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LACT "Lease Automatic Custody Transfer", possible where measuring equipment installed at the point of transfer from lease to pipeline is so completely automated as not to require any manual activity or witnesses.
lay barge a barge used in the construction and placement of underwater pipelines.  Joints of pipe are welded together and then lowered off the stern of the barge as it moves ahead.
lazy board see jack board.
lease condensate a natural gas liquid recovered from gas well gas (associated and non-associated) in lease separators of field facilities.
lease separator a facility located at the surface for the purpose of:

(1) separating casinghead gas from produced crude oil and water at the temperature and pressure conditions of the separator; and

(2) separating gas from that portion of associated and non-associated gas which liquefies at temperature and pressure conditions of the separator.

live oil oil that contains gas.
load binder chain or rope used to tie down loads of equipment, or the "boomer" used to tighten the chains.
location the place at which a well is to be or has been drilled.
log a systematic recording of data, such as a a driller's log, mud log, electrical well log, or radioactivity log.  Many different logs are run in wells to obtain various characteristics of downhole formations.
lost circulation additives materials added to the mud in varying amounts to control or prevent lost circulation. Classified  as fiber, flake, or granular.
lost circulation material (LCM) a substance added to cement slurries or drilling mud to prevent the loss of cement or mud to the formation.  See bridging materials.
lost returns see lost circulation. lower kelly cock n: see drill stem safety valve
lower kelly valve an essentially full-opening valve installed immediately below the kelly, with outside diameter equal to the tool joint outside diameter.
low-solids fluid see low-solids mud
low-solids mud a drilling mud that contains a minimum amount of solid material (sand, silt, and so on) and that is used in rotary drilling when possible because it can provide fast drilling rates.
low-yield clay commercial clay chiefly of the calcium montmorillonite type and having a yield of approximately 15 barrels per ton.
LPG liquefied petroleum gas
lubricate 1. to apply grease or oil to moving parts

2. to lower or raise tools in or out of a well with pressure inside the well.  The term comes from the fact that a lubricant (grease) is often used to provide a seal against well pressure while allowing wireline to move in or out of the well.

lubricator stack a surface device used in slickline operations to keep the line lubricated and provide grease for pressure control
lyophilic having an affinity for the suspending medium, such as bentonite in water.
lyohilic colloid a colloid that is not easily precipitated from a solution and is readily dispersible after the precipitation by an addition of the solvent.
lyphobic colloid a colloid that is readily precipitated from a solution and cannot be redispersed by an addition of the solution.
lost circulation additives materials added to the mud in varying amounts to control or prevent lost circulation. Classified  as fiber, flake, or granular.
lost circulation material (LCM) a substance added to cement slurries or drilling mud to prevent the loss of cement or mud to the formation.  See bridging materials.
lost returns see lost circulation. lower kelly cock n: see drill stem safety valve
lower kelly valve an essentially full-opening valve installed immediately below the kelly, with outside diameter equal to the tool joint outside diameter.
low-solids fluid see low-solids mud
low-solids mud a drilling mud that contains a minimum amount of solid material (sand, silt, and so on) and that is used in rotary drilling when possible because it can provide fast drilling rates.
low-yield clay commercial clay chiefly of the calcium montmorillonite type and having a yield of approximately 15 barrels per ton.
LPG liquefied petroleum gas
lubricate 1. to apply grease or oil to moving parts

2. to lower or raise tools in or out of a well with pressure inside the well.  The term comes from the fact that a lubricant (grease) is often used to provide a seal against well pressure while allowing wireline to move in or out of the well.

lubricator stack a surface device used in slickline operations to keep the line lubricated and provide grease for pressure control
lyophilic having an affinity for the suspending medium, such as bentonite in water.
lyohilic colloid a colloid that is not easily precipitated from a solution and is readily dispersible after the precipitation by an addition of the solvent.

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Last Updated: 02/01/2006, 12:31 PM