automatic custody transfer


Also found in: Acronyms.

automatic custody transfer

[¦ȯd·ə¦mad·ik ′kəs·təd·ē ‚tranz·fər]
(petroleum engineering)
Automatic system for measuring and sampling oil or petroleum products at points of receipt or delivery.
References in periodicals archive ?
The Three Rivers Crude System, located in the Eagle Ford shale region in South Texas, consisting of 11 crude oil truck unloading sites with lease automatic custody transfer units and a 1-mile, 12-inch pipeline with a capacity of 110,000 barrels per day that delivers crude oil to tanks at Valero's Three Rivers refinery.
offers the Moyno[R] 2000 progressing cavity pumps for use in producing lease automatic custody transfer (LACT) applications in the oil and gas industry.
These systems include completed skid mounted gas sales metering systems, Lease Automatic Custody Transfer (L.

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