UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
____________________________________________
In the Matter of
NATIONAL FUEL GAS COMPANY SECOND
NATIONAL FUEL GAS DISTRIBUTION CORPORATION CERTIFICATE
NATIONAL FUEL GAS SUPPLY CORPORATION PURSUANT TO
SENECA RESOURCES CORPORATION RULE 24
UTILITY CONSTRUCTORS, INC.
HIGHLAND LAND & MINERALS, INC.
LEIDY HUB, INC.
DATA-TRACK ACCOUNT SERVICES, INC.
NATIONAL FUEL RESOURCES, INC.
HORIZON ENERGY DEVELOPMENT, INC.
File No. 70-8729
(Public Utility Holding Company Act of 1935)
____________________________________________
THIS IS TO CERTIFY, pursuant to Rule 24, that certain
transactions proposed by National Fuel Gas Company ("National") and
its subsidiaries, National Fuel Gas Distribution Corporation
("Distribution Corporation"), National Fuel Gas Supply Corporation
("Supply Corporation"), Seneca Resources Corporation ("Seneca"),
Utility Constructors, Inc. ("UCI"), Highland Land & Minerals, Inc.
("Highland"), Leidy Hub, Inc. ("Leidy"), Data-Track Account Services,
Inc. ("Data-Track"), National Fuel Resources, Inc. ("NFR") and
Horizon Energy Development, Inc. ("Horizon Energy") in Form U-1,
Application-Declaration, File No. 70-8729, as amended, have been
carried out in accordance with the terms and conditions, and for the
purposes as represented by said Application-Declaration, and the
Order of the Securities and Exchange Commission ("Commission") (HCAR
No. 35-26443 dated December 28, 1995) with respect thereto. Note
that, on July 1, 1994, Penn-York Energy Corporation ("Penn-York")
merged with Supply Corporation, with Supply Corporation as the
surviving entity (see File No. 70-8135, HCAR No. 35-25811). Because
of certain FERC ratemaking considerations, Supply Corporation found
it necessary to separately account for Penn-York associated
borrowings until the FERC approved of Supply Corporation's tariff
rates that effected the combination of the Supply Corporation and
Penn-York assets.
During the quarter ended June 30, 1996 the following
borrowing transactions occurred:
1. Sales and resales of commercial paper for the quarter
are shown on the attached certificates of Merrill Lynch
Money Markets, Inc. and Chase Securities, Inc.
2. National increased its outstanding borrowings by
issuing short-term notes to banks or other financial
institutions in the amounts, on the dates and at the
rates indicated below. The proceeds from the sales of
these notes were transferred by National to the System
Money Pool to be utilized by National's subsidiaries.
This schedule also reflects renewals at different rates.
DATE AMOUNT RATE
04/01/96 $19,600,000 5.48%
04/02/96 13,200,000 5.50
04/03/96 9,700,000 5.44
04/04/96 15,000,000 5.37
04/05/96 10,200,000 5.32
04/08/96 9,500,000 5.37
04/09/96 3,900,000 5.38
04/15/96 10,700,000 5.39
04/16/96 5,300,000 5.32
04/19/96 5,300,000 5.25
04/22/96 6,900,000 5.30
04/23/96 2,400,000 5.35
04/25/96 7,500,000 5.32
04/26/96 7,100,000 5.31
04/29/96 4,900,000 5.34
04/30/96 12,700,000 5.44
05/01/96 13,300,000 5.41
05/02/96 11,100,000 5.42
05/03/96 3,100,000 5.31
05/06/96 23,300,000 5.35
05/07/96 17,200,000 5.36
05/08/96 10,400,000 5.55
05/09/96 5,300,000 5.37
05/10/96 1,400,000 5.31
05/28/96 25,900,000 5.34
05/29/96 20,400,000 5.31
05/30/96 16,900,000 5.37
05/31/96 23,400,000 5.55
06/03/96 17,900,000 5.44
06/04/96 12,900,000 5.43
06/05/96 9,000,000 5.49
06/06/96 13,800,000 5.39
06/07/96 12,700,000 5.32
06/10/96 22,700,000 5.35
06/11/96 19,200,000 5.31
06/12/96 15,900,000 5.35
06/13/96 12,200,000 5.36
06/14/96 11,900,000 5.34
06/17/96 14,200,000 5.58
06/17/96 10,000,000 5.48
06/18/96 11,900,000 5.40
06/19/96 15,600,000 5.60
06/20/96 13,200,000 5.45
06/21/96 12,200,000 5.35
06/24/96 13,700,000 5.35
06/25/96 10,000,000 5.50
06/25/96 15,700,000 5.31
06/26/96 9,500,000 5.31
06/27/96 9,300,000 5.35
06/28/96 25,000,000 5.61
06/28/96 7,200,000 5.70
This quarter Banca Nazionale del Lavoro renewed its
uncommitted credit facility at $15,000,000.
