PAGE 1 OF 6
FILE NO. 70-8297
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 3
TO APPLICATION - DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
Names of companies filing this statement and addresses of principal
executive offices:
National Fuel Gas Company National Fuel Gas
10 Lafayette Square Distribution Corporation
Buffalo, New York 14203 10 Lafayette Square
Buffalo, New York 14203
National Fuel Gas
Supply Corporation Seneca Resources Corporation
10 Lafayette Square 10 Lafayette Square
Buffalo, New York 14203 Buffalo, New York l4203
Utility Constructors, Inc. Highland Land & Minerals, Inc.
East Erie Extension 10 Lafayette Square
Linesville, Pennsylvania 16424 Buffalo, New York 14203
Leidy Hub, Inc. Data-Track Account Services, Inc.
10 Lafayette Square 10 Lafayette Square
Buffalo, New York 14203 Buffalo, New York 14203
National Fuel Resources, Inc.
478 Main Street
Buffalo, New York l4202
Name of Top Registered Holding Company: NATIONAL FUEL GAS COMPANY
Names and Addresses of Agents for Service:
P. C. Ackerman R. M. DiValerio
Senior Vice President Secretary
National Fuel Gas Company National Fuel Gas Company
10 Lafayette Square 10 Lafayette Square
Buffalo, New York 14203 Buffalo, New York 14203
PAGE 2 OF 6
Item 1. Description of Proposed Transactions
National Fuel Gas Company ("National") is a public utility
holding company registered under the Public Utility Holding Company
Act of 1935, as amended. Seneca Resources Corporation ("Seneca") is
a wholly-owned subsidiary of National, and is a "Participating
Subsidiary" in the National Fuel Gas System Money Pool ("System Money
Pool").
By notice in this proceeding dated November 12, 1993 (HCAR
No. 35-25925), the SEC published notice of the request of National to
continue the operation of its System Money Pool and to establish
borrowing limits from the System Money Pool for each of the
Participating Subsidiaries. Seneca and Empire Exploration, Inc.
("Empire"), another Participating Subsidiary, requested borrowing
limits of $120,000,000 and $50,000,000 respectively. By Order dated
December 29, 1993 (HCAR No. 35-25964), the Commission authorized
borrowing limits of $100,000,000 and $30,000,000 for Seneca and
Empire respectively. The Commission reserved jurisdiction over the
remaining $40,000,000 of borrowings ($20,000,000 for Seneca,
$20,000,000 for Empire.
Subsequent to the December 29, 1993 Order, Empire was merged
into Seneca and the Companies' borrowing authorities from the System
Money Pool were combined (SEC File No. 70-8385, HCAR No. 35-26036
dated June 29, 1994). As a result of such merger, Seneca currently
has authority to borrow up to $130,000,000 from the System Money
Pool. The Commission has continued to reserve jurisdiction over the
remaining $40,000,000 of borrowings by Seneca.
Because of relatively low oil and gas prices, Seneca has
determined to postpone placing into production a portion of its
proved developed properties. Those low prices, and the delay in the
commencement of production will cause Seneca's cash flow to be lower
than originally anticipated. Additionally, the current relatively
low oil and gas prices have presented attractive investment
opportunities for further oil and gas exploration prospects. Seneca
recently participated in a federal offshore lease sale and expects
that it will need short-term funds to develop those properties.
These factors have caused Seneca to revise its cash flow projections.
Such revised projections are provided in Exhibit S-5. These
projections show that Seneca may need to borrow an additional
$40,000,000 during the last six months of calendar 1995.
Accordingly, National has filed this Post-Effective
Amendment No. 3 to request the Commission to release jurisdiction
over the remaining $40,000,000 of borrowings requested by Seneca so
that its borrowing authority from the System Money Pool would total
$170,000,000 through December 31, 1995.
PAGE 3 OF 6
Repayment of the borrowings is expected to be made from
internally generated funds (revenues received when proved developed
properties are placed into production), and from the issuance of long
term and/or medium term debt.
