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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

  • MOU signed on Uganda-Tanzania crude line

    The governments of Uganda and Tanzania, the Tanzanian Petroleum Development Corp., and Total E&P Uganda have signed a memorandum of understanding on “development principles” for a crude oil pipeline between Hoima, Uganda, and Tanga Port, Tanzania.

    Tuesday, 23 April 2013 10:49
  • Eni, BP take licenses offshore Egypt in 2015 bid round

    Eni SPA and BP PLC have been awarded exploration rights to the 1,927-sq-km Block 4 and 1,389-sq-km Block 7 offshore Egypt following the 2015 Egyptian Natural Gas Holding Co. (Egas) bid round.

    Tuesday, 23 April 2013 10:49
  • Ireland approves Shell to operate Corrib gas plant

    Ireland’s Environmental Protection Agency (IEPA) has approved a license for Royal Dutch Shell PLC to operate its onshore gas processing plant and terminal at Bellanaboy Bridge, Bellagelly South, in County Mayo, which will receive and process as much as 10 million cu m/day of natural gas from Corrib field about 83 km off northwestern Ireland.

    Tuesday, 23 April 2013 10:49
  • Phillips 66 slashes 2016 capital budget by $1 billion

    Phillips 66 reported plans for a 2016 capital budget of $3.6 billion, excluding Phillips 66 Partners’ capital program. That’s down from the $4.6 billion the Houston-based firm budgeted for 2015.

    Tuesday, 23 April 2013 10:49
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