OIL AND GAS PRICES
Oklahoma crude oil prices as of 5 p.m. Friday:
Sunoco Inc. — $92.50
Sunoco Inc. — $80.50
Oklahoma oil and gas drilling activity posted Apr. 12:
Ellis: Chesapeake Operating Inc.; Catherine 8-20-25 No. 1H Well; SW1/4 SW1/4 SE1/4 SW1/4 (SL) of 08-20N-25W; 120 barrels oil per day, 841,000 cu-ft gas per day; TD 12,788.
Chesapeake Operating Inc.; D Ran 22-20-26 No. 1H Well; NW1/4 NE1/4 NW1/4 NW1/4 (SL) of 22-20N-26W; 307 barrels oil per day, 492,000 cu-ft gas per day; TD 12,853.
Garfield: Veritas Energy LLC; Hoffman No. 21-SWD1 Well; NW1/4 NE1/4 NW1/4 NW1/4 of 21-23N-03W; TD 7,350.
Greer: Autry Lynson Inc.; Autry No. 3 Well; NW1/4 NE1/4 SE1/4 SW1/4 of 09-06N-21W; Dry TD 365.
Kay: Yale Oil Association Inc.; Acton Ranch No. 2-10 Well; SE1/4 NE1/4 NE1/4 NW1/4 of 10-28N-05E; Dry TD 3,560.
Logan: Stephens Production Co.; Tontz No. 1-32H Well; N1/2 N1/2 NE1/4 NE1/4 (SL) of 32-17N-03W; 450 barrels oil per day, 732,000 cu-ft gas per day; TD 10,235.
Pawnee: Mid-Con Energy Operating Inc.; Frazee No. 21 Well; C NE1/4 NW1/4 NW1/4 of 29-21N-08E; 25 barrels oil per day; TD 2,810.
Pontotoc: Crown Energy Co.; Allen No. 1-21H Well; SE1/4 NE1/4 NE1/4 SE1/4 (SL) of 21-03N-07E; 7,000 cu-ft gas per day; TD 4,575.
Roger Mills: Chesapeake Operating Inc.; ARLP 35-16-22 No. 1H Well; SE1/4 SW1/4 SE1/4 SE1/4 (SL) of 35-16N-22W; 95 barrels oil per day, 28,000 cu-ft gas per day; TD 13,021.
Texas: Mid-Con Energy Operating Inc.; WPWFU-Higgins No. 5-3 Well; N1/2 NW1/4 SW1/4 SW1/4 of 05-02N-16E; 1 barrels oil per day; TD 6,015.
Mid-Con Energy Operating Inc.; WP2-Laird No. 36-9 Well; C SE1/4 SW1/4 of 36-03N-15E; 100 barrels oil per day; TD 6,006.
Woods: Midstates Petroleum Co. LLC; Small No. 1H-16 Well; NE1/4 NW1/4 NE1/4 NW1/4 (SL) of 16-25N-13W; 215 barrels oil per day, 2,066,000 cu-ft gas per day; TD 9,900.
INTENT TO DRILL
Beaver: Remnant Energy Inc.; Payday North No. 1 Well; NW1/4 SW1/4 SW1/4 SE1/4 of 19-05N-22E; TD 5,600.
Creek: Trillant Energy Texas Ltd.; Wild Hog No. 2-14 Well; NW1/4 SE1/4 SW1/4 SW1/4 of 14-18N-09E; TD 3,250.
Ellis: Chesapeake Operating Inc.; Dickson 12-16-23 No. 1H Well; SE1/4 SE1/4 SW1/4 SE1/4 (SL) of 12-16N-23W; TD 13,500.
Primary Natural Resources III LLC; Berryman No. 2-25H Well; S1/2 S1/2 SE1/4 SW1/4 (SL) of 25-17N-24W; TD 14,181.
McClain: Charter Oak Production Co. LLC; Misty No. 1-36 Well; NE1/4 SW1/4 SW1/4 SE1/4 of 36-07N-03W; TD 8,996.
Oklahoma: Pedestal Oil Co. Inc.; Gregg No. 3D Well; C NE1/4 NW1/4 of 08-14N-02W; TD 6,300.
Payne: Calyx Energy LLC; Williams No. 20-2MH Well; SW1/4 SW1/4 SE1/4 SE1/4 (SL) of 20-18N-01E; TD 9,545.
Pontotoc: Citation Oil & Gas Corp.; East Fitts Unit No. 15-34 Well; NE1/4 SE1/4 NE1/4 NW1/4 of 28-02N-07E; TD 4,270.
Citation Oil & Gas Corp.; East Fitts Unit No. 15-36 Well; SE1/4 NE1/4 SW1/4 NE1/4 of 28-02N-07E; TD 4,120.
Citation Oil & Gas Corp.; East Fitts Unit No. 2-22 Well; N1/2 N1/2 SE1/4 SE1/4 of 21-02N-07E; TD 4,500.
