Accounts Receivable and Accounts Payable and Accrued Expenses

9 Months Ended

Sep. 30, 2016

Centennial Resource Production, LLC (Centennial OpCo)

Accounts Receivable and Accounts Payable and Accrued Expenses

Note 3—Accounts Receivable, Accounts Payable and Accrued Expenses

Accounts receivable are comprised of the following:

	September 30,		December 31,
	2016		2015
	(in thousands)
Oil and natural gas	$	8,372	$	5,789
Joint interest billings		892		1,514
Hedge settlements		751		3,956
Other		434		1,844
Allowance for doubtful accounts		(91)		(91)
Accounts receivable, net	$	10,358	$	13,012

Accounts payable and accrued expenses are comprised of the following:

	September 30,		December 31,
	2016		2015
	(in thousands)
Accounts payable	$	7,365	$	1,827
Accrued capital expenditures		11,110		11,700
Revenues payable		2,698		3,439
Other		2,406		3,019
Accounts payable and accrued expenses	$	23,579	$	19,985