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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Centennial Resource Production, LLC (Centennial OpCo) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Revenues |  |  |  |
Oil sales | $ 23,388 | $ 18,913 | $ 56,975 | $ 59,068
Natural gas sales | 2,629 | 2,054 | 5,717 | 6,082
NGL sales | 1,304 | 926 | 3,097 | 3,590
Total revenues | 27,321 | 21,893 | 65,789 | 68,740
Operating expenses |  |  |  |
Lease operating expenses | 3,656 | 4,355 | 10,295 | 17,317
Severance and ad valorem taxes | 1,432 | 1,555 | 3,523 | 3,833
Transportation, processing, gathering and other operating expenses | 1,787 | 1,424 | 4,375 | 4,352
Depreciation, depletion, amortization and accretion of asset retirement obligations | 18,454 | 19,880 | 60,939 | 64,003
Abandonment expense and impairment of unproved properties | 1,649 |  | 2,546 | 3,851
Contract termination and rig stacking |  | 221 |  | 2,388
General and administrative expenses | 5,250 | 3,007 | 10,655 | 8,538
Total operating expenses | 32,228 | 30,442 | 92,333 | 104,282
Loss (gain) on sale of oil and natural gas properties | (15) | (9) | (11) | (2,688)
Total operating (loss) income | (4,892) | (8,540) | (26,533) | (32,854)
Other (expense) income |  |  |  |
Interest expense | (1,983) | (1,469) | (5,422) | (4,743)
Gain (loss) on derivative instruments | 1,741 | 13,344 | (4,184) | 12,320
Other Income |  | (9) | 6 | (5)
Total other (expense) income | (242) | 11,866 | (9,600) | 7,572
(Loss) income before income taxes | (5,134) | 3,326 | (36,133) | (25,282)
Income tax benefit |  |  | 406 |
Net (loss) income attributable to the predecessor | $ (5,134) | $ 3,326 | $ (35,727) | $ (25,282)

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