Item 1.01 Entry into a Material Definitive Agreement.
On March 27, 2020, Centennial Resource Production, LLC ("CRP"), a subsidiary of
Centennial Resource Development, Inc. (the "Company"), entered into an amendment
("Amendment No. 1") to that certain Purchase and Sale Agreement, dated as of
August 2, 2018 by and between BP Products North America Inc. ("BP") and CRP (the
"Agreement"). Capitalized terms used but not defined herein have the meanings
set forth in the Agreement.
Amendment No. 1, among other things, delayed the commencement of Period 2,
including the pricing terms and delivery commitments associated with Period 2,
to January 1, 2021. Amendment No. 1 also affirmed May 31, 2025 as the end date
for Period 2 and the Initial Term for the Agreement.
The foregoing description of Amendment No. 1 is qualified in its entirety by
reference to the full text of Amendment No. 1, a copy of which is attached
hereto as Exhibit 10.1 and is incorporated herein by reference
Item 9.01. Financial Statements and Exhibits.
(d)  Exhibits
Exhibit No. Description
10.1          Amendment No. 1 to Purchase and Sale Agreement
104         Cover Page Interactive Data File - the cover page XBRL tags are
            embedded within the Inline XBRL document.

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