5L Properties, Inc. is a private Oil & Gas company located in Breckenridge, Texas. Founded by Leslie J. Griffith in 1993, 5L Properties, Inc. has over 20 years of experience in oil and gas exploration and the day-to-day operation of existing oil and gas properties. Our primary goal is to develop and operate oil and gas production in a thorough, efficient, and cost effective manner, thereby creating value for our partners at every stage in the life of an oil and gas property. Whether it be drilling, completion, recompletion, workover, or just the day-to-day hands-on operation of existing production, we strive to represent the best interests of our partners in all that we do. In addition to the physical operating of oil and gas properties, we also specialize in oil and gas accounting, such as joint interest billing and revenue distribution.

Our Strategy


5L Properties, Inc. was founded by the positive relationship between one man, Leslie J. Griffith, and the right group of people. After years of work in his accounting business, Mr.

Our Mission


Our mission is to provide value for our investors at every stage in the life of their oil and gas investment. Whether it be drilling a new prospect, further developing

Where We Are


Our office is located at: 129 West Walker, Suite B Breckenridge, TX 76424

Oil & Gas News for the week of Friday, 28 October 2016

  • Petronas reports fatality at Kertih gas processing complex

    Petronas Gas Bhd. (PGB), a subsidiary of state-run Petroleum Nasional Bhd. (Petronas), is investigating the cause of an unidentified incident at its Gas Processing Kerith (GPK) complex in Kertih, Terengganu, Malaysia.

    Thursday, 27 October 2016 16:00
  • ConocoPhillips posts $1-billion loss, further cuts capex

    ConocoPhillips reported a third-quarter net loss of $1 billion, slightly down from a third-quarter 2015 net loss of $1.1 billion. The firm also plans to reduce its capital expenditures for the year to $5.2 billion from $5.5 billion.

    Thursday, 27 October 2016 16:00
  • Peabody named Husky president, CEO; Ghosh to retire

    Asim Ghosh is retiring Dec. 5 as president and chief executive officer of Husky Energy Inc. He has held the titles since June 2010 and will remain on the board, which he joined in May 2009.

    Thursday, 27 October 2016 16:00
  • MARKET WATCH: Brent crude oil drops below $50/bbl on OPEC doubts, US inventory

    The Brent contract for December delivery dipped under $50/bbl in Oct. 26 trading on the London market while the light, sweet crude oil price for December delivery settled just above $49/bbl on the New York market.

    Thursday, 27 October 2016 15:00