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Storage tank and line leakage detection and inventory reconciliation method

  • US 5,297,423 A
  • Filed: 07/27/1992
  • Issued: 03/29/1994
  • Est. Priority Date: 07/27/1992
  • Status: Expired due to Fees
First Claim
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1. A method for accurately detecting and quantifying changes in a quantity of liquid and gaseous product present in a storage tank over a period of time comprising the steps of:

  • dispensing a portion of said product from said tank through a dispensing means;

    measuring a temperature corrected volume of said product dispensed from said tank through said dispensing means by means of flow meters operatively connected to said dispensing means;

    sensing and measuring a positive or negative change in a temperature corrected volume of said product remaining within said tank by means of a sensor within said tank;

    comparing said temperature corrected volume of said portion of said product dispensed as measured by said flow meters with said positive or negative change in said temperature corrected volume of product remaining within said tank as measured by said sensor; and

    identifying a source of difference between said temperature corrected volume of said portion of said product dispensed and said positive or negative change in said temperature corrected volume of product remaining within said tank.

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