3 M-U Drillers Benefit from TransCanada’s Failed Pipeline Plan

three-3Earlier this week we ran the news that Canadian pipeline giant TransCanada’s plan to radically lower the cost to pipe natural gas from the western regions of Canada to the eastern part of the country, in an effort to undercut Marcellus/Utica gas from flooding into the region, failed (see TransCanada Plan to Lowball M-U Gas Using Canada Pipeline a Bust). As we have pointed out, the plan had the potential to suppress an important new market for our gas, and the pipelines that will supply it (see Will TransCanada’s Lower Pipeline Rates Jeopardize Nexus/Rover?). TransCanada’s plan falling apart is good news for the Marcellus/Utica. The Bloomberg news agency agrees and ran a story that says three M-U drillers in particular will benefit from TransCanada’s decision to abandon their lowball pipeline plan…

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