Item 3. Applicable Statutory Provisions
Sections 6(a), 7, 9(a), 9(c), 10(a), 12(b), 12(c) and 12(f)
of the Act and Rules 23, 24, 40(a), 43, and 45 are considered
applicable to the proposed transactions.
The applicability of each of the sections and rules to each
of the proposed transactions are set out as follows:
Proposed Transaction Applicable Provisions
Issuance of short-term Sec. 6(a)(1)
notes by Participating Sec. 7
Subsidiaries to Money Pool. Rule 43
Short-term investment of Sec. 12(b), 12(f)
excess funds by Rule 45
Participating Subsidiaries
in Money Pool.
Short-term investment of Sec. 9(a), 9(c)
excess funds by Rule 40(a)
Participating Subsidiaries
in other securities.
Repayment of borrowed Sec. 9(a), 10(a), 12(c)
funds by Participating
Subsidiaries to Money Pool.
To the extent that the proposed transactions are considered
by the Commission to require authorization, approval or exemption
under any section of the Act or provision of the rules or regulations
other than those specifically set forth herein, request for such
authorization, approval or exemption is hereby made.
Item 5. Procedure
The Commission is requested to issue an Order permitting
this Post-Effective Amendment to become effective on or before
PAGE 4 OF 6
August 1, 1995 so that working capital may be made available to
Seneca to continue its exploration and production activities.
Item 6. Exhibits and Financial Statements
The following financial statement is filed as part of this
Post-Effective Amendment No. 3:
(b) Financial Statements:
S-1 Consolidated Balance Sheet of National Fuel Gas
Company and Participating Subsidiaries at May 31, 1995.
S-2 Consolidated Income Statement for National Fuel
Gas Company and Subsidiaries for the 12 months ended May 31,
1995.
S-3 Balance Sheet of Seneca Resources Corporation at
May 31, 1995.
S-4 Income Statement of Seneca Resources Corporation
for the 12 months ended May 31, 1995.
S-5 Revised Projected Cash Flow Statement showing
revised projections of cash flows for Seneca.
G-1 Financial Data Schedule for National Fuel Gas
Company.
G-2 Financial Data Schedule for Seneca Resources
Corporation.
SIGNATURES
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused this
Statement to be signed on their behalf by the undersigned thereunto
duly authorized.
Dated: July 10, 1995
NATIONAL FUEL GAS COMPANY
By /s/ Philip C. Ackerman
Philip C. Ackerman
Senior Vice President
PAGE 5 OF 6
NATIONAL FUEL GAS DISTRIBUTION
CORPORATION
By /s/ Gerald T. Wehrlin
Gerald T. Wehrlin
Senior Vice President and
Controller
NATIONAL FUEL GAS SUPPLY CORPORATION
By /s/ Richard M. DiValerio
Richard M. DiValerio
Secretary
SENECA RESOURCES CORPORATION
By /s/ Gerald T. Wehrlin
Gerald T. Wehrlin
Controller
UTILITY CONSTRUCTORS, INC.
By /s/ David F. Smith
David F. Smith
Secretary
HIGHLAND LAND & MINERALS, INC.
By /s/ Philip C. Ackerman
Philip C. Ackerman
President
LEIDY HUB, INC.
By /s/ Gerald T. Wehrlin
Gerald T. Wehrlin
Secretary and Treasurer
PAGE 6 OF 6
DATA-TRACK ACCOUNT SERVICES, INC.
By /s/ Philip C. Ackerman
Philip C. Ackerman
President
NATIONAL FUEL RESOURCES, INC.
