Midstates Petroleum Co. Inc. (NYSE: MPO) is buying properties in the Anadarko Basin in Texas and Oklahoma for $620 million in cash, in the latest deal from the busy energy sector.

The Houston-based buyer came to a deal with Panther Energy LLC and its partners, Red Willow Mid-Continent LLC and LINN Energy Holdings LLC (Nasdaq: LINE) to buy the oil-producing and undeveloped properties.

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