LACT Unit definition

LACT Unit means a Lease Automatic Custody Transfer Unit including measurement devices, flow computer, and associated equipment at the Receipt Points.
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LACT Unit means an oil industry standard lease automated custody transfer unit comprised of a Coriolis mass measurement meter and BS&W monitor, as well as other necessary controls.
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LACT Unit means a Lease Automatic Custody Transfer unit designed for the automatic transfer of ownership of crude or condensate between the buyer and seller. A LACT Unit typically consists of one pump, six valves, and one regulator;
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Examples of LACT Unit in a sentence

  • The San Xxxxx Bay Pipeline and all facilities, machinery, fixtures and other miscellaneous equipment associated with and used solely in connection with the San Xxxxx Bay Pipeline, consisting of approximately 91,161 feet of the 16" crude pipeline beginning at the inlet to the 20" O.D. sphere launcher on Platform Elly and terminating with approximately 2,754 feet of 10" crude pipeline from the Beta Onshore Pump Station to the THUMS terminal downstream of the LACT Unit.

  • The measurements taken by each LACT Unit shall be binding on both Parties, absent fraud or manifest error.

  • The (a) inlet flange for each LACT Unit Facility and (b) each Condensate Loading Point.

  • LACT Unit........................................................

  • LACT Unit to Pipeline (Part A, Condition A106.B): If a facility has a LACT unit, an applicant may not want to be required to route emissions from truck loading to a method of reducing VOC emissions when the pipeline is unavailable and hydrocarbon liquids are temporarily loaded on trucks.

  • Each LACT Unit shall be capable of demonstrating a traceability to NIST standards.


More Definitions of LACT Unit

LACT Unit means the Lease Automatic Custody Transfer facilities, associated instrumentation, communication equipment, and such other materials and equipment (e.g., piping, fittings, clamps, custody quality meter(s), etc.) necessary for the automatic custody transfer measurement of Product quantity and quality from producing leases to the transportation carrier.
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Related to LACT Unit

  • Heat unit means a unit of energy equal to the product of the peak kilovoltage, milliamperes, and seconds, i.e., kVp x mA x second.

  • Animal Unit means a unit of measure used to compare differences in the production of animal manure and set forth in Minn. R. 7020.0300, subp. 5.

  • apartment unit means any residential dwelling unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • target unit means a facility or group of facilities to which an underlying agreement applies; “tCO2 equivalent” means tonnes of carbon dioxide equivalent;

  • New unit means a unit that commences commercial operation on or after November 15, 1990, including any such unit that serves a generator with a nameplate capacity of 25 MWe or less or that is a simple combustion turbine.

  • Trust Unit means units in the capital of the Trust;

  • British thermal unit or "Btu" means the amount of heat

  • LLC Unit means a common limited liability interest in the Company.

  • Family Unit means the Employee and his or her Dependents covered under the Plan.

  • Commercial unit means such a unit of goods as by commercial usage is a single whole for purposes of lease and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single article, as a machine, or a set of articles, as a suite of furniture or a line of machinery, or a quantity, as a gross or carload, or any other unit treated in use or in the relevant market as a single whole.

  • Management Unit means an area established by the Commission for management purposes.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Unit and “Quality” means the unit and quantity specified in the schedule.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Mobile food unit means a vehicle-mounted food service establishment designed to be readily movable.

  • Wastewater treatment unit means a device which:

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Budget unit means the unit for which the ANB of a district is calculated separately pursuant to 20-9-311.

  • Membership Unit means an outstanding common membership unit of the LLC.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.