UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
_________________________________________
In the Matter of
NATIONAL FUEL GAS COMPANY | TWELFTH |
NATIONAL FUEL GAS SUPPLY CORPORATION | CERTIFICATE |
NATIONAL FUEL RESOURCES, INC. | PURSUANT TO |
SENECA RESOURCES CORPORATION | RULE 24 |
UPSTATE ENERGY INC. |
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 of, and for the purposes as represented by, said Application-Declaration, and the Order of the Securities and Exchange Commission (HCAR No. 35-27114 dated December 16, 1999) with respect thereto, as amended.
I. Name and Purpose of Foreign Energy AffiliatesDuring the quarter ended March 31, 2003 (Quarter), no new Foreign Energy Affiliates were acquired. Nationals Foreign Energy Affiliates are National Fuel Exploration Corp., a Canadian corporation (Exploration), and Player Resources Ltd., a Canadian corporation (Player). Explorations financial statements represent a consolidation of the financial statements of all the Foreign Energy Affiliates.
II. Foreign Energy Affiliate Financial Statements:
The following exhibits are attached to and made a part of this Certificate:
Exhibit A - Income Statement of Exploration for the quarter ended
March 31, 2003
Exhibit B - Balance Sheet of Exploration as of March 31, 2003
III. Description of Specific Activities:
During the Quarter, Exploration and Player continued to operate their oil and gas exploration and production businesses in Canada.
IV. Percentage of Revenues Attributable to the Sale of Energy Commodities in Canada:
During the Quarter, Explorations Canadian oil sales represented approximately 56.88% of the total revenues generated by Seneca (on a consolidated basis, net of hedging) from the sale of oil.
During the Quarter, Explorations Canadian natural gas sales represented approximately 18.79% of the total revenues generated by Seneca (on a consolidated basis, net of hedging) from the sale of natural gas.
IN WITNESS WHEREOF, the undersigned companies have caused this Certificate to be executed as of this 14th day of May, 2003.
NATIONAL FUEL GAS COMPANY | |
By: /s/ P. C. Ackerman | |
P. C. Ackerman | |
Chairman, President & CEO |
SENECA RESOURCES CORPORATION | |
By: /s/ J. A. Beck | |
J. A. Beck | |
President |