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Centennial Resource Development and Colgate Energy to Combine, Creating $7.0 Billion Permian Basin Pure-Play

DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) and Colgate Energy Partners III, LLC ("Colgate") today announced they have entered into an agreement to comb