OIL AND GAS PRICES
Oklahoma crude oil prices as of 5 p.m. Friday:
Sunoco Inc. — $94.25
Sunoco Inc. — $82.25
Oklahoma oil and gas drilling activity posted Jan. 9:
Canadian: Devon Energy Production Co. LP; Haley No. 9-18H Well; SE1/4 SE1/4 SW1/4 SE1/4 (SL) of 18-13N-09W; 4,201,000 cu-ft gas per day, 167 barrels oil per day; TD 17,530.
Devon Energy Production Co. LP; Leck No. 8-17H Well; SE1/4 SW1/4 SE1/4 SE1/4 (SL) of 17-13N-09W; 5,125,000 cu-ft gas per day, 246 barrels oil per day; TD 17,427.
Carter: XTO Energy Inc.; McCarty No. 2-1H36 Well; NW1/4 NE1/4 NE1/4 NE1/4 (BHL) of 36-03S-02E; 3,452,000 cu-ft gas per day, 145 barrels oil per day; TD 19,227.
XTO Energy Inc.; McCarty No. 3-1H36 Well; NE1/4 NW1/4 NE1/4 NE1/4 (BHL) of 36-03S-02E; 4,346,000 cu-ft gas per day, 183 barrels oil per day; TD 19,260.
XTO Energy Inc.; McCarty No. 4-1H36 Well; NW1/4 NW1/4 NE1/4 NE1/4 (BHL) of 36-03S-02E; 4,785,000 cu-ft gas per day, 180 barrels oil per day; TD 19,322.
XTO Energy Inc.; McCarty No. 5-1H36 Well; NW1/4 NE1/4 NW1/4 NE1/4 (BHL) of 36-03S-02E; 4,008,000 cu-ft gas per day, 194 barrels oil per day; TD 19,532.
Hughes: Silver Creek Oil & Gas LLC; Roo No. 7-1H Well; SE1/4 SW1/4 SW1/4 SW1/4 (SL) of 06-05N-10E; 508,000 cu-ft gas per day; TD 10,401.
Marshall: XTO Energy Inc.; Holly No. 1-34H27 Well; SW1/4 NE1/4 NE1/4 NE1/4 (BHL) of 27-04S-05E; 216 barrels oil per day, 630,000 cu-ft gas per day; TD 12,395.
Noble: Devon Energy Production Co. LP; Prucha No. 1-23MH Well; NE1/4 NW1/4 NE1/4 NW1/4 (SL) of 23-23N-01W; 579,000 cu-ft gas per day, 38 barrels oil per day; TD 9,372.
Mustang Fuel Corp.; Red Rock Ranch No. 1-18 SWD Well; E1/2 E1/2 E1/2 NE1/4 of 18-24N-04E; TD 5,219.
Roger Mills: Laredo Petroleum Inc.; Sun Bear No. 1H-3 Well; SW1/4 SW1/4 SE1/4 SW1/4 (SL) of 03-12N-25W; 8,074,000 cu-ft gas per day, 241 barrels oil per day; TD 17,580.
Tulsa: Barnett John; Bob Bales No. 2A Well; NW1/4 NE1/4 NW1/4 SE1/4 of 20-21N-13E; 2 barrels oil per day; TD 1,316.
Washington: Bratco Operating Co.; Crossbell No. 22-3 Well; W1/2 NE1/4 SE1/4 SW1/4 of 22-29N-12E; 5 barrels oil per day, 10,000 cu-ft gas per day; TD 1,900.
Woodward: Stephens Exploration Inc.; Holley No. 2-13 Well; E1/2 E1/2 NE1/4 NW1/4 of 13-24N-21W; 14.5 barrels oil per day; TD 6,788.
INTENT TO DRILL
Alfalfa: SandRidge Exploration & Production LLC; Fellers Farms 2810 No. 3-20H Well; NW1/4 NE1/4 NE1/4 NW1/4 (BHL) of 20-28N-10W; TD 11,135.
