Centennial Resource Development, Inc. operates as an independent entity in the oil and natural gas sector, primarily engaged in developing crude oil and related liquids-rich natural gas reserves across the United States. Its core assets and operations are concentrated within the Delaware Basin, a significant sub-basin of the broader Permian Basin. Specifically, the company's landholdings are predominantly situated in Reeves County, West Texas, and Lea County, New Mexico. By December 31, 2021, Centennial had acquired or leased approximately 73,675 net acres, in addition to owning 991 net mineral acres within the Delaware Basin. Established in 2015 and headquartered in Denver, Colorado, the company was formerly known as Silver Run Acquisition Corporation, officially changing its name to Centennial Resource Development, Inc. in October 2016.