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

  • Western gulf lease sale attracts $110 million in high bids

    Gulf of Mexico western planning area Lease Sale 238 drew 93 bids from 14 companies over 81 blocks covering 433,823 acres, totaling $109,951,644 in apparent high bids, reported the US Bureau of Ocean Energy Management (BOEM), which held the event on Aug. 20 in New Orleans.

    Tuesday, 23 April 2013 10:49
  • TSB report outlines ‘multitude of factors’ behind Lac-Megantic train derailment

    A multitude of factors led to July 6 derailment of a runaway train in Lac Megantic, Que., carrying 72 carloads of Bakken crude oil bound for Irving Oil Ltd.’s refinery in Saint John, NB, according to an investigation report released Aug. 19 by the Transportation Safety Board of Canada (TSB).

    Tuesday, 23 April 2013 10:49
  • USCG proposes higher offshore oil spill liability limits

    The US Coast Guard proposed higher offshore oil spill liability limits under the 1990 Oil Pollution Act to reflect significant increases in the Consumer Price Index.

    Tuesday, 23 April 2013 10:49
  • Lawler to lead BP’s US Lower 48 onshore business

    BP PLC has appointed David Lawler as chief executive officer of its Houston-based US Lower 48 onshore business that’s slated to formally become a separate entity in early 2015.

    Tuesday, 23 April 2013 10:49