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Glossary:Lease automatic custody transfer
Lease Automatic Custody Transfer Units, or LACT Units as they are commonly abbreviated are metering equipment designed to accurately gauge the volume and quality of crude oil as it changes custody from one party to another. LACT Units provide the means of correctly determining compensation, which makes them very important to both parties. A LACT Unit is only as good as the meters and parts which comprise it. Different types of LACT Units use different types of flowmeters to accurately measure the custody transfer of the crude oil. The type of meter the system uses will typically depend on a variety of characteristics and considerations about the well. A LACT Unit’s flowmeter is a good fit for the particular well when it is designed to successfully overcome the primary hurdles at that well.[1]