SandRidge Exploration & Production LLC; West 2909 No. 3-18H Well; SE1/4 SW1/4 SE1/4 SW1/4 (SL) of 18-29N-09W; TD 9,634.
Garfield: Limestone Exploration II LLC; Hornet No. 1-6H Well; SW1/4 NW1/4 NW1/4 NE1/4 (SL) of 06-20N-03W; TD 10,664.
Grady: Marathon Oil Co.; Harrison No. 1-31H Well; SW1/4 SE1/4 SE1/4 SE1/4 (SL) of 31-03N-05W; TD 21,226.
Jefferson: K S & S Oil Co. Inc.; Rick Skinner SWD No. 16-1 Well; NE1/4 SE1/4 NW1/4 SW1/4 of 16-05S-07W; TD 2,499.
K S & S Oil Co. Inc.; Rick Skinner SWD No. 16-1 Well; NE1/4 SE1/4 NW1/4 SW1/4 of 16-07S-05W; TD 2,499.
Kay: Range Production Co.; Carolyn No. 26-8S Well; NW1/4 NE1/4 NE1/4 NE1/4 (SL) of 26-25N-01W; TD 9,600.
McClain: Charter Oak Production Co. LLC; Wile E. Coyote No. 1-1 Well; SW1/4 NW1/4 SE1/4 NE1/4 of 01-05N-02W; TD 8,202.
Ruffel Lance Oil & Gas Corp.; Weaver Unit No. 1-17 Well; C SW1/4 SW1/4 of 17-05N-04W; TD 12,179.
Noble: Highmount Operating LLC; McClure No. 36-1H Well; S1/2 S1/2 SE1/4 SW1/4 (SL) of 36-22N-02E; TD 8,700.
Highmount Operating LLC; McClure No. 36-2H Well; SE1/4 SW1/4 SE1/4 SW1/4 (SL) of 36-22N-02E; TD 8,800.
Nowata: CBM Gas Co. LLC; D topping No. 8 Well; C NE1/4 NE1/4 NW1/4 of 15-25N-14E; TD 1,350.
Pawnee: Territory Resources LLC; Osburn No. 1-26 Well; SW1/4 NW1/4 SE1/4 NE1/4 of 26-23N-03E; TD 4,100.
Payne: Devon Energy Production Co. LP; Chlouber 35-19N-3E No. 1MH Well; SW1/4 SE1/4 SW1/4 SE1/4 (SL) of 35-19N-03E; TD 8,676.
Seminole: Ruffel Lance Oil & Gas Corp.; Tucker No. 1-30H Well; SE1/4 NW1/4 NE1/4 SE1/4 (SL) of 30-08N-08E; TD 5,846.
Washita: Chesapeake Operating Inc.; Hulda 13-11-17 No. 1H Well; NE1/4 NE1/4 NE1/4 NW1/4 (BHL) of 13-11N-17W; TD 17,583.
Woods: Chaparral Energy LLC; McAlpin No. 2H-34 Well; NE1/4 NW1/4 NW1/4 NW1/4 (SL) of 03-27N-16W; TD 10,600.
SOURCE: OIL-LAW RECORDS CORP.
Friday's closing cattle and hog quotations from the Oklahoma National Stockyards.
Oklahoma Combined Weekly Auction Summary. Feeder Cattle Weighted Average Report and Cow and Bull Report for week of Jan. 25 to Thursday.
Receipts: 20,726; Last Week: 27,393; Last Year: 25,156
Combined weighted average report for Oklahoma auctions. Seven auctions reported this week: Ada, Apache Cows, Apache feeder sale, El Reno, Mcalester, Oklahoma City, Tulsa, and Woodward. Feeder steers and heifers sold $2-$5 higher. Feeder cattle demand much improved following several days of rallying on the CME futures. Steer and heifer calves sold $2-$5 higher. Recent rainfall across the state have boosted spirits of producers, with heavy chances of rain in the forecast for next weekend.
