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Concho Resources to Sell its Bakken Assets for $196m

Source: www.gulfoilandgas.com 2/28/2011, Location: North America

Concho Resources Inc. announced that it has signed a definitive agreement with Linn Energy 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.

RBC Richardson Barr served as the Company's advisor in connection with the sale.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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