EXHIBIT 12

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

	For the Twelve
	Months Ended			Fiscal Year Ended September 30,
	December 31, 2010			2010			2009			2008			2007
EARNINGS:
Income from Continuing Operations	$	213,452		$	219,133		$	103,484		$	266,907		$	201,248
Plus Income Tax Expense		135,395			137,227			52,859			167,672			131,291
Less Investment Tax Credit (1)		(697	)		(697	)		(697	)		(697	)		(697	)
(Less Income) Plus Loss from Unconsolidated Subsidiaries (3)		(987	)		(2,488	)		(1,562	)		(6,303	)		(4,979	)
Plus Distributions from Unconsolidated Subsidiaries		600			2,600			2,900			8,280			1,613
Plus Interest Expense on Long-Term Debt		85,319			87,190			79,419			70,099			68,446
Plus Other Interest Expense		6,780			6,756			7,370			3,271			4,155
Less Amortization of Loss on Reacquired Debt		(1,093	)		(1,093	)		(1,124	)		(1,156	)		(1,119	)
Plus (Less) Allowance for Borrowed Funds Used in Construction		395			323			1,174			2,100			374
Plus (Less) Other Capitalized Interest		1,248			1,056
Plus Rentals (2)		1,685			1,707			1,867			2,229			2,685
	$	442,097		$	451,714		$	245,690		$	512,402		$	403,017
FIXED CHARGES:
Interest & Amortization of Premium and Discount of Funded Debt	$	85,319		$	87,190		$	79,419		$	70,099		$	68,446
Plus Other Interest Expense		6,780			6,756			7,370			3,271			4,155
Less Amortization of Loss on Reacquired Debt		(1,093	)		(1,093	)		(1,124	)		(1,156	)		(1,119	)
Plus (Less) Allowance for Borrowed Funds Used in Construction		395			323			1,174			2,100			374
Plus (Less) Other Capitalized Interest		1,248			1,056
Plus Rentals (2)		1,685			1,707			1,867			2,229			2,685
	$	94,334		$	95,939		$	88,706		$	76,543		$	74,541
RATIO OF EARNINGS TO FIXED CHARGES		4.69			4.71			2.77			6.69			5.41

(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 includes an impairment of an investment in a partnership of $1,804.