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PS - Centennial Resource Highlights - March 4, 2020

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Centennial Resource announced the sale of its southern Delaware Basin water infrastructure assets in Reeves County, Texas, to WaterBridge Resources. Upon closing, expected in late Q1, Centennial will enter a longterm water services agreement with WaterBridge to handle the disposal of its southern Delaware Basin water that is not currently subject to existing dedications. Centennial will get $150 million cash at closing, part of which it will use to repay existing borrowings under its......
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