Citation Oil & Gas Corp.; East Fitts Unit No. 22-5 Well; SW1/4 SE1/4 SE1/4 NW1/4 of 27-02N-07E; TD 4,200.
Citation Oil & Gas Corp.; East Fitts Unit No. 29-18 Well; NE1/4 SE1/4 NW1/4 SW1/4 of 28-02N-07E; TD 4,100.
Stephens: Banner Oil & Gas LLC; School Land No. SL-60 Well; SW1/4 SW1/4 SW1/4 NW1/4 of 14-03S-05W; TD 1,200.
Banner Oil & Gas LLC; School Land No. SL-61 Well; NW1/4 SW1/4 SW1/4 NW1/4 of 14-03S-05W; TD 1,200.
Banner Oil & Gas LLC; School Land No. SL-62 Well; NE1/4 SW1/4 SW1/4 NW1/4 of 14-03S-05W; TD 1,200.
Nitro Petroleum Inc.; Giant No. 1-21 Well; NE1/4 SE1/4 NW1/4 NW1/4 of 21-02N-08W; TD 6,700.
SOURCE: OIL-LAW RECORDS CORP.
Oklahoma Combined Weekly Auction Summary. Feeder Cattle Weighted Average Report and Cow and Bull Report for the week of May 3 to Thursday.
Receipts: 21,130; Last Week 27,720; Last Year 33,635.
Combined weighted average report for Oklahoma auctions. Seven auctions reported this week: Apache, El Reno, McAlester, Oklahoma City, Tulsa and Woodward. Feeder steers sold 1-5 lower. Feeder heifers 2-4 lower. Stocker cattle and calves lightly tested for the week but a weak undertone noted. Demand for feeder cattle fell this week due to a bearish market on the CME. On a positive note, rain continues to fall here in Oklahoma with decent rain chances remaining in the forecast.
Feeder Steers: Medium and Large No. 1: Calves: 323 lbs. $197.07; 383 lbs. $178.76; 431 lbs. $173.99; 478 lbs. $164.79; 525 lbs. $161.69; 569 lbs. $154.41; 619 lbs. $135.96; 671 lbs. $134.49; 716 lbs. $130.22. Yearlings: 620 lbs. $147.37; 683 lbs. $140.74; 734 lbs. $135.21; 769 lbs. $132.37; 818 lbs. $129.62; 872 lbs. $124.41; 923 lbs. $121.71; 967 lbs. $119.26; 1017 lbs. $116.17.
Feeder Heifers: Medium and Large No. 1: Calves: 334 lbs. $163.20; 375 lbs. $155.40; 430 lbs. $153.21; 470 lbs. $147.65; 519 lbs. $141.75; 580 lbs. $138.75; 622 lbs. $128.79; 682 lbs. $124.18; 713 lbs. $119.80. Yearlings: 623 lbs. $130.80; 677 lbs. $127.85; 725 lbs. $125.08; 770 lbs. $122.75; 822 lbs. $118.87; 866 lbs. $116.61; 926 lbs. $113.27; 979 lbs. $112.41.
Slaughter Cows: Average dressing Boners and Breakers $80.50-$89; Lean cows $75-$81.50. Slaughter bulls Average dressing $97.50-$103.50.
Slaughter cattle $2-$3 lower. Dressed sales $3-$4 lower. Sales confirmed so far this week totaled about 34,000 head through Friday afternoon. Last week 116,637.
Nebraska Feed Yards Live Basis: Steers and Heifers: $126.
Dressed Basis Steers and Heifers: $202-$204.
Texas and Kansas Feed Yards Live Basis: $126.
Live Cattle: June $120.45; Aug. $120.77; Oct. $123.92; Dec. $125.67.
Feeder Cattle: May $135.37; Aug. $146.62; Sep $148.82; Oct. $150.75.
Federally Inspected Cattle: 631,000 head down 1.6 percent from a year ago.
OKLAHOMA CITY DIRECT HOGS
Receipts: 265 head this week
Barrows and Gilts:
U.S. Nos. 1-3 220-270 lbs., $48.
U.S. Nos. 1-3 300-500 lbs., $42-$44.
U.S. Nos. 1-3 500-700 lbs., $46-$48.
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 $90.12.
Dressed Basis (74% yield): May $92; June $90.50; July $90.90; Aug. $90.
Federally Inspected Hogs: 2.078 million head down 0.8 percent from a year ago.
Federally Inspected Sheep/Lambs: 39,000 head up 8.3 percent from a year ago.
Estimated Composite Boxed Beef Cutout Values: Friday.
Box beef cutout values: $2.19 higher than last Friday. Choice 600-900 lbs. $204.98. Select 600-900 lbs. $191.20.
Beef: 492.9 million lbs. down 1 percent from a year ago.
Pork: 431.6 million lbs. down 0.8 percent from a year ago.
Lamb: 2.8 million lbs. no change from a year ago.
Cattle Carcass Weights — National Average
This week estimate: 783 lbs.; Last week estimate: 785 lbs.; Last year's actual: 778 lbs.
SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE