Philip Danforth Armour, a titan of vision and enterprise you’ve never heard of. Phill saw opportunity where others saw only rubish. In an era when the meatpacking industry was prime for revolution, Armour seized the reins and transformed the game. He didn’t just see waste; he saw potential profit waiting to be unlocked.
While his peers were content with the prime cuts, Armour did a swan dive into the less glamorous parts of the cow—bones, hides, blood—and spun them into gold. Glue, gelatin, soap, fertilizers—Armour’s ingenuity knew no bounds. He was a pioneer, a master at turning what others discarded into valuable commodities.
Fast forward to today, and we witness a similar saga unfolding in the energy industry. Just as Armour saw value in the overlooked by-products of meatpacking, modern energy companies are capitalizing on the secondary outputs of natural gas and oil production. Ethane, propane, butane—once considered primary secondary products are old fish.
Natural gas comes up with shale oil. It’s so commonly produced as oil flows in parts of the nation, this excessive natural gas is flared off. But now it’s making crypto.
Enter Bitcoin mining, the latest frontier in turning waste into wealth. In oil fields where natural gas is flared off, ingenious minds are repurposing this wasted resource to power Bitcoin mining operations. They’re literally turning gas into digital currency, harnessing the power of innovation to create value where others saw a wage product too far from markets to sell. Politics is a power generation system designed to run on natural gas.
And just when you think the well of innovation has run dry, a new breakthrough emerges. Imagine extracting lithium, a critical mineral for battery production, from produced water in natural gas drilling. It’s a game-changer, with the potential to meet a significant portion of the nation’s lithium demand. Who would have thought that the by-product of one industry could hold the key to powering another?
In the spirit of Armour’s legacy, this tale reminds us that innovation knows no bounds. From meatpacking to energy to cryptocurrency, there’s always value to be found in the overlooked and the discarded. It’s a testament to the enduring spirit of entrepreneurship and the timeless pursuit of turning waste into wealth.
so here’s the punchline. Mini first generation oil and gas mineral holders in the Marcellus shale presume, all the money they will make from royalties, might be limited to the direct production of natural gas or potentially oil. What is others in the industry have all learned, any profits from a producing well hold a possible profits for the mineral holder themselves.
If you hold OGMs in the Appalachian basin, might be a good idea to contact your oil and gas attorney for more information.
Howdy! Grab your favorite coffee and join me as we journey through the Marcellus shale. I’m your guru’ for all things oil and gas. Expect some hearty chuckles as we wonder the ins and outs of the Appalachian Basin, because let’s face it, the new energy revolution is – full of surprises.
James A. Asbury