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.
Oil & Gas News for the week of Thursday, 25 August 2016
Results published by the US Bureau of Ocean Energy Management (BOEM) indicate a new low in industry interest for western Gulf of Mexico lease sales. Just three firms submitted 24 bids on 24 blocks in Lease Sale 248 on Aug. 24, BOEM reported from the event in New Orleans. Bids totaled $18 million.Wednesday, 24 August 2016 17:00
PDC Energy Inc., Denver, has agreed to acquire two privately held units managed by energy-focused privately equity firm Kimmeridge Energy Management Co. LLC, including 57,000 net acres in Reeves and Culberson counties in Texas, with average working interest of 93%, for $1.5 billion.Wednesday, 24 August 2016 16:00
China National Offshore Oil Corp. Ltd. posted a net loss of Â¥7.74 billion for the first 6 months of 2016 against a profit of Â¥14.73 billion a year earlier.Wednesday, 24 August 2016 16:00
The US Energy Information Administration estimates US crude oil stockpiles rose enough last week offset the previous week’s losses.Wednesday, 24 August 2016 15:00