NATIONAL GAS & OIL CO
10-Q/A, 1995-08-15
NATURAL GAS TRANSMISISON & DISTRIBUTION
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<PAGE>
               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549

                         --------------

                            FORM 10-Q/A

           Quarterly Report Under Section 13 or 15 (d)
             of the Securities Exchange Act of 1934

                         --------------

For Quarter Ended  June 30, 1995 
                                  Commission file number  1-8223 

                   NATIONAL GAS & OIL COMPANY
                   (Exact name of registrant)


     Ohio                                    31-1004640
    (State)                                (I.R.S. Employer
                                            Identification No.) 

            1500 Granville Road, Newark, Ohio  43055
             (Address of principal executive office)


         Registrant's telephone number (614)   344-2102
                                     Area Code


Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15 (d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.

     Yes  X                                  No    


Indicate the number of shares outstanding of each of the issuers'
classes of common stock, as of the close of the period covered by
this report (applicable only to corporate issuers).

$1.00 Par Value - Common                         6,661,477 shares
<PAGE>



                   NATIONAL GAS & OIL COMPANY
                   PART II - OTHER INFORMATION


Item 6.   Exhibits and Reports on Form 8-K.

          27.  Financial Data Schedule, amended. 



                           SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.


                                   NATIONAL GAS & OIL COMPANY
                                           (Registrant)


Date:  August 9, 1995                                          
                                  /s/ John B. Denison
                                  John B. Denison
                                  Vice President and Secretary


Date:  August 9, 1995
                                  /s/ Lawrence P. Haren
                                  Lawrence P. Haren
                                  Executive Vice President, Chief
                                  Financial Officer and Treasurer




<TABLE> <S> <C>

<ARTICLE> UT
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                   38,847,137
<OTHER-PROPERTY-AND-INVEST>                 19,866,539
<TOTAL-CURRENT-ASSETS>                      16,489,323
<TOTAL-DEFERRED-CHARGES>                     1,708,004
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                              76,911,003
<COMMON>                                     6,819,400
<CAPITAL-SURPLUS-PAID-IN>                   27,947,598
<RETAINED-EARNINGS>                          5,869,025
<TOTAL-COMMON-STOCKHOLDERS-EQ>              40,636,023
                                0
                                          0
<LONG-TERM-DEBT-NET>                        11,615,300
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                  877,884
                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>              23,781,796
<TOT-CAPITALIZATION-AND-LIAB>               76,911,003
<GROSS-OPERATING-REVENUE>                   27,436,109
<INCOME-TAX-EXPENSE>                         1,097,708
<OTHER-OPERATING-EXPENSES>                  23,555,115
<TOTAL-OPERATING-EXPENSES>                  24,652,823
<OPERATING-INCOME-LOSS>                      2,783,286
<OTHER-INCOME-NET>                             113,474
<INCOME-BEFORE-INTEREST-EXPEN>               2,896,760
<TOTAL-INTEREST-EXPENSE>                       507,321
<NET-INCOME>                                 2,389,439
                          0
<EARNINGS-AVAILABLE-FOR-COMM>                2,389,439
<COMMON-STOCK-DIVIDENDS>                       799,378
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                      10,923,921
<EPS-PRIMARY>                                     0.36
<EPS-DILUTED>                                     0.36
        

</TABLE>


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