3
UNITED STATES OF AMERICA
 Before the
SECURITIES AND EXCHANGE COMMISSION

In the Matter of
                                                  FIRST
NATIONAL FUEL GAS COMPANY                         CERTIFICATE
HORIZON ENERGY DEVELOPMENT, INC.                  PURSUANT TO
                                                  RULE 24

File No. 70-8649
(Public Utility Holding Company Act of 1935)	

THIS IS TO CERTIFY, pursuant to Rule 24, that certain filing
requirements proposed by National Fuel Gas Company ("National")
and its subsidiary, Horizon Energy Development, Inc. ("Horizon")
in Form U-1, Application-Declaration, File No. 70-8649, as

amended,  have been carried out in accordance with the terms  and

conditions of said Application-Declaration and the Order  of  the

Securities and Exchange Commission (the "Commission')  (HCAR  No.

35-26364  dated August 29, 1995) with respect thereto,  in  that,	

the following information for the quarter ended September 30,
1995 is herein provided:
1a) Horizon's balance sheet at September 30, 1995
is attached as Exhibit 1.
1b) National's balance sheet at September 30,
1995 will be included in
National's Form 10k for fiscal 1995 which is anticipated to be filed with the Commission in December 1995 and is incorporated herein by reference.
2a) Horizon's income statement for the quarter ended September 30, 1995
is attached as Exhibit 2.
2b) National's income statement for the quarter ended September 30, 1995
will be included in National's Form 10k for fiscal 1995 which is anticipated to be filed with the Commission in December 1995 and is incorporated herein by reference.
3) Recourse and non-recourse debt securities issued to third parties by Intermediate Companies during the quarter ended September 30, 1995.
None.
4) A general description of the activities of the Applicants for the period ended September 30, 1995 and of the projects in which they or their subsidiary companies have an ownership interest:
a) Effective as of September 15, 1995 Novergaz (1994), Inc. and Sceptre Energy, Inc., individually and as partners of Sceptre Power Company (the "Partnership") sold, assigned, and transferred to Horizon one hundred percent (100%) of their interests in and to the Partnership and its assets. Horizon is the Managing Partner of the Partnership and, subject to certain distribution sharing provisions applicable to the non-equity partners, all ownership and voting interest of the Partnership belong to Horizon.
The business of the Partnership is to develop, finance, construct and operate Exempt Projects and Domestic Power Projects as those terms are defined in HCAR 35-26364; File No. 70-8649. Horizon will fund the working capital expenses of the Partnership. Horizon will have the opportunity to re-coup those expenses and to earn development fees through projects developed by the Partnership and to make equity investments in such projects.
b) On or about September 8, 1995 a Consortium of National Fuel, the Partnership and Steward and Stevenson Operations, Inc. submitted pre-qualification credentials to the Special Committee for the Promotion of Private Investment in Electroperu S.A. ("CEPRI") in connection with CEPRI's solicitation of bids for a proposed 15 MW electric generation project in northwestern Peru (the "Project"). On or about September 28, 1995 the Partnership was assigned National Fuel's interest in the Consortium. The Consortium has qualified to bid on the Project.
c) On September 12, 1995 National Fuel Gas Company submitted an application to bid on the privatization of the Hungarian gas distribution company known as Eszakdunantuli Gazszolgaltato ("EGAZ") and subsequently qualified to submit a bid.
5) Information on intercompany service transactions (including those provided at cost and at market rates) involving affiliated Intermediate Companies.
None, neither Horizon nor National has any affiliate Intermediate Companies at this time.

November 29, 1995                       NATIONAL FUEL GAS COMPANY

                                   By: /s/Gerald T. Wehrlin
                                           Gerald T. Wehrlin
                                            Controller	

HORIZON ENERGY DEVELOPMENT, INC.
BALANCE SHEET
At September 30, 1995
ASSETS

Current Assets:
    Cash                                                 $      632,459
Total Current Assets                                             632,459
Property, Plant & Equipment                                        69,832
    Less:  Reserve for DDA
                                                                   69,832
Other Assets:
    Deferred Charges                                             711,528
Total Other Assets                                               711,528

Total Assets                                             $   1,413,819

LIABILITIES AND STOCKHOLDERS EQUITY
Capital Stock $1 Par:
    Authorized 500 Shares Issued and Outstanding         $             500
    Paid-In-Capital                                              999,500
Retained Earnings                                               (162,500)
Total Stockholders Equity                                        837,500

Current and Accrued Liabilities:
    Accounts Payable                                               24,868
    Accounts Payable - Intercompany                              638,951
Total Current and Accrued Liabilities                            663,819

Deferred Credits:
    Accumulated Deferred Income Taxes                             (87,500)
Total Deferred Credits                                            (87,500)

Total Liabilities and Stockholders Equity                $   1,413,819	

HORIZON ENERGY DEVELOPMENT, INC.
INCOME STATEMENT

                                                  One Month Ended
                                                  September 30, 1995

Operating Expenses:
  Operations Expense                                       $    250,000
Total Operating Expenses                                         250,000

Pretax Loss                                                     (250,000)

Income Taxes-Deferred                                             (87,500)

Net Loss                                                   $   (162,500)