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 Thursday, 29 September 2016

  • BLM seeks comments on EA for February Southeastern Utah lease sale

    The US Bureau of Land Management’s Utah Canyon Country District is seeking public comments on an environmental assessment it prepared for its plan to offer 6,741 acres of southeastern Utah land it administers at a February 2017 oil and gas lease sale.

    Wednesday, 28 September 2016 17:00
  • Jones Energy completes deal to enter STACK, SCOOP

    Jones Energy Inc., Austin, has closed on its acquisition of 18,000 net acres in the Oklahoma STACK-SCOOP play from Scoop Energy Co. LLC, a platform company of American Energy Partners LP., for $136.5 million.

    Wednesday, 28 September 2016 17:00
  • Karoon Gas Australia acquires partner’s interest off Brazil

    Karoon Gas Australia Ltd. of Melbourne has made a binding sale and purchase agreement for the acquisition of partner Pacific Exploration & Production Corp.’s 35% interest in five Santos basin blocks offshore Brazil.

    Wednesday, 28 September 2016 17:00
  • EIA: US crude inventories drop 1.9 million bbl

    US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased 1.9 million bbl during the week ended Sept. 23 from the previous week’s total to 502.7 million bbl, according to the US Energy Information Administration’s Petroleum Status Report.

    Wednesday, 28 September 2016 16:00