Independent oil and natural gas company Concho Resources said it agreed to sell its North Dakota Bakken assets for $196 million to Linn Energy . The company, which had 2642 million barrels of oil equivalent (mboe) of proved reserves in Bakken in 2009, said it expects to close the deal by the end of the first quarter. Linn, which has been on a buying spree in the Permian Basin till now, had said in September it will buy more property in the area for about $352.2 million.
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