Centennial Resource Development: Improving Capital Efficiency Should Reduce Its Cash Burn
Centennial Resource Development: Improving Capital Efficiency Should Reduce Its Cash Burn 1Centennial has made strides in improving capital efficiency, with well costs down 22% and its well production tracking 10% above 2018 levels. This has allowed Centennial to increase its oil production guidance by 8% without changing its capex budget. Centennial is probably still going to have cash burn in 2020 due to its high base decline rate …
News story posted on 2019-12-03T09:49:00.0000000Z