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What does LACT stand for?

LACT stands for Lease Automatic Custody Transfer (automatic transfer of ownership of crude oil)

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

  • Business, finance, etc.

See other definitions of LACT

Other Resources:
We have 5 other meanings of LACT in our Acronym Attic

Samples in periodicals archive:

offers the Moyno[R] 2000 progressing cavity pumps for use in producing lease automatic custody transfer (LACT) applications in the oil and gas industry.