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Condensed Consolidated Statement of Shareholders’ Equity Statement - 3 months ended Mar. 31, 2017 - USD ($)
$ in Thousands
Total
Common Class A
Common Class C
Series A Preferred Stock
Series B Preferred Stock
Total Shareholders’ Equity
Common Stock
Common Class A
Common Stock
Common Class C
Preferred Stock
Series A Preferred Stock
Preferred Stock
Series B Preferred Stock
Additional Paid-In Capital
(Accumulated Deficit) Retained Earnings
Noncontrolling Interest
Common shares outstanding at beginning of period (shares) at Dec. 31, 2016   200,835,049 19,155,921       201,092,000 19,156,000          
Balance at beginning of period at Dec. 31, 2016 $ 2,552,935         $ 2,355,142 $ 20 $ 2 $ 0 $ 0 $ 2,364,049 $ (8,929) $ 197,793
Preferred shares outstanding at beginning of period (shares) at Dec. 31, 2016       1 104,400       0 104,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Warrants exercised (in shares)             6,233,000            
Warrants exercised             $ 1       (1)    
Restricted stock issued (in shares)             268,000            
Equity based compensation 2,610         2,610         2,610    
Change in equity due to issuance of shares by Centennial Resource Production, LLC           2,846         2,846   (2,846)
Net income (loss) 10,707         9,823           9,823 884
Common shares outstanding at end of period (shares) at Mar. 31, 2017   207,068,375 19,155,921       207,593,000 19,156,000          
Balance at end of period at Mar. 31, 2017 $ 2,566,252         $ 2,370,421 $ 21 $ 2 $ 0 $ 0 $ 2,369,504 $ 894 $ 195,831
Preferred shares outstanding at end of period (shares) at Mar. 31, 2017       1 104,400       0 104,000