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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2016
Centennial Resource Production, LLC (Centennial OpCo) |
Schedule of fair value of acquired properties |
|  | September 30, 2016
|  | (in thousands)
Cash consideration |  | $ | 32,979
Fair value of assets and liabilities acquired: |  |  |
Proved oil and natural gas properties |  |  | 15,374
Unproved oil and natural gas properties |  |  | 18,071
Total fair value of oil and natural gas properties acquired |  |  | 33,445
Revenue Suspense |  |  | (400)
Asset retirement obligation |  |  | (66)
Total fair value of net assets acquired |  | $ | 32,979

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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