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 for the week of Friday, 06 May 2016

  • Apache reports first-quarter net loss of $489 million

    Houston independent Apache Corp. reported a first-quarter net loss of $489 million, including noncash, aftertax ceiling test writedowns of $325 million driven primarily by low commodity prices. That compares with a net loss of $7.2 billion in fourth-quarter 2015 and a first-quarter 2015 net loss of $4.7 billion.

    Friday, 06 May 2016 14:00
  • Newfield to acquire STACK acreage from Chesapeake unit

    Newfield Exploration Co., The Woodlands, Tex., has agreed to acquire 42,000 net acres in the Anadarko basin STACK play from a subsidiary of Chesapeake Energy Corp., Oklahoma City, for $470 million. The deal is effective Apr. 1, and is expected to close during the second quarter.

    Friday, 06 May 2016 14:00
  • MARKET WATCH: NYMEX natural gas price falls on high inventory

    Light, sweet crude prices touched above $46/bbl on the New York market May 5 before settling at about $44.30/bbl upon lingering world oil oversupply concerns despite fires in Canada that threaten oil sands producers.

    Friday, 06 May 2016 14:00
  • OTC: Panel seeks to energize deepwater projects

    “Nothing draws people together like a common enemy,” said Maersk Oil Houston’s President Bruce Laws, “and the common enemy right now is low commodity prices.” Laws, who addressed an audience at the Offshore Technology Conference in Houston on May 4, was part of a panel discussing worldwide oil and gas deepwater development.

    Thursday, 05 May 2016 21:00
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