OIL AND GAS PRICES
Oklahoma crude oil prices as of 5 p.m. Friday:
Sunoco Inc. — $89.50
Sunoco Inc. — $77.50
Oklahoma oil and gas drilling activity posted March 29:
Alfalfa: SandRidge Exploration & Production LLC; Baker SWD 2810 No. 1-20 Well; NW1/4 NE1/4 SE1/4 NE1/4 (SL) of 20-28N-10W; TD 8,395.
SandRidge Exploration & Production LLC; Marley SWD 2511 No. 1-25 Well; SE1/4 SE1/4 SW1/4 SW1/4 of 25-25N-11W; TD 8,676.
SandRidge Exploration & Production LLC; Talley 7B Ranch 2811 No. 2-34H Well; N1/2 N1/2 NW1/4 NW1/4 (SL) of 34-28N-11W; 125.42 barrels oil per day, 1,235,000 cu-ft gas per day; TD 9,796.
SandRidge Exploration & Production LLC; Thorp 2410 No. 1-3H Well; S1/2 S1/2 SW1/4 SW1/4 (SL) of 03-24N-10W; 2,382,000 cu-ft gas per day, 141 barrels oil per day; TD 10,777.
Creek: Berexco LLC; Powell A No. 29 Well; SE1/4 NW1/4 NW1/4 SE1/4 of 17-18N-07E; 23.2 barrels oil per day; TD 3,780.
Dewey: Duncan Oil Properties Inc.; Bob T No. 1-27H Well; NE1/4 SE1/4 SW1/4 SE1/4 (SL) of 27-16N-19W; 15 barrels oil per day, 87,000 cu-ft gas per day; TD 12,420.
Grant: SandRidge Exploration & Production LLC; Stepp 2708 No. 3-19H Well; NW1/4 NE1/4 NE1/4 NW1/4 (SL) of 19-27N-08W; 201.81 barrels oil per day, 815,000 cu-ft gas per day; TD 9,912.
Greer: Heights Energy Corp.; Murphy 11 No. 1 Well; NW1/4 NW1/4 NW1/4 SE1/4 of 11-03N-22W; TD 4,360.
Noble: HighMount Operating LLC; Meyer No. 4-2H Well; SW1/4 SE1/4 SE1/4 SW1/4 (SL) of 04-21N-03E; 48 barrels oil per day, 151,000 cu-ft gas per day; TD 8,561.
Payne: 4 of Us Resources LLC; Martha No. 1-12H Well; C NW1/4 NW1/4 (SL) of 12-17N-02E; 147 barrels oil per day, 125,000 cu-ft gas per day; TD 6,900.
Pittsburg: PetroQuest Energy LLC; Freddie No. 1-19H Well; SW1/4 SW1/4 SW1/4 NW1/4 of 20-07N-16E; TD 375.
Pottawatomie: Billy Jack Sharber Operating LLC; Tie No. 1 Well; N1/2 NE1/4 SE1/4 SE1/4 of 19-07N-04E; 18 barrels oil per day, 10,000 cu-ft gas per day; TD 4,370.
Roger Mills: Apache Corp.; Calvert No. 2-12HA Well; N1/2 S1/2 SW1/4 SW1/4 (SL) of 12-13N-24W; 644 barrels oil per day, 1,306,000 cu-ft gas per day; TD 13,166.
Seminole: Cook Oil Co.; East Cromwell Unit No. 901 Well; SW1/4 NE1/4 SE1/4 NE1/4 of 04-10N-08E; 12 barrels oil per day; TD 3,550.
Woods: SandRidge Exploration & Production LLC; Mason 2916 No. 1-26H Well; NW1/4 NE1/4 NW1/4 NE1/4 (SL) of 26-29N-16W; 35 barrels oil per day, 48,000 cu-ft gas per day; TD 9,635.
SandRidge Exploration & Production LLC; Wiley 2813 No. 4-31H Well; N1/2 N1/2 NE1/4 NW1/4 (SL) of 31-28N-13W; 214.95 barrels oil per day, 649,000 cu-ft gas per day; TD 9,855.
