Definition(s)
Meter Factor
“Meter factor” means the number obtained by dividing the gross standard volume of liquid passed through a meter, as measured by a prover during proving, by the corresponding meter-indicated volume at standard conditions.
Source: Alaska Oil and Gas Conservation Commission, Definitions, Alaska Admin. Code tit. 20, § 25.990, December 7, 2012. Regulations
Meter Factor
Used to adjust meter readings to show the actual volume measured by the meter.
Source: IADC UBO / MPD Glossary, December 2011. Global Standards