Lease Automatic Custody Transfer - How is Lease Automatic Custody Transfer abbreviated?
LACT (redirected from Lease Automatic Custody Transfer)
Also found in: Encyclopedia
|LACT||Lower Alloways Creek Township (New Jersey)|
|LACT||Lease Automatic Custody Transfer (automatic transfer of ownership of crude oil)|
|LACT||Los Angeles City Traffic Test (brakes)|
|LACT||Last Activity (credit)|
|LACT||Lucas Area Community Theater (Lucas, KS)|
|LACT||Los Angeles College Tour, Inc.|
|LACT||Library of Anglo-Catholic Theology|
|LACT||Light Air Cavalry Troop|
References in periodicals archive
In 2016, the Bonny Terminal operator installed new Lease Automatic Custody Transfer
("LACT") units on the NCTL line where crude enters the Bonny Terminal, and has now allocated an average of 24% pipeline losses to all operators using NCTL for 2016 (compared with 9% assumed in the Admission Document).
Valin Corporation is in the final stages of successfully commissioning 65 Lease Automatic Custody Transfer
systems (LACT) for an oil gathering project in the Myrmidon field in the Bakken Shale Play in North Dakota.
offers the Moyno[R] 2000 progressing cavity pumps for use in producing lease automatic custody transfer
(LACT) applications in the oil and gas industry.