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Derivative Instruments (Details) - Centennial Resource Production, LLC (Centennial OpCo) | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
Sep. 30, 2016 USD ($) $ / MMBTU $ / bbl | Sep. 30, 2015 USD ($) | Sep. 30, 2016 USD ($) MMBTU $ / MMBTU $ / bbl bbl | Sep. 30, 2015 USD ($) | Dec. 31, 2015 USD ($)
Derivative Instruments |  |  |  |  |
Fair value derivative assets (liabilities), net | $ 300,000 |  | $ 300,000 |  | $ 21,100,000
Assets |  |  |  |  |
Gross Amount, Asset | 2,919,000 |  | 2,919,000 |  | 21,540,000
Netting Adjustment, Asset | (1,056,000) |  | (1,056,000) |  | (427,000)
Net Amounts Presented on the Balance Sheet, Asset | 1,863,000 |  | 1,863,000 |  | 21,113,000
Liabilities |  |  |  |  |
Gross Amount, Liability | 1,670,000 |  | 1,670,000 |  |
Netting Adjustment, Liability | (113,000) |  | (113,000) |  |
Net Amounts Presented on the Balance Sheet, Liability | 1,557,000 |  | 1,557,000 |  |
Loss (gain) on derivative instruments | (1,741,000) | $ (13,344,000) | 4,184,000 | $ (12,320,000) |
Losses due to counterparty non-performance | 0 |  | 0 |  | 0
Current assets |  |  |  |  |
Assets |  |  |  |  |
Gross Amount, Asset | 2,642,000 |  | 2,642,000 |  | 19,469,000
Netting Adjustment, Asset | (1,024,000) |  | (1,024,000) |  | (426,000)
Net Amounts Presented on the Balance Sheet, Asset | 1,618,000 |  | 1,618,000 |  | 19,043,000
Noncurrent assets |  |  |  |  |
Assets |  |  |  |  |
Gross Amount, Asset | 277,000 |  | 277,000 |  | 2,071,000
Netting Adjustment, Asset | (32,000) |  | (32,000) |  | (1,000)
Net Amounts Presented on the Balance Sheet, Asset | 245,000 |  | 245,000 |  | $ 2,070,000
Current liabilities |  |  |  |  |
Liabilities |  |  |  |  |
Gross Amount, Liability | 1,011,000 |  | 1,011,000 |  |
Netting Adjustment, Liability | (11,000) |  | (11,000) |  |
Net Amounts Presented on the Balance Sheet, Liability | 1,000,000 |  | 1,000,000 |  |
Noncurrent liabilities |  |  |  |  |
Liabilities |  |  |  |  |
Gross Amount, Liability | 659,000 |  | 659,000 |  |
Netting Adjustment, Liability | (102,000) |  | (102,000) |  |
Net Amounts Presented on the Balance Sheet, Liability | $ 557,000 |  | $ 557,000 |  |
Swap, 2016 | Crude Oil |  |  |  |  |
Derivative Instruments |  |  |  |  |
Notional volume (Bbl) | bbl |  |  | 193,200 |  |
Weighted average floor price ($/unit) | $ / bbl | 55.21 |  | 55.21 |  |
Swap, 2017 | Crude Oil |  |  |  |  |
Derivative Instruments |  |  |  |  |
Notional volume (Bbl) | bbl |  |  | 675,250 |  |
Weighted average floor price ($/unit) | $ / bbl | 50.41 |  | 50.41 |  |
Swap, 2017 | Natural Gas |  |  |  |  |
Derivative Instruments |  |  |  |  |
Notional volume (MMBtu) | MMBTU |  |  | 1,460,000 |  |
Weighted average floor price ($/unit) | $ / MMBTU | 2.94 |  | 2.94 |  |
Basis Swap, 2016 | Crude Oil |  |  |  |  |
Derivative Instruments |  |  |  |  |
Notional volume (Bbl) | bbl |  |  | 320,300 |  |
Weighted average floor price ($/unit) | $ / bbl | 0.45 |  | 0.45 |  |
Basis Swap, 2017 | Crude Oil |  |  |  |  |
Derivative Instruments |  |  |  |  |
Notional volume (Bbl) | bbl |  |  | 127,750 |  |
Weighted average floor price ($/unit) | $ / bbl | 0.20 |  | 0.20 |  |

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