Feeder Steers: Medium and Large No. 1: Calves: 297 lbs. $225; 327 lbs. $217.33; 377 lbs. $208.85; 420 lbs. $205.96; 474 lbs. $189.06; 521 lbs. $177.81; 577 lbs. $165.21; 632 lbs. $155.61; 675 lbs. $151.44; Yearlings: 621 lbs. $157.56; 677 lbs. $152.66; 721 lbs. $149.80; 776 lbs. $145.48; 823 lbs. $142.47; 870 lbs. $141.08; 918 lbs. $136.39; 955 lbs. $135.76.
Feeder Heifers: Medium and Large No. 1: Calves: 328 lbs. $178.34; 381 lbs. $171.12; 427 lbs. $166.16; 475 lbs. $161.93; 523 lbs. $151.96; 577 lbs. $147.16; 637 lbs. $143.12; 671 lbs. $138.98. Yearlings: 623 lbs. $144.28; 670 lbs. $142; 716 lbs. $138.28; 766 lbs. $135.22; 826 lbs. $131.49; 867 lbs. $128.86; 926 lbs. $124.78.
Slaughter Cows: Average dressing Boners and Breakers $78-$85; Lean cows $78.50-$83.50.
Slaughter Bulls: Average dressing $95-$100.
Slaughter cattle $1 to $3 higher, dressed sales mostly $2 to $3 higher. Sales confirmed so far this week totaled about 105,342 head thru Friday afternoon. Last week 105,342.
Nebraska Feed yards: Live Basis: Steers and Heifers: few $124-$125.25
Dressed Basis Steers and Heifers: $200-$201
Texas and Kansas Feed Yards Live Basis: $123-125
Live Cattle: Feb. $127.10; April $132.17; June $127.75; Aug. $128.67
Feeder Cattle: March $149.20; April $152.12; May $154.70; Aug. $160.07.
Federally Inspected Cattle: 621,000 head up 5 percent from a year ago.
USDA'S CATTLE INVENTORY REPORT
All cattle and calves in the United States as of January 1, 2013 totaled 89.3 million head, 2 percent below the 90.8 million on January 1, 2012. This is the lowest January 1 inventory of all cattle and calves since the 88.1 million on hand in 1952. All cows and heifers that have calved, at 38.5 million, were down 2 percent from the 39.4 million on January 1, 2012. This is the lowest January 1 inventory of all cows and heifers that have calved since the 36.8 million head in 1941.
OKLAHOMA CITY DIRECT HOGS: Receipts this week 260 head.
Barrows and Gilts:
U.S. Nos. 1-3 220-270 lbs. $52
Sows: U.S. Nos. 1-3 300-500 lbs. $35-$38
U.S. Nos. 1-3 500-700 lbs. $43-$45
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 $88.34.
Friday's close. Dressed Basis (74% yield): Feb. $87.65; April $88.75; May $96.60; June $97.50.
Federally Inspected Hogs: 2.176 million head up .2 percent from a year ago.
Federally Inspected Sheep/Lambs: 38,000 head 5 percent higher than a year ago.
Estimated Composite Boxed Beef Cutout Values: Friday.
Box beef cut-out values: $4.06 lower than last Friday.
Choice 600-900 lbs. $182.56; Select 600-900 lbs. $178.62.
Beef: 495.5 million lbs. down 2.7 percent from a year ago.
Pork: 452.2 million lbs. down 3.8 percent from a year ago.
Lamb: 2.7 million lbs. down 6.8 from a year ago.
Cattle Carcass Weights – National Average:
This week estimate: 800 lbs.; Last week estimate: 802 lbs.; Last years actual: 789 lbs.
SOURCE: USDA-OKLAHOMA DEPARTMENT MARKET NEWS SERVICE