OIL AND GAS PRICES
Oklahoma crude oil prices as of 5 p.m. Friday:
Sunoco Inc. — $100.75
Sunoco Inc. — $88.75
Oklahoma oil and gas drilling activity posted May 7:
Alfalfa: SandRidge Exploration & Production LLC; Joe Bishop 2811 No. 2-23H Well; N1/2 N1/2 N1/2 NW1/4 (SL) of 23-28N-11W; 353.3 barrels oil per day, 1,816,000 cu-ft gas per day; TD 9736.
Carter: Chatham, Jimmy R.; RCFU No. 7-8 Well; NE1/4 SE1/4 NW1/4 NE1/4 of 21-01S-03W; 7 barrels oil per day; TD 3200.
Chatham, Jimmy R.; RCFU No. 7-9 Well; NE1/4 NW1/4 SE1/4 NE1/4 of 21-01S-03W; 8 barrels oil per day, 10,000 cu-ft gas per day; TD 3158.
Kay: SandRidge Exploration & Production LLC; Harvey 2502 No. 2-36H Well; SW1/4 SE1/4 SW1/4 SE1/4 (SL) of 36-25N-02W; 524 barrels oil per day, 934,000 cu-ft gas per day; TD 9214.
Trek Resources Inc.; Andrews No. 15-1 Well; C NE1/4 SE1/4 SW1/4 of 15-29N-01W; 17 barrels oil per day, 22,000 cu-ft gas per day; TD 3865.
Logan: Devon Energy Production Co. LP; Beck 26-18N-2W No. 1WH Well; SW1/4 SE1/4 SE1/4 SE1/4 (SL) of 26-18N-02W; Horizontal Hole TD 10,528.
Murray: Synergex Inc.; Collie James No. B-1 Well; S1/2 SW1/4 NE1/4 NW1/4 of 02-01S-02E; TD 4547.
Nowata: CEP Mid-Continent LLC; Hollister No. 9 Well; NW1/4 NW1/4 NW1/4 NW1/4 of 14-25N-14E; 7 barrels oil per day, 18,000 cu-ft gas per day; TD 1330.
Stephens: Kodiak Oil & Gas Inc.; Tomlin No. 14 Well; NW1/4 NW1/4 SW1/4 NW1/4 of 15-03S-05W; TD 2177.
Pruitt Operating Co. LLC; Emerson No. 20 Well; C E1/2 NW1/4 SE1/4 of 22-01S-05W; TD 784.
Sanquip LLC; Cleary-Stephens No. 4-I Well; W1/2 NW1/4 NW1/4 NW1/4 of 14-03S-05W; TD 1500.
Woods: SandRidge Exploration & Production LLC; Briana 2816 No. 4-26H Well; NW1/4 NE1/4 NW1/4 NE1/4 (SL) of 26-28N-16W; 316 barrels oil per day, 1402,000 cu-ft gas per day; TD 9895.
INTENT TO DRILL
Beckham: GLB Exploration Inc.; Evans Trust No. 1 Well; C E1/2 NE1/4 of 10-08N-21W; TD 6200.
Blaine: Valpoint Operating LLC; Gene Bell No. 1H-2 Well; SW1/4 SW1/4 SW1/4 SE1/4 of 02-19N-13W; TD 13,934.
Canadian: Devon Energy Production Co. LP; Brogden No. 2-35 Well; NE1/4 NW1/4 SW1/4 SW1/4 of 35-12N-10W; TD 12,000.
Devon Energy Production Co. LP; Hofmann 4-11N-8W No. 1H Well; N1/2 N1/2 NW1/4 NW1/4 of 04-11N-08W; TD 13,243.
Dewey: Lighthouse Oil & Gas LP; Walleye No. 1-23HC Well; E1/2 NW1/4 NW1/4 NE1/4 (BHL) of 23-16N-19W; TD 14,377.
Garfield: Wellco Energy Inc.; May No. 2-12 Well; S1/2 NW1/4 SE1/4 NW1/4 of 12-20N-04W; TD 6510.
Garvin: Merit Energy Co.; Nepu No. O-18-1 Well; NE1/4 NE1/4 SW1/4 NE1/4 of 12-03N-04W; TD 9650.
Johnston: XTO Energy Inc.; Barney No. 1-26H27 Well; NW1/4 NW1/4 SW1/4 NW1/4 (SL) of 26-04S-04E; TD 17,000.
Kay: International Energy Corp.; Cletus No. 28-4 Well; C SE1/4 SE1/4 SW1/4 of 28-25N-01E; TD 4800.
Lincoln: American Energy-Woodford LLC; Fayrview Ventures 25-17N-4E No. 1SWD Well; SE1/4 SW1/4 SW1/4 SW1/4 of 25-17N-04E; TD 5900.
Logan: Devon Energy Production Co. LP; Lemmons 14-19N-3W No. 2WH Well; NW1/4 SE1/4 SE1/4 SE1/4 of 14-19N-03W; TD 10,846.
Devon Energy Production Co. LP; Lemmons 23-19N-3W No. 5WH Well; NW1/4 SE1/4 SE1/4 SE1/4 (SL) of 14-19N-03W; TD 11,027.
Devon Energy Production Co. LP; Lemmons 23-19N-3W No. 6MH Well; NW1/4 SE1/4 SE1/4 SE1/4 (SL) of 14-19N-03W; TD 10,598.
