LACT

Definition(s)


LACT

LACT (“Lease Automated Custody Transfer”  ) shall mean the transfer of produced crude oil or condensate, after processing or treating in the producing operations, from storage vessels or automated transfer facilities to pipelines or any other form of transportation.

Source: Oil and Gas Conservation Commission, Practice and Procedure, Code of Colorado Regulations, 2 CCR 404-1, February 2013. Regulations