Date: Thu, 18 Dec 1997 21:35:14 GMT Server: Stronghold/1.3.2 Ben-SSL/1.3 Apache/1.1.1 Content-type: text/html Content-length: 4183 Last-modified: Thu, 25 Sep 1997 13:34:02 GMT National Fuel - Other Nonregulated Activities Other Nonregulated Activities


National Fuel Resources, Inc. markets and brokers natural gas for utilities and retail customers. This subsidiary has offices at Buffalo; Clark, New Jersey; Greenville, Pennsylvania, and Chicago.

Horizon Energy Development, Inc. engages in foreign and domestic energy related investment opportunities, including wholesale generation of electricity.

Highland Land & Minerals, Inc. operates a sawmill and kiln at Kane, Pennsylvania where it processes timber from northcentral Pennsylvania, primarily high quality hardwoods.

Leidy Hub, Inc. with other unaffiliated companies, operates market center Hubs throughout North America where multiple interstate pipelines intersect, involving the transportation, storage, purchase, sale, exchange and lending of natural gas. It has also invested in nonregulated new venture opportunities in the natural gas industry.

Data-Track Account Services, Inc. performs collection services for other subsidiaries of the Company.

1996 At a Glance

Outlook




1996 Highlights
NFR Inc.



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