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Posts Tagged ‘lease automatic custody transfer’

LACT Units versus Tank Gauging for Custody Transfer at Well Pads

Posted in Flow, Oil & Gas on Monday, November 3rd, 2014. 7 comments so far
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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 royalties are calculated on these values, measurement accuracy and reproducibility are important. […]

LACT Unit Base Volume versus Base Prover Volume

Posted in Flow, Oil & Gas on Wednesday, August 27th, 2014. 2 comments so far
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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 custody transfer process exchanging oil & gas production between business entities is a […]

How to Prove Your LACT Meter

Posted in Flow, Oil & Gas on Wednesday, April 23rd, 2014. 3 comments so far
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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 tank gauging and other systems: for instance, increased measurement accuracy, better use of labor, […]

Lease Automation Custody Transfer Units

Posted in Flow, Oil & Gas on Monday, March 3rd, 2014. 4 comments so far
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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 pipeline, or any other transportation means. Many interests can be involved: producers, carriers, royalty […]