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
Maritime industries’ use of LNG instead of diesel to fuel its vessels is changing from potential to reality, speakers agreed at a Mar. 3 discussion at the Brookings Foundation. New ship, barge, and boat orders increasingly specify dual-fuel capability, and LNG’s favorable economics are holding up surprisingly well despite the recent crude-oil price plunge, they said.Tuesday, 23 April 2013 10:49
As the US prepares to chair the Arctic Council later this year, it recognizes that international decisions can directly affect Alaska and its residents and plans to closely engage with them, Adm. Robert J. Papp Jr., the US Department of State’s Special Representative for the Arctic, told the US Senate Energy and Natural Resources Committee.Tuesday, 23 April 2013 10:49
The United Steelworkers union (USW) and Royal Dutch Shell PLC, which serves as lead company for National Oil Bargaining negotiations, have agreed to return to the bargaining table in an attempt to resolve USW’s more than 5-week-long unfair labor practice strike in effect at US refineries and associated installations.Tuesday, 23 April 2013 10:49
Venezuela and neighboring Trinidad and Tobago have signed an agreement that will enable both countries to develop the Manakin-Cocuina natural gas fields along their shared maritime border.Tuesday, 23 April 2013 10:49