Pickering Energy Partners LP and Henry Resources LLC entered into an agreement to acquire Non-Core Asset in Southern Reeves County, Texas from Centennial Resource Development, Inc. (NasdaqCM:CDEV) for $100 million recently. The transaction is subject to customary closing terms and conditions. The transaction is expected to close in December of 2021. The transaction impact is included in the Centennial Resource updated 2021 operational targets. Upon closing, the net proceeds will go to reduce borrowings on the Centennial Resource revolver. Pickering Energy Partners LP and Henry Resources LLC completed the acquisition of Non-Core Asset in Southern Reeves County, Texas from Centennial Resource Development, Inc. (NasdaqCM:CDEV) for approximately $100 million on December 1, 2021.