With the Permian Basin and Eagle Ford shale oil & gas production regions here in Texas, there is a need to accurately measure the transfer of produced fluids using Lease Automatic Custody Transfer (LACT) units. These LACT units accurately measure crude oil transfers between financial parties.
Onshore oil & gas well pads have long used small lease tanks to hold the crude oil before transferring to be hauled away, typically by crude hauling trucks. Traditionally, this custody transfer process has involved operators climbing up the lease tanks, opening...
For onshore oil & gas producers, how accurate are your measurements from allocations at the wellhead to custody transfer? In a recorded webinar, Produced Fluids Management – Getting Paid for What you Produce, Emerson's Michael Machuca describes the financial gains...
Author: Michael Machuca Manual tank gauging is very prevalent in onshore oil and gas facilities located in the United States. It is viewed as a low-cost, effective solution to manage tank inventory and custody transfer measurements. The API 18.1 standard governs the...
The exchange of crude oil between seller and buyer is known as custody transfer. A simple example of this is the gas pump where you fill up your car. The pump must accurately measure the fuel and determine/collect payment for the amount transferred into your gas tank....
One of the byproducts of the shale oil & gas revolution in the United States has been the need for trucking of crude oil where pipelines do not yet exist. In an August E&P magazine article, Automation optimizes trucking operations, Emerson's Joey Raskie and Al...
Author: Rossella Mimmi The economic impact of custody transfer in the oil and gas industry is huge. Transferred fluids are expensive, so producers, carriers and end users want to make sure that quantity and quality are measured very precisely. Also, as taxes and...
Update: I should have also mentioned that Rossella will be conducting an October 15 webinar, Optimizing Wellpad Custody Transfer of Liquid Hydrocarbons. If you're in the onshore oil & gas industry, you'll want to register and bring your custody transfer questions. The...
Author: Rossella Mimmi Lease Automatic Custody Transfer (LACT) units provide a method to transfer the ownership of crude oil from the production facilities to pipelines or trucks. Their use is constantly increasing due to the many advantages they present compared to...
Author: Rossella MimmiIf you've been around the oil & gas business, particularly in North America, you're likely familiar with the LACT acronym. Lease Automatic Custody Transfer is the point where the custody of oil is transferred from the producer to the...
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