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
Crude oil prices dropped nearly $2/bbl for December delivery on the New York market Oct. 22 after a weekly US government report showed a larger-than-expected increase in crude oil inventories.Tuesday, 23 April 2013 10:49
US Sen. Ronald L. Wyden (D-Ore.), who chaired the Energy and Natural Resources Committee before taking the Finance Committee’s helm in early February, urged the US Department of Energy to begin reevaluating the US Strategic Petroleum Reserve as the Government Accountability Office recommended in an Oct. 20 report.Tuesday, 23 April 2013 10:49
Alaska’s Division of Oil and Gas awarded two Beaufort Sea leases pending since 2011 and published tract maps for Nov. 19 Beaufort Sea and North Slope lease sales that accurately reflect the Arctic National Wildlife Refuge’s western boundary following a thorough review.Tuesday, 23 April 2013 10:49
Convening after the sudden death of Chairman and Chief Executive Officer Christophe de Margerie, the board of Total SA has unanimously appointed Thierry Desmarest as chairman and Patrick Pouyanne as CEO and president of the executive committee.Tuesday, 23 April 2013 10:49