The Executive Committee of the Board of Directors of National Fuel Gas Company (NYSE:NFG) today authorized the repurchase, or buy-back, of up to two million shares of the Company’s common stock. This action follows the completion of the previously announced buy-back of eight million shares of the Company’s common stock. The entire Board is expected to consider the authorization of additional repurchases, above the two million shares authorized by the Executive Committee, at its next quarterly meeting scheduled for September 24, 2008. The buy-back program is intended to be implemented from time to time in the open market or through private transactions.

National Fuel Gas Company is an integrated energy company with $4.3 billion in assets comprising five principal operating segments: Utility, Pipeline and Storage, Exploration and Production, Energy Marketing, and Timber. Additional information about the Company is available at http://www.nationalfuelgas.com or through its investor information service at 1 (800) 334-2188.

National Fuel Gas Company
Analysts:
James C. Welch, 716-857-6987
Media:
Julie Coppola Cox, 716-857-7079