Two closely aligned oil producers just became the biggest: Whiting Petroleum (NYSE:WLL) agreed to acquire Kodiak Oil & Gas(NYSE:WLL), which makes the combined company bigger than the 800-pound gorilla in the Williston Basin, Continental Resources. With large shareholders owning positions in both companies the merger was not one that caught Wall Street by surprise. But there are plenty other oil-heavy producers that could be the next Kodiak Oil & Gas.

In this episode of The Motley Fool's Where the Money Is, Motley Fool analysts Joel South and Taylor Muckerman discuss the growing oil producers who might just be the next to be acquired by a large exploration and production company. Among the top prospects are Penn Virginia (NYSE:PVA)and Halcon Resources (NYSE:HK), but assets will be key if and when these companies hit the market.

Take advantage of this little-known tax "loophole"
Recent tax increases have affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "The IRS Is Daring You to Make This Investment Now!," you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.


Joel South owns shares of Halcon Resources.. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.