LACT definition

LACT means lease automated custody transfer and facilities.
View Source
LACT as used herein used means Lease Automatic Custody Transfer units downstream of each CPF that allow for the delivery of Crude Petroleum to Carrier at a Receipt Point.
View Source
LACT means a lease automatic custody transfer unit. “Line Fill” has the meaning set forth in Item 30.A.
View Source

Examples of LACT in a sentence

  • Prior to ordering and purchasing the LACT meter unit, Gatherer shall provide Producer with the cost analysis and options for purchasing the LACT meter unit.

  • Measurement at each Receipt Point shall be conducted by either LACT meter unit or hand gauging only if such LACT meter units are not installed by Gatherer.

  • Any facility or equipment used to measure the volume of Gas or Liquid Hydrocarbons, which may include meter tubes, LACT units, isolation valves, tank strappings, recording devices, communication equipment, buildings and barriers.

  • Gatherer shall provide at least two Days’ advance notice to Shipper of all provings and related calibration activities for any LACT meter unit.

  • The San ▇▇▇▇▇ Bay Pipeline and all facilities, machinery, fixtures and other miscellaneous equipment associated with and used solely in connection with the San ▇▇▇▇▇ Bay Pipeline, consisting of approximately 91,161 feet of the 16" crude pipeline beginning at the inlet to the 20" O.D. sphere launcher on Platform Elly and terminating with approximately 2,754 feet of 10" crude pipeline from the Beta Onshore Pump Station to the THUMS terminal downstream of the LACT Unit.


More Definitions of LACT

LACT means lease automatic custody transfer.
View Source
LACT means Lease Automatic Custody Transfer and includes all equipment necessary to transfer volume from the connected location to the pipeline.
View Source
LACT means Lease Automatic Custody Transfer.
View Source
LACT means Lease Automatic Custody Transfer units.
View Source
LACT means lease automated custody transfer equipment and facilities.
View Source
LACT has the meaning given such term in Section 3.1(a).
View Source
LACT has the meaning set forth in Section 2.3(a).
View Source