UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
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In the Matter of
NATIONAL FUEL GAS COMPANY FIRST
NATIONAL FUEL GAS SUPPLY CORPORATION CERTIFICATE
NATIONAL FUEL RESOURCES, INC. PURSUANT TO
SENECA RESOURCES CORPORATION RULE 24
UPSTATE ENERGY INC.
File No. 70-9525
(Public Utility Holding Company Act of 1935)
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THIS IS TO CERTIFY, pursuant to Rule 24, that certain transactions
proposed by National Fuel Gas Company ("National"), and its subsidiary, Seneca
Resources Corporation ("Seneca"), in the Application-Declaration on Form U-1, as
amended, ("Application-Declaration") in SEC File No. 70-9525, 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. 35-27114 dated December 16, 1999)
with respect thereto, as amended.
I. Name and Purpose of Foreign Energy Affiliates
Formed Or In Which Interests Were Acquired:
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During the quarter ended June 30, 2000 ("Quarter"), Seneca formed a
wholly-owned Foreign Energy Affiliate, National Fuel Exploration Corp.
("Exploration"). Exploration, a corporation formed under the laws of the
Province of Alberta, Canada, was formed for the purpose of acquiring Tri Link
Resources, Ltd. ("Tri Link"), a Calgary, Alberta based oil and gas exploration
and production company. On or about June 16, 2000, Exploration completed the
acquisition of Tri Link which was amalgamated with Exploration pursuant to the
provisions of the Alberta Business Corporations Act.
II. Foreign Energy Affiliate Financial Statements:
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The following exhibits are attached to and made a part of this
Certificate:
Exhibit A - Income Statement of Exploration for the quarter
ended June 30, 2000
Exhibit B - Balance Sheet of Exploration as of June 30, 2000
III. Description of Specific Activities:
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During the Quarter, Exploration acquired Tri Link which was amalgamated
with Exploration under Exploration's name. Thereupon, the amalgamated
Exploration undertook oil and gas exploration and production activities in
Canada.
IV. Percentage of Revenues Attributable to the Sale of Energy Commodities
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in Canada:
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During the Quarter, Exploration's Canadian oil sales represented
approximately 12.79% of the total revenues generated by Seneca (on a
consolidated basis) from the sale of oil.
During the Quarter, Explorations Canadian natural gas sales represented
approximately 0.16% of the total revenues Seneca (on a consolidated basis) from
the sale of natural gas.
IN WITNESS WHEREOF, the undersigned companies have caused this
Certificate to be executed as of this 4th day of August, 2000.
NATIONAL FUEL GAS COMPANY
By: /s/ P. C. Ackerman
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P. C. Ackerman,
President
SENECA RESOURCES CORPORATION
By: /s/ J. A. Beck
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J. A. Beck,
President
