Centennial Resource repays $15 million of revolver borrowings in Q3

By Wendy Van Sickle

Columbus, Ohio, Oct. 13 – Centennial Resource Development, Inc. repaid $15 million during its third quarter, leaving $355 million of borrowings outstanding under its revolving credit facility, according to a news release Tuesday.

Centennial said its bank group, led by JPMorgan Chase Bank, NA, reaffirmed its $700 million borrowing base.

The company said it has approximately $5 million in cash on hand.

Centennial Resource is a Denver-based oil and natural gas company with properties in the core of the Southern Delaware Basin.

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