UNITED STATES OF AMERICA
                           Before the
               SECURITIES AND EXCHANGE COMMISSION
--------------------------------------------

In the Matter of

NATIONAL FUEL GAS COMPANY                                    FORTIETH
NATIONAL FUEL RESOURCES, INC.                               CERTIFICATE
                                                            PURSUANT TO
File No. 70-7833                                              RULE 24

(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 Three and
Twelve Months ended December 31, 2001.  Also attached as Exhibit "B" is the Balance sheet of NFR as of
December 31, 2001.
              IN WITNESS WHEREOF, the undersigned companies have duly caused this Certificate to be signed this
14th day of February, 2002.

                                      NATIONAL FUEL RESOURCES, INC.

                                      By:  /s/ Donna L. DeCarolis
                                         --------------------------------------
                                         Donna L. DeCarolis, Vice President

                                      NATIONAL FUEL GAS COMPANY

                                      By:  /s/ James R. Peterson
                                         --------------------------------------
                                         James R. Peterson, Assistant Secretary

                                                                      Exhibit A
                          NATIONAL FUEL RESOURCES, INC.
                                INCOME STATEMENT

                                                Three               Twelve
                                             Months Ended        Months Ended
                                           December 31, 2001   December 31, 2001
                                           -----------------   -----------------

                                               Actual                Actual
                                               ------                ------

Operating Revenues                          $32,784,817          $243,804,251
                                            -----------          ------------

Operating Expenses:

Purchased Gas                                28,262,084           240,702,768
Purchased Electric                               47,265             1,112,343
Operation                                     1,089,445             5,182,915
Depreciation, Depletion
   & Amortization                                45,569               198,206
Franchise & Other Taxes                           2,580                53,227
                                            -----------          ------------
                                             29,446,943           247,249,459
                                            -----------          ------------

Operating Income/(Loss)                       3,337,874            (3,445,208)
                                            -----------          ------------

Interest Income                                 (40,096)              688,774
Interest Expense                                 68,426             1,057,729
                                            -----------          ------------

Net Loss Before Taxes                         3,229,352            (3,814,163)
                                            -----------          ------------

Income Taxes:

Federal                                       1,085,104            (2,305,073)
State                                           235,381               328,339
Deferred                                        (38,995)              990,289
                                            -----------          ------------
                                              1,281,490              (986,445)
                                            -----------          ------------

Net Loss                                    $ 1,947,862          $ (2,827,718)
                                            ===========          ============

                                                                       Exhibit B
                         NATIONAL FUEL RESOURCES, INC.
                                 BALANCE SHEET

                                                  AT DECEMBER 31,
                                         ---------------------------------
                                             2001                  2000
                                             ----                  ----
ASSETS
Current Assets:
  Cash and Temporary
    Cash Investments                     $15,041,306           $12,190,514
  Accounts Receivable - Net               16,888,088            36,537,872
  Accounts Receivable - Interco               71,234             3,739,654
  Reserve for Bad Debts                   (2,235,030)           (1,626,605)
  Gas Stored Underground                   8,260,299            26,045,362
  Other Current Assets                        72,847                52,055
                                         -----------            ----------
                                          38,098,744            76,938,852
                                         -----------            ----------

Property, Plant, and Equipment
  Furniture and Fixtures                     994,675               866,345
Less - Accumulated DD&A                     (755,047)             (565,873)
                                         -----------            ----------
                                             239,628               300,472
                                         -----------            ----------

Other Assets                              20,244,661               671,464
                                         -----------            ----------

                                         $58,583,033           $77,910,788
                                         ===========           ===========

LIABILITIES
Current Liabilities:
  Accounts Payable                       $   229,059           $ 1,756,369
  Accrued Liabilities                      5,033,970            20,286,625
  Current Income Taxes - Federal          (1,303,805)                    0
  Accounts Payable - Intercompany            386,606               473,583
  Notes Payable - Intercompany            11,100,000            48,400,000
  Dividend Payable                           100,000               100,000
                                         -----------            ----------
                                          15,545,830            71,016,577
                                         -----------            ----------
Long Term Liabilities:
Deferred Income Taxes                     (1,923,323)           (2,722,491)
Liability for Derivative Financial
   Instruments                            10,935,790             2,282,080
Miscellaneous Deferred Credits             1,633,010             1,057,963
                                         -----------            ----------
                                          10,645,477               617,552
                                         -----------            ----------

Stockholder's Equity:
  Common Stock                                10,000                10,000
  Capital Paid in Excess of Par           33,490,000             3,490,000
  Retained Earnings                         (451,058)            2,776,659
  Unrealized Gain/Loss                      (657,216)                    0
                                         -----------            ----------
Total Equity                              32,391,726             6,276,659
                                         -----------            ----------

                                         $58,583,033           $77,910,788
                                         ===========           ===========