What does ACT stand for?

Automatic Custody Transfer

This definition appears very rarely and is found in the following Acronym Finder categories:

Military and Government

Other Resources:

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Samples in periodicals archive:

s say, the oil generally flows through an automated system called a LACT unit, which stands for Lease Automatic Custody Transfer.

Oil and Gas Measurement

Howell owns or leases 32 automatic custody transfer (ACT) units adjacent to crude oil pipelines, 10 of which are located on the three pipelines being acquired from Exxon.

HOWELL TO ACQUIRE CRUDE OIL PIPELINES FROM EXXON