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Incentive Unit Compensation (Tables) | 12 Months Ended
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Dec. 31, 2015
NGP Centennial Follow-On LLC (Follow-On) |
Incentive Units |
Schedule of incentive units activity |
|  | Tier I |  | Tier II |  | Tier III |  | Tier IV |  | Tier V
Incentive units at December 31, 2014 |  | — |  | — |  | — |  | — |  | —
Forfeited |  | (5,000) |  | (5,000) |  | (5,000) |  | (5,000) |  | (5,000)
Granted |  | 919,000 |  | 919,000 |  | 919,000 |  | 919,000 |  | 919,000
Incentive units at December 31, 2015 |  | 914,000 |  | 914,000 |  | 914,000 |  | 914,000 |  | 914,000
Vested at December 31, 2015 |  | 121,197 |  | 121,197 |  | — |  | — |  | —
Centennial Resource Development, LLC (Centennial HoldCo) |
Incentive Units |
Schedule of incentive units activity |
|  | Tier I |  | Tier II |  | Tier III |  | Tier IV |  | Tier V
Incentive units at December 31, 2013 |  | 655,000 |  | 655,000 |  | 655,000 |  | 655,000 |  | 655,000
Forfeited |  | — |  | — |  | — |  | — |  | —
Granted |  | 254,000 |  | 254,000 |  | 254,000 |  | 254,000 |  | 254,000
Incentive units at December 31, 2014 |  | 909,000 |  | 909,000 |  | 909,000 |  | 909,000 |  | 909,000
Forfeited |  | (6,000) |  | (6,000) |  | (6,000) |  | (6,000) |  | (6,000)
Granted |  | 11,000 |  | 11,000 |  | 11,000 |  | 11,000 |  | 11,000
Incentive units at December 31, 2015 |  | 914,000 |  | 914,000 |  | 914,000 |  | 914,000 |  | 914,000
Vested at December 31, 2015 |  | 370,517 |  | 370,517 |  | — |  | — |  | —
Centennial Resource Production, LLC (Centennial OpCo) |
Incentive Units |
Schedule of incentive units activity |
|  | Tier I |  | Tier II |  | Tier III |  | Tier IV |  | Tier V
Incentive units at December 31, 2012 |  | 941,252 |  | — |  | 935,004 |  | 939,137 |  | 939,137
Forfeited |  | (4,557) |  | (1,519) |  | (4,557) |  | — |  | —
Settled |  | (132,322) |  | (132,322) |  | (132,322) |  | (136,681) |  | (136,681)
Granted |  | 45,877 |  | 984,091 |  | 45,865 |  | 45,893 |  | 45,893
Incentive units at December 31, 2013 |  | 850,250 |  | 850,250 |  | 843,990 |  | 848,349 |  | 848,349
Forfeited |  | — |  | — |  | — |  | — |  | —
Settled |  | (866,159) |  | (866,159) |  | (843,990) |  | (848,349) |  | (848,349)
Granted |  | 15,909 |  | 15,909 |  | — |  | — |  | —
Incentive units at December 31, 2014 |  | — |  | — |  | — |  | — |  | —

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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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