Centennial Resource Development, Inc. Schedules Earnings Call for Third Quarter 2016 Results on November 10, 2016

Centennial Resource Development, Inc. (the “Company”) (NASDAQ:CDEV) (NASDAQ:CDEVW) today announced that it will host a conference call to discuss its third quarter 2016 results at 8:00 a.m., Mountain time, on Thursday, November 10, 2016.  Anyone wishing to participate may do so in the following ways:

• At the Company’s website: www.cdevinc.com.  To participate in the audio-only webcast, please log on 15 minutes in advance of the scheduled call to download the necessary software.  A webcast replay will be available approximately two hours after the conference call and will be available through November 17, 2016. 
• By telephone: The telephone dial-in number in the U.S. is [phone].  For participants outside of the U.S., the dial-in number is [phone].  The conference ID number is 12970930. 
• If you are unable to participate in the original conference call, a replay will be available beginning at approximately 11:00 a.m., Mountain time, on November 10, 2016, and ending at 11:00 a.m., Mountain time, on November 17, 2016.  The replay dial-in number for U.S. participants is [phone] and for participants outside the U.S. is [phone]. The replay conference ID number is 12970930.

About Centennial Resource Development, Inc.

Centennial Resource Development, Inc. is an independent oil and natural gas company focused on the development and acquisition of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin.  Our assets and operations, which are held and conducted through our subsidiary, 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:

George S. Glyphis 
Chief Financial Officer
[phone]