UNITED STATES OF AMERICA
 Before the
SECURITIES AND EXCHANGE COMMISSION

            In the Matter of
                                                  FIFTEENTH
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 Twelve Months ended
September 30, 1995. Also attached as Exhibit "B", is the Balance
Sheet of NFR as of September 30, 1995.
IN WITNESS WHEREOF, the undersigned companies have duly
caused this Certificate to be signed this 14th day of November, 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_15.wp	

EXHIBIT A - FILE NO. 70-7833
NATIONAL FUEL RESOURCES, INC.
INCOME STATEMENT
 (Unaudited)

                                                Twelve Months
                                                   Ended
                                                September 1995

Operating Revenues:
   Gas - Retail                                  $38,502,895
   Gas - Wholesale                                 2,125,142
   Other                                             238,712
   Partnership Income                                      0
                                                 ____________

                                                 $40,866,749
                                                 ____________

Operating Expenses:
   Purchase Gas                                  $36,615,755
   General and Administrative                      1,801,113
   Depletion, Depreciation and Amortization            8,815
   Franchise and Other Taxes                          82,404
                                                 ____________

                                                 $38,508,087
                                                 ____________

Operating Income (loss)                          $ 2,358,662
                                                 ____________

Interest Income                                      311,039
Interest Expense                                      17,351
Amortization and Misc Deductions                         403
                                                 ____________

                                                     293,285

Net Income Before Tax                            $ 2,651,947
                                                 ____________

Income Taxes:
   Federal                                         1,338,993
   State                                             203,567
   Deferred                                         (517,124)
                                                 ____________

                                                   1,025,436
                                                 ____________

Net Income                                         1,626,511
                                                 ============	

FILE NO. 70-7833
EXHIBIT B (PAGE 1 OF 2)
NATIONAL FUEL RESOURCES, INC.
BALANCE SHEET
AT SEPTEMBER 30, 1995
 (Unaudited)
ASSETS

Current Assets:

      Cash                                            $   46,047
      Short Term Investments                           5,103,155
      Accounts Receivable                              3,943,668
      Accounts Receivable-Intercompany                    31,326
      Reserve for Doubtful Accounts                    (734,594)
      Other Current Assets                               160,403
                                                      ___________

                                                      $8,550,005

Property, Plant, and Equipment
      Furniture and Fixtures                              68,582
      Less - Accumulated Depreciation                     14,327
                                                      ___________

                                                         $54,255

Other Assets:

      Long Term Investments                            1,156,542
      Other Deferred Debits                                9,376
      Deferred Tax Asset                                      --
                                                      ___________

                                                      $1,165,918
                                                      ___________

                                                      $9,770,178
                                                      ===========

                                                     FILE NO. 70-7833	

EXHIBIT B (PAGE 2 OF 2)
NATIONAL FUEL RESOURCES, INC.
BALANCE SHEET
AT SEPTEMBER 30, 1995
 (Unaudited)
LIABILITIES

Current Liabilities:
      Accounts Payable                                $  859,872
      Accrued Liabilities                                446,464
      Accrued Sales Tax                                    1,910
      Current Income Taxes-Federal                      (86,020)
                          -State                          91,908
      Accounts Payable-Intercompany                      849,717
      Notes Payable-Intercompany                              --
                                                      ___________

                                                       2,163,850

Long Term Liabilities:

      Deferred Income Taxes                            (146,389)
      Miscellaneous Deferred Credits                     465,923
                                                      ___________

                                                      $  319,534

Stockholder's Equity:

      Common Stock                                        10,000
      Capital Paid in Excess of Par                    3,490,000
      Retained Earnings                                3,821,794
      Retained Earnings - Dividends                       35,000
                                                      ___________

                                                      $7,286,794
                                                      ___________

                                                      $9,770,178
                                                      ===========