INTENT TO DRILL
Alfalfa: ARP Oklahoma LLC; Magpie No. 3-2H Well; S1/2 S1/2 SE1/4 SE1/4 (SL) of 02-25N-09W; TD 10,781.
Creek: Berexco LLC; Jemina No. 6 Well; N1/2 SW1/4 SW1/4 NE1/4 of 03-17N-07E; TD 3,900.
Ellis: Primary Natural Resources III LLC; Heinsohn-Patton No. 1-35H Well; SW1/4 SE1/4 SW1/4 SW1/4 (SL) of 35-17N-24W; TD 14,223.
Garvin: Newfield Expl MidContinent Inc.; Sublette No. 1H-22 Well; NW1/4 NE1/4 NE1/4 NE1/4 (BHL) of 22-03N-04W; TD 18,949.
Kay: EastOK Pipeline LLC; EastOK-Nile No. 1-31 SWD Well; SE1/4 NW1/4 NW1/4 NW1/4 of 31-27N-02W; TD 6,000.
EastOK Pipeline LLC; EastOK-Nile No. 1-31 SWD Well; SE1/4 NW1/4 NW1/4 NW1/4 of 31-27N-02W; TD 6,000.
Kingfisher: Longfellow Energy LP; Brett No. 21 W1H Well; SE1/4 SW1/4 SE1/4 SE1/4 (SL) of 17-19N-05W; TD 11,200.
Logan: Crown Energy Co.; Weinkauf No. 1-1H Well; SW1/4 SW1/4 SE1/4 NW1/4 (SL) of 01-19N-03W; TD 9,700.
Slawson Exploration Co. Inc.; Snipe No. 1-30H Well; NW1/4 NW1/4 NW1/4 NW1/4 (SL) of 30-17N-03W; TD 11,500.
Love: Mid-Con Energy Operating Inc.; BSDSU R. Banks No. 3-17 Well; NW1/4 SE1/4 SW1/4 NW1/4 of 17-06S-01W; TD 9,100.
Pawnee: EastOK Pipeline LLC; EastOK-Rieman No. 1-35 SWD Well; NW1/4 SW1/4 SE1/4 SW1/4 of 35-20N-05E; TD 5,900.
Payne: Holke Dave Consulting Inc.; Rushmore No. 1-15 Well; SE1/4 NW1/4 NE1/4 SE1/4 of 15-18N-02E; TD 4,800.
Seminole: New Dominion LLC; Hatfield No. 2-17H Well; SW1/4 NE1/4 SW1/4 SW1/4 (BHL) of 17-10N-08E; TD 10,118.
Ruffel Lance Oil & Gas Corp.; E. Seminole No. 1-7H Well; NE1/4 NE1/4 NE1/4 SW1/4 (SL) of 07-09N-07E; TD 6,320.
Tillman: AC Operating Co. LLC; Stone No. 1 Well; NE1/4 NW1/4 SE1/4 NE1/4 of 07-03S-18W; TD 6,114.
Woods: Chesapeake Operating Inc.; Meritt 2-28-16 No. 1H Well; NW1/4 NE1/4 NW1/4 NW1/4 (SL) of 02-28N-16W; TD 10,466.
SOURCE: OIL-LAW RECORDS CORP.
Oklahoma Combined Weekly Auction Summary. Feeder Cattle Weighted Average Report and Cow and Bull Report for week of April 19 to Thursday.
Receipts: 20,645; Last Week 23,236; Last Year 23,407.
Combined weighted average report for Oklahoma auctions. Seven auctions reported this week: Apache, El Reno, McAlester, Oklahoma City, Tulsa and Woodward. Feeder steers traded 2.00 to 5.00 higher. Feeder heifers sold steady to 4.00 higher. Calves steady to firm on limited test. Futures contracts stayed bullish this week leading to an increase demand for all classes. Drought reports this week have the eastern half of Oklahoma listed at normal levels and have downgraded the western half of the state from extreme to moderate drought conditions with exception of the Panhandle.
