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 for the week of Saturday, 27 May 2017
US gasoline prices heading into Memorial Day weekend average $2.40/gal, up 10Â¢ from last year’s average, the US Energy Information Administration reported.Friday, 26 May 2017 20:00
Oil and gas producers in Canada face new controls on methane emissions under regulations proposed May 25 by the federal government.Friday, 26 May 2017 17:00
Buru Energy Ltd., Perth, has moved to a 100% interest in Ungani oil field in the onshore Canning basin of Broome in Western Australia following a transformational deal with its joint venture partners Diamond Resources (Fitzroy) Pty. Ltd. and Diamond Resources (Canning) Pty. Ltd. Both Diamond companies are wholly owned subsidiaries of Mitsubishi Corp.Friday, 26 May 2017 16:00
Penn West Petroleum Ltd., Calgary, is proposing a name change to Obsidian Energy Ltd. following a major restructuring and renovation effort.Friday, 26 May 2017 16:00