Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2015

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

Summary of changes in asset retirement obligations

The following table summarizes the changes in the Predecessor’s asset retirement obligations for the periods indicated (in thousands):

	For the Year Ended
	December 31,
	2015		2014
Asset retirement obligations, beginning of year	$	1,824	$	3,557
Additional liabilities incurred		133		670
Liabilities acquired		178		—
Liabilities disposed(1)		—		(2,820)
Accretion expense		139		156
Revision of estimated liabilities		14		261
Asset retirement obligations, end of year	$	2,288	$	1,824

(1)Refer to Note 4—Acquisitions and Divestitures.