By /s/ Robert J. Kreppel
Robert J. Kreppel
President
PAGE 1 OF 2
EXHIBIT S-1
FILE NO. 70-8297
POST-EFFECTIVE AMENDMENT NO. 3
NATIONAL FUEL GAS COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
AT MAY 31, 1995
(UNAUDITED)
(Thousands of Dollars)
ASSETS
PROPERTY, PLANT AND EQUIPMENT $2,262,962
LESS - ACCUMULATED DEPRECIATION,
DEPLETION AND AMORTIZATION 654,151
1,608,811
CURRENT ASSETS
CASH & TEMP. CASH INVESTMENTS 14,974
RECEIVABLES - NET 140,924
UNBILLED UTILITY REVENUE 19,261
GAS STORED UNDERGROUND 9,619
MATERIALS AND SUPPLIES 24,230
PREPAYMENTS 24,076
233,084
OTHER ASSETS
RECOVERABLE FUTURE TAXES 99,020
UNAMORTIZED DEBT EXPENSE 26,811
OTHER REGULATORY ASSETS 32,647
DEFERRED CHARGES 10,740
OTHER 32,133
201,351
TOTAL ASSETS $2,043,246
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
COMMON STOCK $ 37,421
PAID IN CAPITAL 382,797
EARNINGS REINVESTED IN THE
BUSINESS 411,666
831,884
LONG TERM DEBT, NET OF
CURRENT PORTION 454,000
TOTAL CAPITALIZATION 1,285,884
CURRENT AND ACCRUED LIABILITIES
NOTES PAYABLE TO BANKS AND
COMMERCIAL PAPER 92,800
CURRENT PORTION OF LONG-TERM
DEBT 79,500
ACCOUNTS PAYABLE 40,212
AMOUNTS PAYABLE TO CUSTOMERS 58,570
OTHER ACCRUALS AND CURRENT
LIABILITIES 113,702
384,784
DEFERRED CREDITS
ACCUMULATED DEFERRED INCOME
TAXES 282,726
TAXES REFUNDABLE TO CUSTOMERS 31,688
UNAMORTIZED INVESTMENT TAX CREDIT 13,600
OTHER DEFERRED CREDITS 44,564
372,578
TOTAL CAPITALIZATION AND LIABILITIES $2,043,246
SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
PAGE 2 OF 2
NATIONAL FUEL GAS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENT
1) The Notes to the Consolidated Financial Statements appearing on pages
58 to 88 of National Fuel Gas Company's September 30, 1994 Form 10-K
are incorporated herein by reference.
2) The Notes to Consolidated Financial Statements appearing on pages 7 -
11 of National Fuel Gas Company's December 31, 1994 Form 10-Q and pages
8 - 13 of National Fuel Gas Company's March 31, 1995 Form 10-Q are
incorporated herein by reference.
3) Analysis of Investments in Associated Companies at May 31, 1995 (per
Books):
<TABLE>
<CAPTION>
Earnings
Reinvested
Par or in the Unremitted Total Investment
Stated Value Business Earnings in Associated
of Subsidiary Paid in at Since Companies at
Stock Capital Acquition Acquisition Equity
<S> <C> <C> <C> <C> <C>
National Fuel Gas Company:
National Fuel Gas Distribution $ 59,170 $121,668 $ 4,636 $235,401 $420,875
National Fuel Gas Supply Corporation 25,345 35,833 2,453 141,027 204,658
Seneca Resources Corporation 500 104,035 6 8,013 112,554
Leidy Hub, Inc. 4 1,038 (416) 626
Highland Land & Minerals, Inc. 5 445 4,542 4,992
Utility Constructors, Inc. 1 5,959 (2,534) 3,426
Data-Track Account Services, Inc. 1 499 106 606
National Fuel Resources, Inc. 10 3,490 3,660 7,160
Consolidating Adjustment 5,902 5,902
85,036 272,967 7,095 395,701 760,799
National Fuel Gas Supply Corporation:
Seneca Resources Corporation 61 61
$ 85,036 $273,028 $ 7,095 $395,701 $760,860
</TABLE>
PAGE 1 OF 2
EXHIBIT S-2
FILE NO. 70-8297
POST-EFFECTIVE AMENDMENT NO. 3
NATIONAL FUEL GAS COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS
