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Acquisitions (Tables)

9 Months Ended

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

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