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

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-vision

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

where-we-are

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

Oil & Gas News

  • UNION CARBIDE PLANS MULTIPLASTICS RECYCLING

    Plastics recycling efforts are accelerating in the U.S., with Union Carbide Chemicals & Plastics Co. Inc. planning to build a large multiplastics recycling plant in New Jersey. The expandable 40 million lb/year plant is to start up in first quarter 1991, subject to regulatory approvals, at Union Carbide's technical and manufacturing complex at Piscataway, N.J. It's the site of the first U.S. commercial scale production of plastics more than 50 years ago. Du Pont Co. and Waste
    Tuesday, 23 April 2013 10:49
  • MOBILE CHROMATOGRAPH PROVIDES TRUE PICTURE OF GAS MAKEUP

    A mobile gas chromatograph (GC) allows complete well-compliance testing, required by contract every 3 or 6 months, at the well site. Mounted in a truck (Fig. 1), the GC provides hydrocarbon analysis and BTU measurement through C6+, according to Western Gas Processors Ltd. When the truck arrives at a well site, the operator can check meter calibration, orifice plates, meter tubes, and analyze line gas with a self-calibrating BTU chromatograph which includes chromatogram printout. All work is
    Tuesday, 23 April 2013 10:49
  • WATCHING THE WORLD EMULATING KUWAIT

    With Roger Vielvoye from London Kuwait's policy of investing large chunks of its oil revenues in ventures outside the Middle East has earned admiration in many quarters. The acquisition of refining and marketing assets in Europe and now the Far East is the envy of many other oil producing states trying desperately-and belatedly-to set up a downstream base in main consuming areas. Kuwait's latest compliment comes from Norway, which plans to establish its own, much watered down version of
    Tuesday, 23 April 2013 10:49
  • SIX OPEC NATIONS HAVE 70.5% OF WORLD'S PROVEN OIL RESERVES

    Saleh M. Billo King Saud University Riyadh, Saudi Arabia The Arabian Peninsula proper is, a great half basin open to the north, and comprises about 90% of the total area of Mesopotamia (a part of modern Iraq)-Arabian Gulf, eastern Rub-al-Khali lowlands. The Tethyan trough was marked by relative stability during most of the Paleozoic. During Permian time this trough started to sink while simultaneously precipitating carbonate which gave way to marls and shales that were deposited in this trough
    Tuesday, 23 April 2013 10:49