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Centennial Resource Production, LLC (Centennial OpCo) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Oil sales $ 23,388 $ 18,913 $ 56,975 $ 59,068
Natural gas sales 2,629 2,054 5,717 6,082
NGL sales 1,304 926 3,097 3,590
Total revenues 27,321 21,893 65,789 68,740
Operating expenses        
Lease operating expenses 3,656 4,355 10,295 17,317
Severance and ad valorem taxes 1,432 1,555 3,523 3,833
Transportation, processing, gathering and other operating expenses 1,787 1,424 4,375 4,352
Depreciation, depletion, amortization and accretion of asset retirement obligations 18,454 19,880 60,939 64,003
Abandonment expense and impairment of unproved properties 1,649   2,546 3,851
Contract termination and rig stacking   221   2,388
General and administrative expenses 5,250 3,007 10,655 8,538
Total operating expenses 32,228 30,442 92,333 104,282
Loss (gain) on sale of oil and natural gas properties (15) (9) (11) (2,688)
Total operating (loss) income (4,892) (8,540) (26,533) (32,854)
Other (expense) income        
Interest expense (1,983) (1,469) (5,422) (4,743)
Gain (loss) on derivative instruments 1,741 13,344 (4,184) 12,320
Other Income   (9) 6 (5)
Total other (expense) income (242) 11,866 (9,600) 7,572
(Loss) income before income taxes (5,134) 3,326 (36,133) (25,282)
Income tax benefit     406  
Net (loss) income attributable to the predecessor $ (5,134) $ 3,326 $ (35,727) $ (25,282)