OIL AND GAS PRICES
Oklahoma crude oil prices as of 5 p.m. Friday:
Sunoco Inc. — $92.25
Sunoco Inc. — $80.25
Oklahoma oil and gas drilling activity posted Jan 2:
INTENT TO DRILL
Alfalfa: SandRidge Exploration & Production LLC; Lawilda 2810 No. 2-30H Well; SE1/4 SE1/4 SW1/4 SW1/4 (SL) of 19-28N-10W; TD 11,048.
Carter: Chatham Jimmy R; STTSU No. 18-7 Well; C S1/2 NW1/4 NW1/4 of 36-01S-03W; TD 3,650.
XTO Energy Inc.; Sweeten No. 2-2H Well; SW1/4 SW1/4 SE1/4 SE1/4 (SL) of 02-04S-02E; TD 19,080.
XTO Energy Inc.; Sweeten No. 3-2H Well; SW1/4 SW1/4 SE1/4 SE1/4 (SL) of 02-04S-02E; TD 18,740.
XTO Energy Inc.; Sweeten No. 4-2H Well; SW1/4 SW1/4 SE1/4 SE1/4 (SL) of 02-04S-02E; TD 18,800.
XTO Energy Inc.; Sweeten No. 5-2H Well; SW1/4 SW1/4 SE1/4 SE1/4 (SL) of 02-04S-02E; TD 18,730.
Creek: Culbreath Oil & Gas Co. Inc.; Wheeler No. 2-20 Well; S1/2 NW1/4 SE1/4 NE1/4 of 20-17N-09E; TD 3,400.
Grady: Marathon Oil Co.; Soldier Creek BIA No. 1-26H Well; SE1/4 SW1/4 SE1/4 SW1/4 (SL) of 26-05N-06W; TD 19,695.
Grant: SandRidge Exploration & Production LLC; Kilian 2805 No. 3-7H Well; NW1/4 NW1/4 NE1/4 SW1/4 of 07-28N-05W; TD 10,693.
Love: XTO Energy Inc.; Cathey No. 1-18H Well; SW1/4 NW1/4 NW1/4 NW1/4 (SL) of 18-07S-02E; TD 21,400.
Noble: Palm Oil & Gas Co.; Sidney No. 2-24 Well; C W1/2 W1/2 NE1/4 of 24-23N-02W; TD 4,885.
Oklahoma: Stephens & Johnson Operating Co.; OKC So. Wilcox Unit No. 8-17 Well; SW1/4 NW1/4 SE1/4 SE1/4 (SL) of 26-11N-03W; TD 7,050.
Pawnee: HighMount Operating LLC; Barnhart No. 1H-22 Well; SE1/4 SW1/4 SW1/4 SE1/4 (SL) of 22-22N-03E; TD 8,610.
HighMount Operating LLC; Ripley No. 31-3H Well; SW1/4 SE1/4 SE1/4 SE1/4 (SL) of 31-22N-04E; TD 8,400.
Seminole: New Dominion LLC; Manos No. 2-30H Well; SE1/4 SE1/4 SE1/4 NE1/4 (SL) of 30-11N-08E; TD 9,549.
Reed Power Tongs Inc.; Billie Marie No. 1 Well; C N1/2 SE1/4 SW1/4 of 32-08N-08E; TD 4,200.
Woods: SandRidge Exploration & Production LLC; Meier 2816 No. 1-22H Well; NE1/4 SW1/4 SW1/4 SW1/4 (SL) of 22-28N-16W; TD 10,719.
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. 18 to Thursday.
Receipts: 27,393; Last Week: 29,142; Last Year: 27,625
Combined weighted average report for Oklahoma auctions. Seven auctions reported this week: Ada, Apache Cows, Apache feeder sale close, El Reno, McAlester, Oklahoma City, Tulsa, and Woodward. Feeder cattle sold $2-$4 lower. Feeder cattle demand diminished following several days of sharp declines in the cattle futures. Steer and heifer calves steady to $2 lower, lighter weight calves holding mostly steady. Weather continues very dry across the state with minimum chances of rain in the forecast.
