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 Wednesday, 25 May 2016
Parsley Energy Inc., Midland, Tex., has agreed to acquire mineral rights on 29,813 acres in the Southern Delaware basin with an average royalty interest of 17.5% for $280.5 million in cash.Tuesday, 24 May 2016 20:00
Volatile oil and natural gas prices have accelerated planning by energy executives to change their business models, KPMG Global Energy Institute said May 24 with the release of annual survey results of US senior energy executives.Tuesday, 24 May 2016 19:00
Venezuela and Trinidad and Tobago have signed a unitization and unit operating agreement for the development and production of the 10-tcf Loran Manatee cross-border natural gas fields that the two countries share.Tuesday, 24 May 2016 18:00
Kinder Morgan Inc. has officially withdrawn its application to the US Federal Energy Regulatory Commission for the Northeast Energy Direct (NED) natural gas pipeline.Tuesday, 24 May 2016 16:00