Centennial Resource Development Investor Relations Material

Centennial Resource Development, Inc., through its subsidiaries, is an independent oil and natural gas company that focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company explores for crude oil and condensate. The company holds interests in mineral rights comprised of oil and natural gas leases primarily located in the Anadarko Basin in Oklahoma and New Mexico; wherein, it owns a 100% working interest or a net revenue interest; principally engaged in developing its Marmaton project and its Fairmount properties. In September, 2022, Permian Resources Corporation (“Permian Resources”) announced the successful completion of the combination of Centennial Resource Development, Inc. (“Centennial”) and Colgate Energy Partners III, LLC (“Colgate”), as a result concluding Centennial Resource Development, Inc as a standalone company.