The Value of a L.A.C.T. Unit

The Value of a L.A.C.T. Unit

The greatest effect on volume is temperature — typical crude oil will expand and contract at the rate of 2% per 40º F temperature change

  • The accumulation of errors present in the tank gauging may be as high as 1%
  • The potential annual losses in revenue, based on daily lease production and on $100 USD per barrel oil, would be as follows:

 

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