OF INCOME AND EARNINGS REINVESTED IN THE BUSINESS
FOR THE TWELVE MONTHS ENDED MAY 31, 1995
(UNAUDITED)
(Thousands of Dollars)
OPERATING REVENUES $988,346
OPERATING EXPENSES:
PURCHASED GAS 359,374
OPERATION EXPENSE 266,301
MAINTENANCE 26,611
PROPERTY, FRANCHISE &
OTHER TAXES 94,467
DEPRECIATION, DEPLETION &
AMORTIZATION 72,021
INCOME TAXES - NET 45,102
863,876
OPERATING INCOME 124,470
OTHER INCOME 5,351
INCOME BEFORE INTEREST CHARGES 129,821
INTEREST CHARGES:
INTEREST ON LONG-TERM
DEBT 40,355
OTHER INTEREST 11,878
52,233
INCOME BEFORE CUMULATIVE EFFECT 77,588
CUMULATIVE EFFECT OF CHANGE IN
ACCOUNTING (589)
NET INCOME AVAILABLE FOR COMMON
STOCK 76,999
EARNINGS REINVESTED IN THE BUSINESS
BALANCE AT JUNE 1, 1994 393,398
470,397
DIVIDENDS ON COMMON STOCK 58,731
BALANCE AT MAY 31, 1995 $411,666
EARNINGS PER COMMON SHARE
INCOME BEFORE CUMULATIVE EFFECT $ 2.08
CUMULATIVE EFFECT OF CHANGE IN
ACCOUNTING (0.02)
NET INCOME AVAILABLE FOR COMMON
STOCK $ 2.06
WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING 37,327,945
SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
PAGE 2 OF 2
NATIONAL FUEL GAS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENT
1) The Notes to the Consolidated Financial Statements appearing on pages
58 to 88 of National Fuel Gas Company's September 30, 1994 Form 10-K
are incorporated herein by reference.
2) The Notes to Consolidated Financial Statements appearing on pages 7 -
11 of National Fuel Gas Company's December 31, 1994 Form 10-Q and pages
8 - 13 of National Fuel Gas Company's March 31, 1995 Form 10-Q are
incorporated herein by reference.
3) Analysis of Investments in Associated Companies at May 31, 1995 (per
Books):
<TABLE>
<CAPTION>
Earnings
Reinvested
Par or in the Unremitted Total Investment
Stated Value Business Earnings in Associated
of Subsidiary Paid in at Since Companies at
Stock Capital Acquition Acquisition Equity
<S> <C> <C> <C> <C> <C>
National Fuel Gas Company:
National Fuel Gas Distribution $ 59,170 $121,668 $ 4,636 $235,401 $420,875
National Fuel Gas Supply Corporation 25,345 35,833 2,453 141,027 204,658
Seneca Resources Corporation 500 104,035 6 8,013 112,554
Leidy Hub, Inc. 4 1,038 (416) 626
Highland Land & Minerals, Inc. 5 445 4,542 4,992
Utility Constructors, Inc. 1 5,959 (2,534) 3,426
Data-Track Account Services, Inc. 1 499 106 606
National Fuel Resources, Inc. 10 3,490 3,660 7,160
Consolidating Adjustment 5,902 5,902
85,036 272,967 7,095 395,701 760,799
National Fuel Gas Supply Corporation:
Seneca Resources Corporation 61 61
$ 85,036 $273,028 $ 7,095 $395,701 $760,860
</TABLE>
PAGE 1 OF 2
EXHIBIT S-3
FILE NO. 70-8297
POST-EFFECTIVE AMENDMENT NO. 3
SENECA RESOURCES CORPORATION
BALANCE SHEET
AT MAY 31, 1995
(UNAUDITED)
(Thousands of Dollars)
ASSETS
PROPERTY, PLANT AND EQUIPMENT $520,243
LESS - ACCUMULATED DEPRECIATION,
DEPLETION AND AMORTIZATION 182,800
337,443
CURRENT ASSETS
CASH & TEMP. CASH INVESTMENTS 1,181
RECEIVABLES - NET 3,513
ACCOUNTS RECEIVABLE - INTERCOMPANY 1,894
MATERIALS AND SUPPLIES 1,543
PREPAYMENTS 2,025
10,156
OTHER ASSETS
DEFERRED CHARGES 671
OTHER 852
1,523
TOTAL ASSETS $349,122