Feeder Steers: Medium and Large No. 1: Calves: 320 lbs. $185.75; 374 lbs. $183.40; 436 lbs. $175.10; 473 lbs. $170.21; 527 lbs. $162.94; 571 lbs. $155.87; 624 lbs. $141.63; 671 lbs. $131.51. Yearlings: 628 lbs. $149.76; 664 lbs. $141.86; 716 lbs. $138.30; 778 lbs. $133.48; 824 lbs. $130.97; 869 lbs. $127.90; 919 lbs. $121.99; 972 lbs. $119.88; 1,017 lbs. $116.48.
Feeder Heifers: Medium and Large No. 1: Calves: 336 lbs. $163.78; 379 lbs. $158.59; 423 lbs. $156.09; 475 lbs. $149.36; 526 lbs. $144.15; 577 lbs. $139.18; 627 lbs. $126. Yearlings: 622 lbs. $132; 678 lbs. $130.09; 729 lbs. $128.13; 770 lbs. $125.12; 818 lbs. $119.76; 874 lbs. $116.60; 921 lbs. $115.17; 973 lbs. $113.10.
Slaughter Cows: Average dressing Boners and Breakers $75-$86.50; Lean cows $74-$80. Slaughter bulls Average dressing $97.50-$103.50.
Slaughter cattle mostly $2-$3 higher. Dressed sales $2-$4 higher. Sales confirmed so far this week totaled about 42,000 head through Friday afternoon. Last week 80,986.
Nebraska Feed Yards Live Basis: Steers and Heifers: $128-$130.
Dressed Basis Steers and Heifers: $204.
Texas and Kansas Feed Yards Live Basis: $128
Live Cattle: April $127.85; June $122.60; Aug $123.27; Oct $126.45.
Feeder Cattle: May $141.80; Aug $151.17; Sep $152.90; Oct $154.65.
USDA'S CATTLE ON FEED REPORT
Cattle on feed as of April 1, 2013, totaled 10.9 million head, 95 percent of a year ago. Placements of cattle in the feedlots during March totaled 1.90 million head, 106 percent of a year ago. Cattle weighing under 600 lbs. 22 percent of the total placements; 600-700 lbs. 17 percent; 700-800 lbs. 28 percent; and 800 lbs. and up were 33 percent of the total placements. Marketings of fed cattle during the month of March totaled 1.77 million head 92 percent of a year ago.
Federally Inspected Cattle: 625,000 head up 1.6 percent from a year ago.
OKLAHOMA CITY DIRECT HOGS:
Receipts this week: 240 head
Barrows and Gilts:
U.S. Nos. 1-3 220-270 lbs. $45
Sows: U.S. Nos. 1-3 300-500 lbs. $43-$52
U.S. Nos. 1-3 500-700 lbs. $50-$56
Boars: 200-250 lbs. $20, over 250 lbs. $5.
Western Cornbelt Direct Lean Hog Base Price weighted average price of Packers bids on a carcass basis delivered to packing plants Friday was $82.59.
Friday's Close Dressed Basis (74 percent yield): May $89.35; June $92.52; July $92.75; Aug $91.97.
Federally Inspected Hogs: 2.148 million head up 3 percent from a year ago.
Federally Inspected Sheep/Lambs: 37,000 head up 5.7 percent from a year ago.
Estimated Composite Boxed Beef Cutout Values: Friday.
Box beef cutout values: $1.77 higher than last Friday.
Choice 600-900 lbs. $192.89. Select 600-900 lbs. $184.43.
Beef: 490.9 million lbs. up 3.3 percent from a year ago.
Pork: 446.1 million lbs. up 2.3 percent from a year ago.
Lamb: 2.7 million lbs. no change from a year ago.
Cattle Carcass Weights - National Average:
This week estimate: 787 lbs.; Last week estimate: 789 lbs.; Last year's actual: 775 lbs.
SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE