OIL AND GAS PRICES
Oklahoma crude oil prices as of 5 p.m. Friday:
Sunoco Inc. — $98.25
Sunoco Inc. — $86.25
Oklahoma oil and gas drilling activity posted March 11:
Carter: Charter Oak Production Co. LLC; Heavenly Valley No. 1-28 Well; W1/2 E1/2 NW1/4 SW1/4 of 28-03S-03W; 79 barrels oil per day, 280,000 cu-ft gas per day; TD 8,949.
Garfield: ARP Oklahoma LLC; Otterhound No. 3-8H Well; NE1/4 SE1/4 SE1/4 SE1/4 (BHL) of 08-24N-07W; 254 barrels oil per day, 1,186,000 cu-ft gas per day; TD 10,613.
Payne: Brittany Energy LLC; Grip No. 1-12 Well; SE1/4 SE1/4 SE1/4 NW1/4 of 12-17N-01E; 5 barrels oil per day; TD 5,080.
Texas: Scout Energy Management LLC; Northwest Flats Unit No. 7-11 Well; NW1/4 NW1/4 NW1/4 NE1/4 of 14-06N-11E; 9.4 barrels oil per day; TD 4,750.
Unit Petroleum Co.; Herm No. 1-11H Well; NE1/4 SE1/4 SE1/4 SE1/4 (SL) of 11-01N-19E; 18 barrels oil per day, 8,000 cu-ft gas per day; TD 10,525.
Unit Petroleum Co.; Herm No. 1-14H Well; NE1/4 SE1/4 SE1/4 SE1/4 (SL) of 11-01N-19E; 17 barrels oil per day, 19,000 cu-ft gas per day; TD 10,722.
Unit Petroleum Co.; Wilson Estate No. 1-35H Well; SW1/4 SW1/4 SE1/4 SE1/4 (SL) of 35-02N-19E; 31 barrels oil per day, 90,000 cu-ft gas per day; TD 10,590.
INTENT TO DRILL
Alfalfa: Chesapeake Operating Inc.; Grace 22-26-12 No. 1H Well; SE1/4 NE1/4 NW1/4 NW1/4 (SL) of 22-26N-12W; TD 10,900.
SandRidge Exploration & Production LLC; 7B Ranch 2811 No. 2-12H Well; SE1/4 SE1/4 SW1/4 SE1/4 (SL) of 12-28N-11W; TD 9,977.
Beckham: Linn Operating Inc.; Mikles 6-10-24 No. 1H Well; SW1/4 SE1/4 SW1/4 SW1/4 (BHL) of 06-10N-24W; TD 13,900.
Carter: Mack Energy Co.; Pierce Unit No. 18-7 Well; C SW1/4 SW1/4 of 07-02S-02W; TD 2,750.
XTO Energy Inc.; Ginger No. 6-36H31X32 Well; SW1/4 SE1/4 NE1/4 SE1/4 (SL) of 36-03S-03E; TD 16,500.
XTO Energy Inc.; Ginger No. 8-36H31X32 Well; SW1/4 SE1/4 NE1/4 SE1/4 (SL) of 36-03S-03E; TD 17,300.
XTO Energy Inc.; Ginger No. 9-36H31X32 Well; SW1/4 SE1/4 NE1/4 SE1/4 (SL) of 36-03S-03E; TD 17,650.
Creek: NBI Services Inc.; Scott Oglesby No. 2-34 Well; NW1/4 NW1/4 NW1/4 NW1/4 of 04-16N-07E; TD 2,962.
Ellis: Triad Energy Inc.; Kenny No. 1-24H Well; SW1/4 SE1/4 SW1/4 SW1/4 (SL) of 13-19N-25W; TD 14,000.
Garfield: SandRidge Exploration & Production LLC; Frost 2407 No. 3-23H Well; SE1/4 SW1/4 SW1/4 SE1/4 (SL) of 23-24N-07W; TD 11,520.
SandRidge Exploration & Production LLC; Mitchell Redgate 2406 No. 1-12H Well; NE1/4 NW1/4 NE1/4 NW1/4 (SL) of 12-24N-06W; TD 11,345.
Grant: Fairway Resources Operating LLC; Lebeda No. 2-12H Well; SE1/4 SW1/4 SW1/4 SW1/4 (SL) of 12-28N-06W; TD 9,590.
SandRidge Exploration & Production LLC; Nancy 2507 No. 2-32H Well; SE1/4 SE1/4 SW1/4 SE1/4 (SL) of 32-25N-07W; TD 11,434.
Kay: International Energy Corp.; Langley No. 3-5 Well; C NE1/4 SW1/4 SW1/4 of 03-25N-01E; TD 4,800.
