Centennial Resource Development, Inc.: insider trades · United States · SEC (Form 4)

About Centennial Resource Development, Inc.

Centennial Resource Development, Inc. was a U.S. upstream oil and gas company that traded on the NASDAQ under the ticker CDEV, and its corporate history is now embedded in Permian Resources Corporation after a series of mergers. For international investors, the key point is that Centennial was fundamentally a Permian Basin shale producer, focused on crude oil and associated liquids-rich natural gas in the Delaware Basin spanning West Texas and southeastern New Mexico. Its business model was therefore highly sensitive to commodity prices, drilling and completion costs, well productivity, and capital allocation discipline—classic drivers in the U.S. E&P sector. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1658566/000165856622000069/cdev-20220331.htm?utm_source=openai)) Historically, Centennial was built around core acreage in the Southern Delaware Basin and grew through a combination of organic development and targeted acquisitions. The company’s headquarters were in Denver, Colorado, which is consistent with a conventional U.S. independent exploration and production operator. Its operating footprint was concentrated in the Permian Basin, one of the most competitive and technically attractive shale regions in the United States, with a focus on high-return development, reserve growth, and free-cash-flow generation rather than diversification into refining, pipelines, or downstream activities. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1658566/000110465917035221/a17-14240_1ex99d1.htm?utm_source=openai)) From a competitive standpoint, Centennial occupied the mid-cap shale producer segment within the Delaware Basin. That positioning mattered because the basin rewards operators with scale, contiguous acreage, and repeatable drilling inventory. Centennial’s product mix was primarily upstream hydrocarbon production: oil and natural gas liquids were central, with associated natural gas as a secondary output. In other words, it was not a service company or an integrated major, but a focused U.S. shale E&P business. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1658566/000165856622000069/cdev-20220331.htm?utm_source=openai)) A critical historical development for investors is that Centennial ceased to exist as an independent listed issuer. In September 2022, Centennial Resource Development combined with Colgate Energy in a merger of equals to form Permian Resources Corporation, and the stock moved to the NYSE under the symbol PR. In 2023, Permian Resources also completed the acquisition of Earthstone Energy, further expanding its Delaware Basin scale and reinforcing its position as a large pure-play Permian operator. So while CDEV remains important in SEC and insider-transaction history, the equity story today belongs to the successor company, Permian Resources. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1658566/000165856623000019/exhibit994-finalproformas.htm?utm_source=openai)) For SEO and investor context, the most accurate framing is that Centennial Resource Development was a United States-based, NASDAQ-listed Permian Basin producer headquartered in Denver, built around Delaware Basin shale assets, and later absorbed into a larger consolidation platform. Recent SEC filings and press materials emphasize efficient core-basin development, integration of acquired assets, and a stronger free-cash-flow profile under the successor structure. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1658566/000165856624000011/ex991prpressrelease12312023.htm?utm_source=openai))