Bakken Shale - CXO, LINN do Bakken Shale Deal

Concho Resources Inc. (NYSE: CXO) today announced that it has signed a definitive agreement with Linn Energy (NASDAQ: LINE) to sell its North Dakota Bakken assets for $196 million. The sale is expected to close by the end of the first quarter of 2011 and is subject to customary closing conditions and purchase price adjustments.

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