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Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2015
Centennial Resource Production, LLC (Centennial OpCo) and Celero Energy Company, L.P.  
Schedule of fair value of acquired properties

 

 

 

 

 

 

 

 

 

Acquisition #1

 

Acquisition #2

 

 

September 1,

 

September 3,

 

 

2015

 

2015

 

 

(in thousands)

Cash consideration

    

$
16,006

    

$
6,369

Fair value of assets and liabilities acquired:

 

 

  

 

 

  

Proved oil and natural gas properties

 

 
7,731

 

 
6,491

Unproved oil and natural gas properties

 

 
8,312

 

 

 —

Total fair value of oil and natural gas properties acquired

 

 
16,043

 

 
6,491

Asset retirement obligation

 

 
(37)

 

 
(122)

Total fair value of net assets acquired

 

$
16,006

 

$
6,369