Stephens Production Co.; Norris No. 1-23H Well; NE1/4 NW1/4 NE1/4 NE1/4 of 23-18N-04W; TD 10,800.
McClain: Red Rocks Oil & Gas Operating LLC; J. V. Norvill Unit No. 1 Well; C SW1/4 NW1/4 of 29-05N-04W; TD 11,700.
Noble: Dakota Exploration LLC; Taylor No. 2-8 Well; W1/2 E1/2 NW1/4 NE1/4 of 08-20N-01W; TD 5259.
Oklahoma: New Dominion LLC; Buckingham No. 1-30HC Well; NW1/4 SE1/4 SE1/4 SE1/4 of 30-14N-01E; TD 9854.
Wynn-Crosby Operating LP; Young No. 7-11 Well; C W1/2 NE1/4 of 11-14N-04W; TD 6700.
Pawnee: Tru Operating LLC; Harrington No. Prue 1-5 Well; C NE1/4 NE1/4 of 01-20N-05E; TD 3250.
Stephens: Citation Oil & Gas Corp.; Bull Rider No. 9-2 Well; SW1/4 NE1/4 NW1/4 NE1/4 of 09-02S-04W; TD 7715.
SOURCE: OIL-LAW RECORDS CORP.
Friday's livestock report from the Oklahoma City Stockyards:
Oklahoma Combined Weekly Auction Summary. Feeder Cattle Weighted Average Report and Cow and Bull Report for week of May 16 through Thursday.
Receipts: 40,531; Last week 30,784; Last year 26,766
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. $2-$4 higher, heavier weight cattle $4-$6 higher. Feeder heifers sold steady to $2 higher. Steer and heifer calves sold mostly steady in the early part of the week and by Wednesday traded to $4-$8 higher. Large numbers of heavy weight feeder cattle continue to be seen across at auctions across the state. Much needed rain is expected for all of Oklahoma this weekend.
Steers: Medium and Large No. 1: (weighted average): Calves: 317 lbs. $281.27; 386 lbs. $252.49; 425 lbs. $241.57; 470 lbs. $233.71; 524 lbs.$225.59; 576 lbs. $219.76; 620 lbs. $201.10; 665 lbs. $194.49; 720 lbs. $186.11; Yearlings: 618 lbs. $213.60; 675 lbs. $200.40; 728 lbs. $196.93; 771 lbs. $189.78; 819 lbs. $184.40; 869 lbs. $177.06; 922 lbs. $172.45; 972 lbs. $166.50; 1,023 lbs. $161.44; 1,068 lbs. $159.19.
Heifers: Medium and Large No. 1: (weighted average): Calves: 331 lbs. $240.30; 372 lbs. $237.87; 424 lbs. $225.31; 476 lbs. $213.83; 524 lbs. $205.89; 573 lbs. $194.90; 633 lbs. $184.21; Yearlings: 625 lbs. $187.96; 677 lbs. $182.85; 723 lbs. $178.48; 773 lbs. $174.47; 820 lbs. $166.62; 872 lbs. $164.52; 916 lbs. $159.86; 960 lbs. $156.92.
Slaughter Cows: Average dressing Boners and Breakers $103-$110; Lean Cows: $95-$102.50.
Slaughter Bulls: Average dressing $122-$129.
Slaughter cattle sold $1 lower in Texas and Kansas. Nebraska feedlots were steady to $1.50 lower. Slaughter cattle on a national basis for negotiated cash trades through Friday morning totaled about 67,100. Last week's total head count was 90,143 head.
Nebraska Feed Yards
Live Basis: Steers and Heifers: $146-$146.50.
Dressed Basis: Steers and Heifers: $232-$234
Texas and Kansas Feed Yards
Live Basis: $144.
Live Cattle: June $136.30; Aug. $137.12; Oct. $141.15; Dec. $144.25.
Feeder Cattle: Aug. $192.85; Sept. $194.15; Oct. $194.10; Nov. $193.32.
Federally Inspected Cattle: 599,000 head down 8.3 percent from a year ago.
Oklahoma National Stockyards Hog Buying Station. 200 head this week.
Barrows and Gilts:
U.S. Nos. 1-3 220-270 lbs., $70-$75.
U.S. Nos. 1-3 under 350 lbs., $6
U.S. Nos. 1-3 350-500 lbs., $68-$74
U.S. Nos. 1-3 500-700 lbs., $76-$78
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 $107.90.
Dressed Basis: (74 percent yield): June $116.80; July $123.72; Aug. $126.75; Oct. $105.95.
Federally Inspected Hogs: 1.973 million down 4.8 percent from a year ago.
Federally Inspected Sheep/Lambs: 39,000 down 7.1 from a year ago.
Estimated Composite Boxed Beef Cutout Values: Friday Box beef cut-out values: $4.92 higher than last Friday. Choice 600-900 lbs. $231.60 Select 600-900 lbs. $220.94.
Beef: 471.9 million lbs. down 7.8 percent from a year ago.
Pork: 427 million lbs. up 0.3 percent from a year ago.
Lamb: 2.9 million lbs. down 3.3 percent from a year ago.
Cattle Carcass Weights - National Average: This week estimate: 789 lbs.; Last week estimate: 790 lbs.; Last year's actual: 785 lbs.
SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE