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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Centennial Resource Production, LLC (Centennial OpCo) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net loss $ (35,727) $ (25,282)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Accretion of asset retirement obligations 129 101
Depreciation, depletion, amortization 60,810 63,902
Abandonment expense and impairment of unproved properties 2,546 3,851
Deferred tax benefit (406)  
Loss (gain) on sale of oil and natural gas properties (11) (2,688)
Loss on derivative instruments 4,184 (12,320)
Net cash received for derivative settlements 16,623 25,972
Amortization of debt issuance costs 363 360
Change in operating assets and liabilities:    
Decrease in accounts receivable 3,021 4,956
Increase in prepaid and other assets (165) (656)
Increase (decrease) in accounts payable and other liabilities 144 (9,722)
Net cash provided by operating activities 51,511 48,474
Cash flows form investing activities    
Acquisition of oil and natural gas properties (55,566) (38,315)
Development of oil and natural gas properties (45,203) (133,595)
Purchase of other property and equipment (206) (2,097)
Proceeds from sales of oil and natural gas properties   2,691
Net cash used by investing activities (100,975) (171,316)
Cash flows from financing activities    
Proceeds from revolving credit facility 55,000 84,000
Repayment of revolving credit facility (5,000) (83,000)
Capital contributions   110,656
Financing obligation (1,894) (1,238)
Debt issuance costs   (199)
Net cash provided by the financing activities 48,106 110,219
Net decrease in the cash and cash equivalents (1,358) (12,623)
Cash and cash equivalents, beginning of period 1,768 13,017
Cash and cash equivalents, end of period 410 394
Supplemental cash flow information    
Cash paid for interest 4,993 4,340
Supplemental noncash activity    
Accrued capital expenditures included in accounts payable and accrued expenses $ 16,339 $ 14,946