Rule 424(b)(3)
File No. 33-49401
PRICING SUPPLEMENT NO. 5, DATED June 7, 1995
(To Prospectus dated April 15, 1994
and Prospectus Supplement dated April 15, 1994)
NATIONAL FUEL GAS COMPANY
(Medium-Term Notes, Series C)
Trade Date: June 7, 1995
Principal Amount: $50,000,000
Price to Public: 99.297%
Issue Date: June 12, 1995 (the Offered Notes
will bear interest from June 12, 1995)
Maturity Date: June 13, 2025
Interest Rate: 7.375%
Underwriting Discounts and Commissions: .75%
Proceeds to the Company: $49,273,500
Redemption Terms: Non-Redeemable
UNDERWRITING
Subject to the terms and conditions set forth in a Terms
Agreement, dated June 7, 1995 between Lehman Brothers Inc. (the
"Purchaser") and the Company (the "Terms Agreement"), the Purchaser
has agreed to purchase from the Company, and the Company has agreed to
sell to the Purchaser, as principal, $50,000,000 principal amount of
the Offered Notes.
Under the terms and conditions of the Terms Agreement, the
Company has agreed that during the period ending on the Issue Date set
forth above, it will not offer for sale, issue or sell, or enter into
any agreement to offer for sale, issue or sell, any securities of the
Company having terms substantially similar to those of the Offered
Notes.
COMPANY UNDERTAKING
The Company undertakes to provide without charge to each
person, including any beneficial owner, to whom a copy of the
accompanying Prospectus has been delivered, on the written or oral
request of any such person, a copy of any or all of the documents
referred to therein which have been or may be incorporated in the
accompanying Prospectus by reference, other than exhibits to such
documents (unless such exhibits are specifically incorporated by
reference into such documents). Requests for such copies should be
directed to: Curtis W. Lee, General Manager - Finance, National Fuel
Gas Company, 10 Lafayette Square, Buffalo, New York 14203, telephone
(716) 857-7812.
EXPERTS
The financial statements incorporated in the accompanying
Prospectus by reference to the Annual Report on Form 10-K, for the
year ended September 30, 1994, have been so incorporated in reliance
on the report of Price Waterhouse LLP, independent accountants, given
on the authority of said firm as experts in auditing and accounting.
The information incorporated in the accompanying Prospectus
by reference to the Company's Annual Report on Form 10-K, for the fiscal
year ended September 30, 1994, relating to the oil and gas reserves of
Seneca Resources Corporation which has been specifically attributed to
Ralph E. Davis Associates, Inc. has been reviewed and verified by that
firm and has been included herein in reliance upon the authority of
said as an expert.
