OIL AND GAS PRICES
Oklahoma crude oil prices as of 5 p.m. Friday:
Sunoco Inc. — $98.50
Sunoco Inc. — $86.50
Oklahoma oil and gas drilling activity posted April 30:
Alfalfa: SandRidge Exploration & Production LLC; Rose 2510 No. 2-20H Well; SW1/4 SW1/4 SE1/4 SW1/4 (SL) of 20-25N-10W; 3,344,000 cu-ft gas per day, 184 barrels oil per day; TD 10,369.
Canadian: Payrock Energy LLC; Stiles 14 07 No. 1-4H Well; SE1/4 SW1/4 SW1/4 SE1/4 (SL) of 04-14N-07W; 215 barrels oil per day, 168,000 cu-ft gas per day; TD 13,964.
Ellis: Le Norman Operating LLC; Molly No. 1H-30 Well; NE1/4 SE1/4 SW1/4 SE1/4 (SL) of 19-17N-24W; 236 barrels oil per day, 1,461,000 cu-ft gas per day; TD 14,575.
Garfield: Plymouth Exploration LLC; Miss Charlaine No. 1-33H Well; SE/5 SE1/4 SW1/4 SW1/4 (SL) of 28-24N-04W; 110 barrels oil per day, 475,000 cu-ft gas per day; TD 10,460.
SandRidge Exploration & Production LLC; Charly SWD 2407 No. 2-9 Well; NW1/4 NE1/4 NE1/4 NE1/4 of 09-24N-07W; TD 8,125.
Grant: Muegge Clay A; Hyder Mulkey No. 11 Well; E1/2 NW1/4 NW1/4 NE1/4 of 07-25N-04W; 42.6 barrels oil per day, 184,000 cu-ft gas per day; TD 5,970.
SandRidge Exploration & Production LLC; Bruce 2507 No. 1-33H Well; SW1/4 SW1/4 SE1/4 SE1/4 (SL) of 33-25N-07W; 315 barrels oil per day, 1,592,000 cu-ft gas per day; TD 10,589.
Logan: Slawson Exploration Co. Inc.; House Wren No. 1-36H Well; SE1/4 SE1/4 SE1/4 SW1/4 (SL) of 25-17N-03W; 172 barrels oil per day, 629,000 cu-ft gas per day; TD 10,615.
McClain: Okland Oil Co.; Brody No. 1-20 Well; SE1/4 SE1/4 NW1/4 SE1/4 of 20-07N-03W; 175 barrels oil per day D 11,035.
Roger Mills: Le Norman Operating LLC; Bruce No. 1H-9 Well; S1/2 S1/2 SW1/4 SE1/4 (SL) of 09-17N-25W; 236 barrels oil per day, 444,000 cu-ft gas per day; TD 14,022.
Seminole: New Dominion LLC; Nealon No. 1-17H Well; SW1/4 NE1/4 SW1/4 SW1/4 (BHL) of 17-11N-08E; 34,000 cu-ft gas per day; TD 10,023.
Silver Creek Oil & Gas LLC; Sears No. 18-2H Well; NE1/4 NE1/4 NW1/4 NW1/4 (SL) of 18-06N-08E; 164 barrels oil per day, 35,000 cu-ft gas per day; TD 8985.
Silver Creek Oil & Gas LLC; Space Needle No. 17-2H Well; NW1/4 NE1/4 NW1/4 NW1/4 (SL) of 17-06N-08E; 82 barrels oil per day, 44,000 cu-ft gas per day; TD 8772.
Woods: SandRidge Exploration & Production LLC; Clint 2816 No. 2-23H Well; NE1/4 NE1/4 NW41/4 NE1/4 (SL) of 26-28N-16W; Horizontal Hole TD 10,425.
Triad Energy Inc.; Jane No. 1-22H Well; SE1/4 SE1/4 SW1/4 SW1/4 (SL) of 22-26N-13W; 75 barrels oil per day, 726,000 cu-ft gas per day; TD 10,336.
INTENT TO DRILL
Alfalfa: Chesapeake Operating Inc.; Betty Jobes 23-25-12 No. 2H Well; NW1/4 NE1/4 NE1/4 NW1/4 of 23-25N-12W; TD 11,200.
Chesapeake Operating Inc.; Mary Pelter 14-25-12 No. 1H Well; NW1/4 NE1/4 NE1/4 NW1/4 (BHL) of 14-25N-12W; TD 11,200.
Chesapeake Operating Inc.; Mary Pelter No. 14-25-12 No. 2H Well; NW1/4 NW1/4 NW1/4 NE1/4 (BHL) of 14-25N-12W; TD 11,200.
Chesapeake Operating Inc.; Raleigh Jobes No. 23-25-12 Well; NW1/4 NE1/4 NE1/4 NW1/4 of 23-25N-12W; TD 11,200.
Beckham: Enervest Operating LLC; Beck Real Estate 26 No. 3HC Well; E1/2 NW1/4 NE1/4 NE1/4 of 26-11N-23W; TD 17,537.
Garfield: Longfellow Energy LP; Eddie Mack No. 2-M3H Well; SW1/4 SW1/4 SW1/4 SE1/4 of 02-20N-05W; TD 10,558.
Kay: International Energy Corp.; Bonfy No. 24-16 Well; C S1/2 SW1/4 of 24-25N-01E; TD 4,800.
International Energy Corp.; Phipps No. 23-4 Well; S1/2 NE1/4 SE1/4 SE1/4 of 23-25N-01E; TD 4,800.
