Concho Resources and Linn Energy in $196 million Agreement

Concho Resources (CXO) has entered into an agreement with Linn Energy (LINE) to sell to oil and gas assets in the Bakken region.  Purchase price offered to CXO for these assets is reported at $196 million.  Expected closing for this transaction is first quarter of 2011. 

For further review of this transaction please see the following links:
Concho Resources to sell Assests
Linn Energy Acquires Oil Assets in Bakken