3. National increased its outstanding borrowings to be
used for its own corporate purposes by issuing
short-term notes to banks or other financial
institutions in the amounts on the dates and at the
rates indicated below:
None.
4. National transferred the following amounts to the
System Money Pool on the dates and at the rates
indicated below. These amounts were either used to
decrease outstanding System borrowings and/or
commercial paper or utilized by National's subsidiaries.
DATE AMOUNT RATE
04/02/96 $ 500,000 5.42%
04/08/96 100,000 5.34
04/17/96 200,000 5.32
04/19/96 1,000,000 5.32
04/23/96 400,000 5.33
05/01/96 2,200,000 5.36
05/02/96 300,000 5.36
05/20/96 300,000 5.36
05/21/96 300,000 5.35
05/28/96 4,300,000 5.37
05/29/96 100,000 5.37
06/04/96 300,000 5.41
06/19/96 400,000 5.51
06/21/96 100,000 5.43
06/27/96 400,000 5.46
5. Supply Corporation (non-Penn-York) transferred the
following amounts to the System Money Pool on the dates
and at the rates indicated below. These amounts were
either used to decrease outstanding System borrowings
and/or commercial paper or utilized by National's other
subsidiaries.
None.
6. Supply Corporation (non-Penn-York) borrowed the
following amounts from the System Money Pool on the
dates and at the rates indicated below.
DATE AMOUNT RATE
04/01/96 $ 300,000 5.43%
04/03/96 200,000 5.42
04/05/96 200,000 5.33
04/08/96 100,000 5.34
04/09/96 1,100,000 5.34
04/10/96 300,000 5.34
04/12/96 400,000 5.32
04/15/96 5,900,000 5.33
04/16/96 200,000 5.32
04/19/96 100,000 5.32
04/22/96 300,000 5.33
04/23/96 100,000 5.33
04/24/96 100,000 5.33
04/29/96 200,000 5.35
04/30/96 1,300,000 5.36
05/01/96 1,900,000 5.36
05/02/96 100,000 5.36
05/03/96 200,000 5.35
05/06/96 200,000 5.36
05/07/96 200,000 5.36
05/08/96 400,000 5.39
05/09/96 100,000 5.36
05/10/96 100,000 5.36
05/13/96 300,000 5.36
05/15/96 500,000 5.36
05/16/96 300,000 5.36
05/17/96 100,000 5.36
05/20/96 200,000 5.36
05/21/96 100,000 5.35
05/22/96 300,000 5.35
05/24/96 100,000 5.35
05/28/96 200,000 5.37
05/31/96 1,300,000 5.46
06/04/96 300,000 5.41
06/05/96 100,000 5.42
06/10/96 200,000 5.37
06/11/96 500,000 5.35
06/12/96 100,000 5.37
06/17/96 7,300,000 5.50
06/18/96 200,000 5.44
06/19/96 400,000 5.51
06/20/96 100,000 5.46
06/21/96 100,000 5.43
06/24/96 100,000 5.42
06/28/96 2,600,000 5.53
7. Supply Corporation (Penn-York related) transferred the
following amounts to the System Money Pool on the dates
and at the rates indicated below. These amounts were
either used to decrease outstanding System borrowings
and/or commercial paper or utilized by National's other
subsidiaries.
None.
8. Supply Corporation (Penn-York related) borrowed the
following amounts from the System Money Pool on the
dates and at the rates indicated below.
DATE AMOUNT RATE
04/05/96 100,000 5.33%
04/15/96 700,000 5.33
04/30/96 100,000 5.36
05/01/96 300,000 5.36
05/28/96 100,000 5.37
05/30/96 200,000 5.39
05/31/96 100,000 5.46
06/05/96 100,000 5.42
06/11/96 100,000 5.35
06/17/96 1,700,000 5.50
06/27/96 200,000 5.46
06/28/96 100,000 5.53
9. Distribution Corporation transferred the following
amounts to the System Money Pool on the dates and at
the rates indicated below. These amounts were either
used to decrease outstanding System borrowings and/or
commercial paper or utilized by National's other
subsidiaries.