Logan: Slawson Exploration Co. Inc.; Belford No. 1-21H Well; SW1/4 SW1/4 SW1/4 SW1/4 (SL) of 21-19N-04W; TD 11,500.
Slawson Exploration Co. Inc.; Wigeon No. 1-9H Well; SW1/4 SE1/4 SW1/4 SW1/4 (SL) of 04-16N-03W; TD 11,500.
Pawnee: Mid-Con Energy Operating LLC; Williams No. 8A Well; S1/2 SE1/4 SE1/4 NE1/4 of 30-21N-08E; TD 2,499.
Seminole: Postrock Midcontinent Production LLC; Varnum No. 4-1H Well; SE1/4 NW1/4 SE1/4 SW1/4 (SL) of 04-09N-06E; TD 7,446.
SOURCE: OIL-LAW RECORDS CORP.
Friday's livestock report from the Oklahoma City Stockyards:
Receipts: 26,262 Last Week 31,502 Last Year 20,473
Combined weighted average report for Oklahoma auctions. Seven auctions reported this week: Ada, Apache, Mcalester, OKC West, Oklahoma National Stockyards, Tulsa, and Woodward. Feeder steers under 800 lbs sold $2-$3 higher, over 800 lbs sold mostly steady. Feeder heifers $1-$3 higher. Steer and heifer calves sold $2-$6 higher with grazing type cattle selling to a higher demand. Rain fell across the state in the middle part of the week bringing a little relief to area wheat fields and pastures.
Steers: Medium and Large 1: (weighted average): Calves: 328 lbs. $257.91; 379 lbs. $237.49; 422 lbs. $233.70; 472 lbs. $227.66; 524 lbs. $216.38; 576 lbs. $210.35; 619 lbs. $184.06; 666 lbs. $184.94; Yearlings: 625 lbs. $199.53; 672 lbs. $187.97; 725 lbs. $180.74; 775 lbs. $174.32; 824 lbs. $167.27; 867 lbs. $162.11; 916 lbs. $157.96; 973 lbs. $152.97; 1,017 lbs. $150.07.
Heifers: Medium and Large 1: (weighted average): Calves: 322 lbs. $216.57; 375 lbs. $216.17; 425 lbs. $206.28; 474 lbs. $201.04; 523 lbs. $195.24; 576 lbs. $185.96; 636 lbs. $173.70; Yearlings: 628 lbs. $177.48; 677 lbs. $171.23; 731 lbs. $166.17; 771 lbs. $158.96; 818 lbs. $154.20; 867 lbs. $151; 928 lbs. $148.80.
Slaughter Cows: Average dressing Boners and Breakers $106-$114; Lean cows $97-$103.50. Slaughter bulls Average dressing $119-$126.
Slaughter cattle steady - $2 higher in Texas and Kansas. Nebraska live trade was steady - $2 higher and dressed trades were $3 higher as of Friday afternoon.
Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 79,500 head. Last week's total head count was 733,687 head.
Nebraska Feed yards Live Basis: Steers and Heifers: $152-$154.
Dressed Basis: Steers and Heifers: $244-$245.
Texas and Kansas Feed Yards Live Basis: $150-$152.
Live Cattle: April $146.47; June $138.52; August $135.42; October $139.87.
Feeder Cattle: April $179.50; May $179.87; August $181.15; September $180.65.
Federally Inspected Cattle: 585,000 head down 2.2 percent from a year ago.
Oklahoma National Stockyards Hog Buying Station. 290 head this week.
Barrows and Gilts: mostly steady to $2 lower.
US 1-3 220-270 lbs. $70-$72
Sows: Steady to $3 higher.
US 1-3 300-500 lbs. $66-$73
US 1-3 500-700 lbs. $71-$78
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 not reported due to confidentiality.
Dressed Basis (74 percent yield): APR $125.47; MAY $125.30; JUN $129.30; JUL $126.20.
Federally Inspected Hogs: 2.033 million down 7.0 percent from a year ago.
Federally Inspected Sheep/Lambs: 43,000 down 2.3 from a year ago.
Estimated Composite Boxed Beef Cutout Values:
Friday Box beef cut-out values: $6.82 lower than last Friday.
Choice 600-900 lbs. $234.46 Select 600-900 lbs. $227.34.
Beef: 465.4 million lbs. down 1 percent from a year ago.
Pork: 434.2 million lbs. down 4.3 percent from a year ago.
Lamb: 3 million lbs. unchanged from a year ago.
Cattle Carcass Weights - National Average
This week estimate: 797 lbs.; Last week estimate: 799 lbs.; Last year's actual: 788 lbs.
SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE