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 Monday, 24 April 2017

  • Australian government resurrects west-east gas pipeline concept

    The long-considered concept of a natural gas pipeline linking fields in Western Australian to markets along the country’s east coast has been resurrected by the federal government as a possible way to solve the looming domestic gas supply shortages in the east.

    Friday, 21 April 2017 15:00
  • MARKET WATCH: NYMEX oil price hovers around $50/bbl; Brent, $53/bbl

    The light, sweet crude oil prices for May delivery fell modestly on the New York market Apr. 20 but settled above $50/bbl while Brent crude oil for June delivery gained slightly to settle at nearly $53/bbl on the London market.

    Friday, 21 April 2017 14:00
  • API: US petroleum demand in March at highest level since 2008

    Total petroleum deliveries in March increased 0.2% from March 2016 to average nearly 19.7 million b/d—the highest March deliveries in 9 years, according to data from the American Petroleum Institute.

    Thursday, 20 April 2017 21:00
  • Warren, Markey ask FERC to halt pipeline’s construction for rehearing

    Massachusetts’ two US senators asked the Federal Energy Regulatory Commission to revoke its Apr. 12 permission for Tennessee Gas Pipeline Co. (TGP) to begin construction of a natural gas pipeline project in the western Bay State until a rehearing can be held. Nearly a year has passed since FERC granted a request for the rehearing, Democrats Elizabeth Warren and Edward J. Markey said in their Apr. 18 letter to FERC Acting Chairman Cheryl LaFleur.

    Thursday, 20 April 2017 21:00
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