18 July 2017

Lease

1) a legal document executed between a landowner, as lessor, and a company or individual, as lessee, that grants the right to exploit the premises for […]
25 July 2017

Lease Automatic Custody Transfer (LACT)

The measurement, sampling, and transfer of oil from the producer’s tanks to the connected pipeline on an automatic basis without a representative of either the producer […]
18 July 2017

Liner

Any string of casing whose top is situated at any point below the surface.
18 July 2017

Location

The place where a well is drilled.