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

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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

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Oil & Gas News

  • EIA: Gulf Coast crude oil inventories reach record level

    Crude oil inventories on the US Gulf Coast reached a record high of 207.2 million bbl on Apr. 11, as a result of the continuing strong crude oil production growth, the opening of TransCanada’s Marketlink Pipeline, and a drop in crude oil inputs at Gulf Coast refineries due to seasonal maintenance, according to the US Energy Information Administration.

    Tuesday, 23 April 2013 10:49
  • MARKET WATCH: Crude oil prices mixed on likely Libyan exports, Ukraine talks

    Brent crude oil prices climbed above $109/bbl on the London market Apr. 16 while crude oil prices gained only marginally on the New York market as world oil markets received mixed signals from international political news, analysts noted.

    Tuesday, 23 April 2013 10:49
  • US gas reserve growth in 2013 was robust, AGA estimates

    US natural gas producers added more than 35 tcf of reserves in 2013, the American Gas Association said in its latest annual preliminary estimate based on reported results by the 30 largest companies representing more than half of the total US production and reserves.

    Tuesday, 23 April 2013 10:49
  • GAO report links changed US refining outlook to main causes

    Higher North American crude oil production, shrinking product markets, and a pair of federal regulations have significantly affected the US refining outlook, the US Government Accountability Office said in an Apr. 14 report.

    Tuesday, 23 April 2013 10:49