Centennial Resource Development, Inc. Announces Full Year 2016 Earnings Conference Call

DENVER, March 16, 2017 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc., together with its affiliates ("Centennial" or the "Company") CDEV CDEVW, announced today that it will report full year 2016 financial and operating results after the market closes for trading on March 22, 2017.  Management will host an earnings conference call on March 23, 2017 at 8:00 a.m. Mountain (10:00 a.m. Eastern).  Interested parties are invited to participate on the call by dialing (800) 789-3525, or (442) 268-1041 for international calls, (Conference ID: 66880120) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com.  A replay of the call will be available on Centennial's website or by phone at (855) 859-2056 (Conference ID: 66880120) for a 14-day period following the call.

About Centennial Resource Development, Inc.

Centennial Resource Development, Inc. is an independent oil and natural gas company focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company's assets and operations, which are held and conducted through Centennial Resource Production, LLC, are concentrated in the Delaware Basin, a sub-basin of the Permian Basin. For additional information about the Company, please visit www.cdevinc.com.

Contact:

Hays Mabry
Director, Investor Relations
(346) 309-0205
ir@cdevinc.com