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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

  • Nelson vows to block Murkowski’s stand-alone crude oil bill

    The US Senate Energy and Natural Resources Committee approved Chair Lisa Murkowski’s (R-Alas.) bill to end the ban on exporting US-produced oil. But Sen. Bill Nelson (D-Fla.) immediately said he would try to block it procedurally because of the measure’s provision expanding the number of coastal states sharing federal offshore oil and gas revenue.

    Tuesday, 23 April 2013 10:49
  • Industry 2Q earnings, jobs dissolve amid continued oil-price slump

    A difficult year thus far for the integrated, multinational oil and gas firms caused by low oil prices has been somewhat eased by improved production and better refining margins. However, overall earnings and spending are down, and in the case of Royal Dutch Shell PLC, conditions are resulting in job cuts.

    Tuesday, 23 April 2013 10:49
  • OGUK survey shows ‘slight improvement’ in outlook in second quarter

    The UK oil and gas industry remains fragile, but the outlook has improved in the second quarter, according to Oil & Gas UK.

    Tuesday, 23 April 2013 10:49
  • Phillips, ETP, Sunoco JV to build, operate Bayou Bridge oil pipeline

    Phillips 66, Houston; Energy Transfer Partners LP (ETP), Dallas; and Sunoco Logistics Partners LP, Philadelphia, have formed a joint venture to construct the Bayou Bridge pipeline, which will deliver crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Tex., to Lake Charles, La.

    Tuesday, 23 April 2013 10:49
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