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, 05 December 2016

  • OPEC limits are positive step in changed market, speakers tell forum

    The Organization of Petroleum Exporting Countries took a good first step when its members agreed to limit production and exports at its recent meeting, a former Saudi Arabian petroleum minister said. But the cartel probably won’t exert the kind of global market influence it did in the 1970s and ’80s because unconventional production has established a strong, lasting position, Ali Ibrahim Al-Naimi and two oil industry executives agreed.

    Friday, 02 December 2016 20:00
  • MARKET WATCH: Oil-price rally from OPEC agreement eases

    The Nov. 30 agreement by members of the Organization of Petroleum Exporting Countries to collectively cut production delivered a jolt of excitement amongst traders and resulted in an accompanying spike in crude oil prices during the week ended Dec. 2.

    Friday, 02 December 2016 16:00
  • Neff to head Chevron Africa & Latin America E&P

    Clay Neff has been named president of Chevron Africa & Latin America Exploration & Production.

    Friday, 02 December 2016 16:00
  • Senate panel splits on cause of renewable fuel quota shortfalls

    A US Senate Homeland Security and Government Affairs subcommittee divided over two reports the Government Accountability Office issued 2 days earlier about the US biofuels industry’s ability to produce enough supplies to meet future Renewable Fuel Standard (RFS) quotas and to reach the RFS’s greenhouse gas (GHG) reduction goals.

    Friday, 02 December 2016 16:00