Accounts Receivable and Accounts Payable and Accrued Expenses

12 Months Ended

Dec. 31, 2015

Centennial Resource Production, LLC (Centennial OpCo) and Celero Energy Company, L.P.

Accounts Receivable and Accounts Payable and Accrued Expenses

Note 3—Accounts Receivable and Accounts Payable and Accrued Expenses

Accounts receivable are comprised of the following:

	December 31,		December 31,
	2015		2014
	(in thousands)
Oil and natural gas	$	5,789	$	9,116
Joint interest billings		1,514		11,116
Hedge settlements		3,956		3,141
Other		1,844		—
Allowance for doubtful accounts		(91)		(256)
Accounts receivable, net	$	13,012	$	23,117

Accounts payable and accrued expenses are comprised of the following:

	December 31,		December 31,
	2015		2014
	(in thousands)
Accounts payable	$	1,827	$	30,224
Accrued capital expenditures		11,700		59,675
Revenues payable		3,439		7,566
Other		3,019		3,830
Accounts payable and accrued expenses	$	19,985	$	101,295