DATE AMOUNT RATE
04/16/96 800,000 5.32%
04/17/96 4,600,000 5.32
04/19/96 700,000 5.32
04/22/96 200,000 5.33
04/23/96 4,500,000 5.33
04/24/96 2,800,000 5.33
05/13/96 200,000 5.36
05/15/96 700,000 5.36
05/21/96 7,400,000 5.35
05/22/96 2,000,000 5.35
06/04/96 3,600,000 5.41
06/05/96 4,200,000 5.42
06/06/96 5,000,000 5.40
06/10/96 1,400,000 5.37
06/11/96 3,800,000 5.35
06/12/96 3,200,000 5.37
06/13/96 1,800,000 5.38
06/18/96 2,400,000 5.44
06/21/96 1,600,000 5.43
06/24/96 1,100,000 5.42
10. Distribution Corporation borrowed the following amounts
from the System Money Pool on the dates and at the
rates indicated below:
DATE AMOUNT RATE
04/15/96 3,600,000 5.33%
04/25/96 31,200,000 5.35
04/26/96 800,000 5.35
04/30/96 5,500,000 5.36
05/28/96 11,400,000 5.37
05/31/96 2,000,000 5.46
06/25/96 27,500,000 5.44
06/27/96 200,000 5.46
06/28/96 12,300,000 5.53
11. Seneca transferred the following amounts to the System
Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper
or utilized by National's other subsidiaries.
None.
12. Seneca borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated
below:
DATE AMOUNT RATE
04/01/96 $3,600,000 5.43%
04/02/96 1,100,000 5.42
04/03/96 1,000,000 5.42
04/09/96 700,000 5.34
04/12/96 200,000 5.32
04/15/96 100,000 5.33
04/16/96 1,000,000 5.32
04/17/96 100,000 5.32
04/22/96 500,000 5.33
04/24/96 300,000 5.33
04/30/96 1,500,000 5.36
05/01/96 2,500,000 5.36
05/02/96 800,000 5.36
05/13/96 200,000 5.36
05/15/96 200,000 5.36
05/22/96 100,000 5.35
05/28/96 1,600,000 5.37
05/29/96 1,000,000 5.37
05/30/96 1,200,000 5.39
05/31/96 4,400,000 5.46
06/04/96 100,000 5.41
06/05/96 500,000 5.42
06/10/96 1,300,000 5.37
06/14/96 500,000 5.37
06/17/96 1,100,000 5.50
06/21/96 100,000 5.43
06/24/96 1,000,000 5.42
06/25/96 1,100,000 5.44
06/27/96 300,000 5.46
06/28/96 7,100,000 5.53
13. UCI transferred the following amounts to the System
Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper
or utilized by National's other subsidiaries.
DATE AMOUNT RATE
04/04/96 $ 100,000 5.34%
05/06/96 100,000 5.36
06/03/96 100,000 5.41
14. UCI borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated
below:
None.
15. Highland transferred the following amounts to the
System Money Pool on the dates and at the rates
indicated below. These amounts were either used to
decrease outstanding System borrowings and/or
commercial paper or utilized by National's other
subsidiaries.
DATE AMOUNT RATE
04/30/96 $ 300,000 5.36%
05/31/96 $ 300,000 5.46
16. Highland borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated
below:
None.
17. Leidy transferred the following amounts to the System
Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper
or utilized by National's other subsidiaries.
None.
18. Leidy borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated
below:
None.
19. Data-Track transferred the following amounts to the
System Money Pool on the dates and at the rates
indicated below. These amounts were either used to
decrease outstanding System borrowings and/or
commercial paper or utilized by National's other
subsidiaries.
DATE AMOUNT RATE
04/29/96 $100,000 5.35%
06/27/96 100,000 5.46
20. Data-Track borrowed the following amounts from the
System Money Pool on the dates and at the rates
indicated below:
None.
21. NFR transferred the following amounts to the System
Money Pool on the dates and at the rates indicated
below. These amounts were either used to decrease
outstanding System borrowings and/or commercial paper
or utilized by National's other subsidiaries.
DATE AMOUNT RATE
04/01/96 $ 300,000 5.43%
04/02/96 900,000 5.42
04/03/96 400,000 5.42
04/04/96 800,000 5.34
04/05/96 600,000 5.33
04/09/96 200,000 5.34
04/10/96 400,000 5.34
04/11/96 1,900,000 5.32
04/12/96 200,000 5.32
04/15/96 100,000 5.33
04/16/96 200,000 5.32
04/17/96 200,000 5.32
04/19/96 500,000 5.32
04/29/96 200,000 5.35
04/30/96 500,000 5.36
05/01/96 600,000 5.36
05/02/96 800,000 5.36
05/03/96 200,000 5.35
05/06/96 200,000 5.36
05/07/96 800,000 5.36
05/10/96 400,000 5.36
05/13/96 400,000 5.36
05/14/96 400,000 5.36
05/15/96 200,000 5.36
05/16/96 300,000 5.36
05/17/96 100,000 5.36
05/23/96 100,000 5.35
05/29/96 200,000 5.37
05/31/96 1,000,000 5.46
06/03/96 400,000 5.41
06/04/96 800,000 5.41
06/05/96 400,000 5.42
06/06/96 200,000 5.40
06/10/96 100,000 5.37
06/12/96 100,000 5.37
06/13/96 400,000 5.38
06/18/96 100,000 5.44
22. NFR borrowed the following amounts from the System
Money Pool on the dates and at the rates indicated
below:
None.
