In 2014, Kinder Morgan brought all of its MLPs under one umbrella for $76 billion.
MHR wants oilfield service discounts of at least 40% to reflect commodity price drop.
There are still a number of large operators with strong cash positions who may be willing to deploy capital to acquire companies at reduced prices.
Flat commodity prices are likely to transform the industry.
Round One makes available 169 blocks with more than 18 Bboe in prospective resources and proven and probable reserves.
Acquisition comes at a time when leading Bakken producers are scaling back expenses.