Kingfisher: Husky Ventures Inc.; Bass Boys No. 1-1H Well; SW1/4 SW1/4 SE1/4 SW1/4 of 01-16N-05W; TD 11,331.
Pontotoc: Citation Oil & Gas Corp.; East Fitts Unit No. 17-9 Well; SW1/4 NE1/4 SE1/4 NW1/4 of 28-02N-07E; TD 4,150.
Citation Oil & Gas Corp.; East Fitts Unit No. 29-19 Well; SE1/4 NW1/4 NW1/4 SW1/4 of 28-02N-07E; TD 4,150.
Citation Oil & Gas Corp.; East Fitts Unit No. 34-14 Well; SE1/4 SE1/4 NE1/4 SW1/4 of 28-02N-07E; TD 4,060.
Citation Oil & Gas Corp.; East Fitts Unit No. 34-15 Well; SW1/4 SW1/4 NE1/4 SE1/4 of 28-02N-07E; TD 4,100.
Stephens: Jenkins Charley W dba Jenkins Oil Co.; Frensley No. 5A Well; NE1/4 SW1/4 NW1/4 SW1/4 of 36-01S-05W; TD 800.
Woodward: Range Production Co.; Aaron No. 1-29H Well; SW1/4 SW1/4 SE1/4 SW1/4 of 20-23N-21W; TD 13,000.
SOURCE: OIL-LAW RECORDS CORP.
Friday's livestock report from the Oklahoma City Stockyards:
Receipts: 30,163; Last Week 31,537; Last Year 28,268
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 $3-$5 higher. Feeder heifers sold $2-$4 higher. Steer and heifer calves sold $2-$3 higher. Heavy weight cattle continue to be well represented across the state. Cool, spring-like temperatures covered the area this week bringing with it a few scattered thunderstorms.
Steers: Medium and Large No. 1: (weighted average): Calves: 324 lbs. $279.60; 371 lbs. $253.87; 426 lbs. $243.52; 483 lbs. $237.27; 521 lbs. $223.09; 579 lbs. $214.15; 617 lbs. $202.93; 677 lbs. $190.13; Yearlings: 628 lbs. $207.02; 677 lbs. $198.73; 720 lbs. $193.39; 773 lbs. $187.32; 823 lbs. $180.85; 873 lbs. $177.02; 928 lbs. $169.52; 970 lbs. $165.24; 1,018 lbs. $160.89; 1,073 lbs. $156.61.
Heifers: Medium and Large No. 1: (weighted average): Calves: 325 lbs. $241.27; 377 lbs. $231.25; 426 lbs. $217.33; 473 lbs. $214.35; 515 lbs. $203.68; 577 lbs. $193.66; 622 lbs. $183.20; Yearlings: 625 lbs. $191.64; 665 lbs. $182.29; 725 lbs. $178.43; 774 lbs. $171.66; 822 lbs. $166.17; 874 lbs. $162.48; 916 lbs. $158.21; 969 lbs. $154.85; 1,012 lbs. $141.97.
Slaughter Cows: Average dressing Boners and Breakers $105-$112; Lean cows $96-$103. Slaughter bulls average dressing $123-$130.
Direct live cattle trade in the South Plains $1 lower and in the Midwest $2-$3 lower. Dressed sales $2 lower. Slaughter cattle on a national basis for negotiated cash trades through Friday morning totaled about 30,000. Last week's total head count was 85,404 head.
Nebraska Feed yards
Live Basis: Steers and Heifers: 146.00-147.00.
Dressed Basis: Steers and Heifers: 234.00-235.00.
Texas and Kansas Feed Yards
Live Basis: 145.00.
CATTLE ON FEED
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.6 million head on May 1, 2014. The inventory was 1 percent below May 1, 2013.
Live Cattle: June $137.90; Aug. $138.38; Oct. $142.30; Dec. $144.78.
Feeder Cattle: May $187.30; Aug. $193.33; Sept. $194.30; Oct. $194.38.
Federally Inspected Cattle: 581,000 head down 6.2 percent from a year ago.
Oklahoma National Stockyards Hog Buying Station. 150 head this week.
Barrows and Gilts: steady to firm.
U.S. Nos. 1-3 220-270 lbs., $70-$75.
Sows: Steady to $2 lower.
U.S. Nos. 1-3 under 350 lbs., $65
U.S. Nos. 1-3 350-500 lbs., $73-$80
U.S. Nos. 1-3 500-700 lbs., $82-$84
Boars: 200-250 lbs., $25; over 250 lbs., $7
Western Cornbelt Direct Lean Hog Base Price weighted average price of packers bids on a carcass basis delivered to packing plants Friday was $108.81.
Dressed Basis (74 percent yield): June $118.93; July $125.25; Aug. $125.60; Oct. $106.10.
Federally Inspected Hogs: 1.999 million, down 4.1 percent from a year ago.
Federally Inspected Sheep/Lambs: 41,000, up 1.6 from a year ago.
Estimated Composite Boxed Beef Cutout Values: Friday Box beef cut-out values: $3.63 higher than last Friday. Choice 600-900 lbs., $225.98; Select 600-900 lbs., $216.71.
Beef: 465.7 million lbs., down 8.5 percent from a year ago.
Pork: 433 million lbs., up 3 percent from a year ago.
Lamb: 2.9 million lbs., down 6.5 percent from a year ago.
Cattle Carcass Weights - National Average: This week estimate: 790 lbs.; Last week estimate: 792 lbs.; Last year's actual: 780 lbs.
SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE