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UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
_____________________________________________
In the Matter of
FOURTEENTH
NATIONAL FUEL GAS COMPANY CERTIFICATE
NATIONAL FUEL RESOURCES, INC. PURSUANT TO
RULE 24
File No. 70-7833
(Public Utility Holding Company Act of 1935)
_____________________________________________
In accordance with the terms of the Order dated December 20,
1991 issued to National Fuel Gas Company ("National") authorizing
National to acquire the common stock of National Fuel Resources, Inc.
("NFR") (File No. 70-7833, HCAR No. 35-25437), attached as Exhibit
"A" is an Income Statement of NFR for the Nine and Twelve Months
ended June 30, 1995. Also attached as Exhibit "B", is the Balance
Sheet of NFR as of June 30, 1995.
IN WITNESS WHEREOF, the undersigned companies have duly
caused this Certificate to be signed this 14th day of August, 1995.
NATIONAL FUEL RESOURCES, INC.
By:_/s/ R. J. Kreppel____________
R. J. Kreppel, President
NATIONAL FUEL GAS COMPANY
By:_/s/ G. T. Wehrlin____________
G. T. Wehrlin, Controller
jes\nfr\rul24_14.wp
EXHIBIT A (PAGE 1 OF 1)
14TH RULE 24 CERTIFICATE
FILE NO. 70-7833
NATIONAL FUEL RESOURCES, INC.
INCOME STATEMENT
(Unaudited)
Nine Months Twelve Months
Ended Ended
June 1995 June 1995
Operating Revenues:
Gas - Retail $32,500,883 $40,252,380
Gas- Wholesale 1,792,494 2,605,785
Other 238,782 202,552
Partnership Income 0 0
___________ ____________
$34,524,159 $43,060,717
___________ ____________
Operating Expenses:
Purchase Gas 30,597,033 38,832,217
General and Administrative 1,446,822 1,686,052
Depletion, Depreciation and Amortization 206,542 207,001
Franchise and Other Taxes 53,322 101,564
___________ ____________
$32,303,719 $40,826,834
___________ ____________
Operating Income (loss) $2,220,440 2,233,883
___________ ____________
Interest Income 209,790 254,819
Interest Expense 6,578 7,260
Amortization and Misc Deductions 502 303
___________ ____________
$202,710 $247,256
___________ ____________
Net Income Before Tax $2,423,150 $2,481,139
___________ ____________
Income Taxes:
Federal 1,096,156 1,172,228
State 67,912 (68,090)
Deferred (280,230) (331,806)
___________ ____________
$883,838 $772,332
___________ ____________
Net Income $1,539,312 $1,708,807
=========== ============
EXHIBIT B (PAGE 1 OF 2)
14TH RULE 24 CERTIFICATE
FILE NO. 70-7833
NATIONAL FUEL RESOURCES, INC.
BALANCE SHEET
AT JUNE 30, 1995
(Unaudited)
ASSETS
Current Assets:
Cash $ 85,275
Short Term Investments 6,155,907
Accounts Receivable 4,463,102
Accounts Receivable-Intercompany 32,619
Reserve for Doubtful Accounts (696,594)
Other Current Assets (207,769)
___________
$10,248,078
Property, Plant, and Equipment
Furniture and Fixtures 68,582
Less - Accumulated Depreciation 11,082
___________
$57,500
Other Assets:
Long Term Investments 1,317,256
Other Deferred Debits 8,966
Deferred Tax Asset --
___________
$1,326,222
___________
$11,631,800
===========
EXHIBIT B (PAGE 2 OF 2)
14TH RULE 24 CERTIFICATE
FILE NO. 70-7833
NATIONAL FUEL RESOURCES, INC.
BALANCE SHEET
AT JUNE 30, 1995
(Unaudited)
LIABILITIES
Current Liabilities:
Accounts Payable $ 1,384,092
Accrued Liabilities 500,493
Accrued Sales Tax 2,749
Current Income Taxes-Federal 1,071,143
-State 6,259
Accounts Payable-Intercompany 903,545
Notes Payable-Intercompany --
___________
3,868,280
Long Term Liabilities:
Deferred Income Taxes 90,505
Miscellaneous Deferred Credits 473,420
___________
$ 563,925
Stockholder's Equity:
Common Stock 10,000
Capital Paid in Excess of Par 3,490,000
Retained Earnings 3,699,595
___________
$ 7,199,595
___________
$11,631,800
============
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