EXHIBIT 12

NATIONAL FUEL GAS COMPANY
COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
UNAUDITED

	Fiscal Year Ended September 30,
	2009			2008			2007			2006			2005
EARNINGS:
Income from Continuing Operations	$	100,708		$	268,728		$	201,675		$	184,614		$	138,437
Plus Income Tax Expense		51,120			167,922			131,813			108,245			85,621
Less Investment Tax Credit (1)		(697	)		(697	)		(697	)		(697	)		(697	)
(Less Income) Plus Loss from Unconsolidated Subsidiaries (3)		(1,562	)		(6,303	)		(4,979	)		(3,583	)		796
Plus Distributions from Unconsolidated Subsidiaries		2,900			8,280			1,613			4,651			1,990
Plus Interest Expense on Long-Term Debt		79,419			70,099			68,446			72,629			73,244
Plus Other Interest Expense		7,497			3,870			6,029			5,952			9,069
Less Amortization of Loss on Reacquired Debt		(1,124	)		(1,156	)		(1,119	)		(1,118	)		(1,066	)
Plus (Less) Allowance for Borrowed Funds Used in Construction		1,174			2,100			374			296			201
Plus Rentals (2)		1,867			2,229			2,685			2,810			3,554
	$	241,302		$	515,072		$	405,840		$	373,799		$	311,149
FIXED CHARGES:
Interest & Amortization of Premium and Discount of Funded Debt	$	79,419		$	70,099		$	68,446		$	72,629		$	73,244
Plus Other Interest Expense		7,497			3,870			6,029			5,952			9,069
Less Amortization of Loss on Reacquired Debt		(1,124	)		(1,156	)		(1,119	)		(1,118	)		(1,066	)
Plus (Less) Allowance for Borrowed Funds Used in Construction		1,174			2,100			374			296			201
Plus Rentals (2)		1,867			2,229			2,685			2,810			3,554
	$	88,833		$	77,142		$	76,415		$	80,569		$	85,002
RATIO OF EARNINGS TO FIXED CHARGES		2.72			6.68			5.31			4.64			3.66

(1)	Investment Tax Credit is included in Other Income.
(2)	Rentals shown above represent the portion of all rentals (other than delay rentals) deemed representative of the interest factor.
(3)	Fiscal 2009 and 2005 include impairments of an investment in a partnership of $1,804 and $4,158, respectively.