23. Horizon Energy transferred the following amounts to the
System Money Pool on the dates and at the rates
indicated below. These amounts were either used to
decrease outstanding System borrowings and/or
commercial paper or utilized by National's other
subsidiaries.
None.
24. Horizon Energy borrowed the following amounts from the
System Money Pool on the dates and at the rates
indicated below:
DATE AMOUNT RATE
04/12/96 $ 100,000 5.32%
04/15/96 100,000 5.33
04/22/96 100,000 5.33
04/25/96 200,000 5.35
04/29/96 100,000 5.35
05/01/96 200,000 5.36
05/08/96 200,000 5.39
05/14/96 200,000 5.36
05/22/96 600,000 5.35
06/03/96 100,000 5.41
06/07/96 1,500,000 5.37
06/13/96 100,000 5.38
06/17/96 300,000 5.50
06/21/96 100,000 5.43
06/24/96 1,500,000 5.42
Dated: August 20, 1996 NATIONAL FUEL GAS COMPANY
By: /s/Gerald T. Wehrlin
Gerald T. Wehrlin
Controller
Chase Securities, Inc.
270 Park Avenue
New York, New York 10017-2070
July 12, 1996
Ms. Donna Cambas
National Fuel Gas Company
10 Lafayette Square - Room 1500
Buffalo, New York 14203
Dear Ms. Cambas,
The is to advise you that in connection with the distribution of
commercial paper for the National Fuel Gas Company from April 1, 1996 to
June 28, 1996 all sales and resales on your behalf by Chase Securities,
Inc. were made only to those customers included in the Confidential List
retained by the corporation of National Fuel Gas Company's commercial
paper program. The issuance of National Fuel Gas Company commercial paper
and sales thereof were made in accordance with the provisions of that
program. A summary of all trade activitiy for the quarter is attached.
Sincerely,
/s/ Anton J. Schubert
Chase Securities, Inc.
270 Park Avenue
New York, NY 10017-2070
NATIONAL FUEL GAS COMPANY
Second Quarter Performance Report
PAR ISSUE MATURITY
AMOUNT DATE DATE RATE YIELD TERM TYPE
10,000,000 04/04/96 05/06/96 5.43 5.4563 32 Days Discounted
15,000,000 04/25/96 05/21/96 5.40 5.4211 26 Days Discounted
10,000,000 04/25/96 06/06/96 5.40 5.4342 42 Days Discounted
10,000,000 04/25/96 06/10/96 5.40 5.4375 46 Days Discounted
15,000,000 04/25/96 06/17/96 5.40 5.4433 53 Days Discounted
10,000,000 06/17/96 07/22/96 5.45 5.4807 35 Days Discounted
10,000,000 06/17/96 08/13/96 5.45 5.4974 57 Days Discounted
15,000,000 06/25/96 08/26/96 5.50 5.5526 62 Days Discounted
10,000,000 07/02/96 09/05/96 5.50 5.5466 65 Days Discounted
__________
105,000,000
/s/Anton J. Schubert
Anton J. Schubert, Vice President
Global Money Markets
Corporate and Institutional
Client Group
World Financial Center
North Tower
New York, New York 10281-1310
212 449 1000
FAX 212 449 1786
Telex 671 6340
MERRILL LYNCH
July 8, 1996
Ms. Donna Cambas
National Fuel Gas Company
10 Lafayette Square - Room 1100
Buffalo, NY 14203
Dear Donna:
This is to advise you that in connection with the distribution of commercial
paper of National Fuel Gas Company from April 1, 1996 to June 30, 1996 no sales
or resales were made by Merrill Lynch Money Markets Inc. for National Fuel Gas
Company's commercial paper program. A summary of all trade activity for the
quarter is attached, which reflects no sales or resales took place for the
period indicated.
Sincerely,
/s/ Michael J. Maita
Michael J. Maita
Enclosure
PROGRAM ISSUANCE TRADE DETAIL - CP
04/01/96 - 06/30/96
Pgm Fx/F1 Trade Dt Sett Dt MTY DTM PAR Rate Proceeds
TOTALS
______
Number of Trans: 0
Total Par 0
Total Proceeds 0
Dollar Weighted Averages
________________________
Days to Mty: NaN
Rate: NaN
Programs:
N1 NATIONAL FUEL GAS CO.
07/03/96 page 2