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
CAPITAL STOCK OF SUBSIDIARIES $ 500
PAID IN CAPITAL 104,035
EARNINGS REINVESTED IN THE
BUSINESS 8,019
112,554
NOTES PAYABLE - INTERCOMPANY 48,000
TOTAL CAPITALIZATION 160,554
CURRENT AND ACCRUED LIABILITIES
NOTES PAYABLE-INTERCOMPANY 114,900
ACCOUNTS PAYABLE 2,694
ACCOUNTS PAYABLE - INTERCOMPANY 1,956
OTHER ACCRUALS AND CURRENT
LIABILITIES (4,820)
114,730
DEFERRED CREDITS
ACCUMULATED DEFERRED INCOME
TAXES 71,409
OTHER DEFERRED CREDITS 2,429
73,838
TOTAL CAPITALIZATION AND LIABILITIES $349,122
SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
PAGE 2 OF 2
NATIONAL FUEL GAS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENT
1) The Notes to the Consolidated Financial Statements appearing on pages
58 to 88 of National Fuel Gas Company's September 30, 1994 Form 10-K
are incorporated herein by reference.
2) The Notes to Consolidated Financial Statements appearing on pages 7 -
11 of National Fuel Gas Company's December 31, 1994 Form 10-Q and pages
8 - 13 of National Fuel Gas Company's March 31, 1995 Form 10-Q are
incorporated herein by reference.
3) Analysis of Investments in Associated Companies at May 31, 1995 (per
Books):
<TABLE>
<CAPTION>
Earnings
Reinvested
Par or in the Unremitted Total Investment
Stated Value Business Earnings in Associated
of Subsidiary Paid in at Since Companies at
Stock Capital Acquition Acquisition Equity
<S> <C> <C> <C> <C> <C>
National Fuel Gas Company:
National Fuel Gas Distribution $ 59,170 $121,668 $ 4,636 $235,401 $420,875
National Fuel Gas Supply Corporation 25,345 35,833 2,453 141,027 204,658
Seneca Resources Corporation 500 104,035 6 8,013 112,554
Leidy Hub, Inc. 4 1,038 (416) 626
Highland Land & Minerals, Inc. 5 445 4,542 4,992
Utility Constructors, Inc. 1 5,959 (2,534) 3,426
Data-Track Account Services, Inc. 1 499 106 606
National Fuel Resources, Inc. 10 3,490 3,660 7,160
Consolidating Adjustment 5,902 5,902
85,036 272,967 7,095 395,701 760,799
National Fuel Gas Supply Corporation:
Seneca Resources Corporation 61 61
$ 85,036 $273,028 $ 7,095 $395,701 $760,860
</TABLE>
PAGE 1 OF 2
EXHIBIT S-4
FILE NO. 70-8297
POST-EFFECTIVE AMENDMENT NO. 3
SENECA RESOURCES CORPORATION
STATEMENTS OF INCOME
AND EARNINGS REINVESTED IN THE BUSINESS
FOR THE TWELVE MONTHS ENDED MAY 31, 1995
(UNAUDITED)
(Thousands of Dollars)
OPERATING REVENUES $ 64,248
OPERATING EXPENSES:
PURCHASED GAS 1,009
OPERATION EXPENSE 20,008
MAINTENANCE 9
PROPERTY, FRANCHISE &
OTHER TAXES 1,187
DEPRECIATION, DEPLETION &
AMORTIZATION 22,388
INCOME TAXES-NET 2,150
46,751
OPERATING INCOME 17,497
OTHER INCOME 51
INCOME BEFORE INTEREST CHARGES 17,548
INTEREST CHARGES:
INTEREST -INTERCOMPANY 8,066
OTHER INTEREST 232
8,298
NET INCOME 9,250
EARNINGS REINVESTED IN THE BUSINESS
BALANCE AT JUNE 1, 1994 (1,231)
BALANCE AT MAY 31, 1995 $ 8,019
SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
PAGE 2 OF 2
NATIONAL FUEL GAS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENT
1) The Notes to the Consolidated Financial Statements appearing on pages
58 to 88 of National Fuel Gas Company's September 30, 1994 Form 10-K
are incorporated herein by reference.
2) The Notes to Consolidated Financial Statements appearing on pages 7 -
11 of National Fuel Gas Company's December 31, 1994 Form 10-Q and pages
8 - 13 of National Fuel Gas Company's March 31, 1995 Form 10-Q are
incorporated herein by reference.
3) Analysis of Investments in Associated Companies at May 31, 1995 (per
Books):
<TABLE>
<CAPTION>
Earnings
Reinvested
Par or in the Unremitted Total Investment
Stated Value Business Earnings in Associated
of Subsidiary Paid in at Since Companies at
Stock Capital Acquition Acquisition Equity
<S> <C> <C> <C> <C> <C>
National Fuel Gas Company:
National Fuel Gas Distribution $ 59,170 $121,668 $ 4,636 $235,401 $420,875
National Fuel Gas Supply Corporation 25,345 35,833 2,453 141,027 204,658
Seneca Resources Corporation 500 104,035 6 8,013 112,554
Leidy Hub, Inc. 4 1,038 (416) 626
Highland Land & Minerals, Inc. 5 445 4,542 4,992
Utility Constructors, Inc. 1 5,959 (2,534) 3,426
Data-Track Account Services, Inc. 1 499 106 606
National Fuel Resources, Inc. 10 3,490 3,660 7,160
Consolidating Adjustment 5,902 5,902
85,036 272,967 7,095 395,701 760,799
National Fuel Gas Supply Corporation:
Seneca Resources Corporation 61 61
$ 85,036 $273,028 $ 7,095 $395,701 $760,860
</TABLE>
EXHIBIT S-5
FILE NO. 70-8297
POST-EFFECTIVE AMENDMENT NO. 3
<TABLE>
<CAPTION>
REVISED 7/6/95
SENECA RESOURCES CORPORATION
PROJECTED STATEMENT OF CASH FLOWS
JUNE - DECEMBER 1995
$000 OMITTED
June July Aug Sept Oct Nov
<S> <C> <C> <C> <C> <C> <C>
CASH FLOWS FROM OPERATIONS:
INTERNAL SOURCES $4,973 $4,950 $4,867 $5,096 $7,180 $6,605
CHANGES IN WORKING CAPITAL (3,193) (1,483) (930) (1,708) (3,383) (350)
NET CASH PROVIDED BY OPERATIONS 1,780 3,467 3,937 3,388 3,797 6,255
CONSTRUCTION AND CAPITAL EXPENDITURES (6,693) (41,339) (10,171) (53,170) (7,823) (7,825)
CASH FLOWS FROM FINANCING:
DIVIDENDS 0 0 0 0 0 0
COMMON STOCK 0 0 0 0 0 0
LONG TERM DEBT 0 (50,000) 0 0 0 (50,000
SHORT TERM DEBT 4,913 37,872 6,234 49,782 4,026 1,570
NET CASH PROVIDED (USED) BY FINANCING 4,913 (12,128) 6,234 49,782 4,026 1,570
SHORT TERM DEBT BALANCE $119,813 $107,685 $113,919 $163,701 $167,727 $169,297
<PAGE>
<CAPTION>
SENECA RESURCES CORPORATION
PROJECTED STATEMENT OF CASH FLOWS
JUNE - DECEMBER 1995
$000 OMITTED
DEC 95 TOTAL
<S> <C> <C>
CASH FLOWS FROM OPERATIONS:
INTERNAL SOURCES $5,676 $39,347
CHANGES IN WORKING CAPITAL 3,066 (7,981)
NET CASH PROVIDED BY OPERATIONS 8,742 31,366
CONSTRUCTION AND CAPITAL EXPENDITURES (3,129) (130,150)
CASH FLOWS FROM FINANCING:
DIVIDENDS 0 0
COMMON STOCK 0 0
LONG TERM DEBT 0 (50,000)
SHORT TERM DEBT (5,613) 98,784
NET CASH PROVIDED (USED) BY FINANCING (5,613) 48,784
SHORT TERM DEBT BALANCE $163,684 $163,684
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR1
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM LEIDY HUB,
INC.'S FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000070145
<NAME> NATIONAL FUEL GAS COMPANY
<SUBSIDIARY>
<NUMBER> 1
<NAME> LEIDY HUB, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> JUN-01-1994
<PERIOD-END> MAY-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 0
<OTHER-PROPERTY-AND-INVEST> 0
<TOTAL-CURRENT-ASSETS> 92
<TOTAL-DEFERRED-CHARGES> 2
<OTHER-ASSETS> 716
<TOTAL-ASSETS> 810
<COMMON> 4
<CAPITAL-SURPLUS-PAID-IN> 1,038
<RETAINED-EARNINGS> (416)
<TOTAL-COMMON-STOCKHOLDERS-EQ> 626
0
0
<LONG-TERM-DEBT-NET> 0
<SHORT-TERM-NOTES> 200
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 0
0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> (16)
<TOT-CAPITALIZATION-AND-LIAB> 810
<GROSS-OPERATING-REVENUE> 0
<INCOME-TAX-EXPENSE> 19
<OTHER-OPERATING-EXPENSES> 19
<TOTAL-OPERATING-EXPENSES> 38
<OPERATING-INCOME-LOSS> (38)
<OTHER-INCOME-NET> 84
<INCOME-BEFORE-INTEREST-EXPEN> 46
<TOTAL-INTEREST-EXPENSE> 12
<NET-INCOME> 34
0
<EARNINGS-AVAILABLE-FOR-COMM> 34
<COMMON-STOCK-DIVIDENDS> 0
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> 0
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR1
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SENECA
RESOURCES CORPORATION'S FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000070145
<NAME> NATIONAL FUEL GAS COMPANY
<SUBSIDIARY>
<NUMBER> 2
<NAME> SENECA RESOURCES CORPORATION
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> JUN-01-1994
<PERIOD-END> MAY-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 337,443
<OTHER-PROPERTY-AND-INVEST> 0
<TOTAL-CURRENT-ASSETS> 10,156
<TOTAL-DEFERRED-CHARGES> 671
<OTHER-ASSETS> 852
<TOTAL-ASSETS> 349,122
<COMMON> 500
<CAPITAL-SURPLUS-PAID-IN> 104,035
<RETAINED-EARNINGS> 8,019
<TOTAL-COMMON-STOCKHOLDERS-EQ> 112,554
0
0
<LONG-TERM-DEBT-NET> 48,000
<SHORT-TERM-NOTES> 114,900
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 0
0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 73,668
<TOT-CAPITALIZATION-AND-LIAB> 349,122
<GROSS-OPERATING-REVENUE> 64,248
<INCOME-TAX-EXPENSE> 2,150
<OTHER-OPERATING-EXPENSES> 44,601
<TOTAL-OPERATING-EXPENSES> 46,751
<OPERATING-INCOME-LOSS> 17,497
<OTHER-INCOME-NET> 51
<INCOME-BEFORE-INTEREST-EXPEN> 17,548
<TOTAL-INTEREST-EXPENSE> 8,298
<NET-INCOME> 9,250
0
<EARNINGS-AVAILABLE-FOR-COMM> 0
<COMMON-STOCK-DIVIDENDS> 0
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> 0
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