Feeder Steers: Medium and Large No. 1: Calves: 289 lbs. $215.79; 330 lbs. $215.09; 379 lbs. $206.91; 426 lbs. $198.42; 472 lbs. $184.14; 526 lbs. $177.25; 572 lbs. $163.99; 625 lbs. $150.19; 670 lbs. $146; Yearlings: 613 lbs. $155.81; 668 lbs. $149.80; 725 lbs. $146.31; 781 lbs. $143.75; 822 lbs. $141.32; 872 lbs. $138.46; 920 lbs. $135.73; 969 lbs. $133.25.
Feeder Heifers: Medium and Large No. 1: Calves: 333 lbs. $174.55; 379 lbs. $167.66; 431 lbs. $162.47; 477 lbs. $157.25; 533 lbs. $151.43; 571 lbs. $145.54; 627 lbs. $139.49; 671 lbs. $132.84; Yearlings: 625 lbs. $140.69; 677 lbs. $138.90; 726 lbs. $135.55; 779 lbs. $132.18; 824 lbs. $129.45; 876 lbs. $128.49; 922 lbs. $129.12; 957 lbs. $123.92.
Slaughter Cows: Average dressing Boners and Breakers $79-$83.50; Lean cows $73-$77.50. Slaughter Bulls: Average dressing $94.50-$99.
Slaughter cattle steady to $3 lower, dressed sales mostly steady to $1 higher. Sales confirmed so far this week totaled about 105,342 head through Friday afternoon. Last week 68,065.
Nebraska Feed yards: Live Basis: Steers and Heifers: few $122-$124
Dressed Basis Steers and Heifers: $198-$199
Texas and Kansas Feed Yards Live Basis: $122
Live Cattle: Feb. $126.30; April $130.75; June $126.52; Aug. $127.25
Feeder Cattle: Jan. $144.70; March $147.95; April $151.15; May $154.32.
Federally Inspected Cattle: 625,000 head up 4 percent from a year ago.
USDA'S CATTLE ON FEED REPORT
Cattle on feed as of Jan. 1 totaled 11.2 million head, 94 percent of a year ago. Placements of cattle in the feedlots during December totaled 1.66 million head, 99 percent of a year ago. Cattle weighing under 600 lbs. 30 percent of the total placements; 600-700 lbs. 25 percent; 700-800 lbs. 23 percent; and 800 lbs. and up were 22 percent of the total placements. Marketings of fed cattle during the month of December totaled 1.75 million head 98 percent of a year ago.
OKLAHOMA CITY DIRECT HOGS: Receipts this week 225 head
Barrows and Gilts: U.S. Nos. 1-3 220-270 lbs. $52
Sows: U.S. Nos. 1-3 300-500 lbs. $35-$42
U.S. Nos. 1-3 500-700 lbs. $44-$46
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 $85.64.
Friday's close. Dressed Basis (74% yield): Feb. $86.82; April $88.92; May $96.35; June $97.07.
Federally Inspected Hogs: 2.159 million head up 0.2 percent from a year ago.
Federally Inspected Sheep/Lambs: 37,000 head unchanged from a year ago.
Estimated Composite Boxed Beef Cutout Values: Friday.
Box beef cutout values: $1.57 lower than last Friday.
Choice 600-900 lbs. $187.44; Select 600-900 lbs. $181.86.
Beef: 500.1 million lbs. up 6.2 percent from a year ago.
Pork: 448 million lbs. up 0.1 percent from a year ago.
Lamb: 2.6 million lbs. down 10.3 percent from a year ago.
Cattle Carcass Weights — National Average
This week estimate: 802 lbs.; Last week estimate: 803 lbs.; Last year's actual: 786 lbs.
SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE