c57141_fwp.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Filed Pursuant to Rule 433
Registration No. 333-158060
April 1, 2009

NATIONAL FUEL GAS COMPANY

Final Term Sheet

April 1, 2009

Issuer:             National Fuel Gas Company 
Security:             8.75% Notes due 2019 
Size:             $250,000,000 
Maturity:             May 1, 2019 
Coupon (Interest Rate):             8.75% per annum 
Yield to Maturity:             8.784% 
Spread to Benchmark Treasury:             612.5 basis points 
Benchmark Treasury:             2.75% due February 15, 2019 
Benchmark Treasury Yield:             2.659% 
Interest Payment Dates:             May 1 and November 1, commencing November 1, 2009 
Redemption Provision:             Make-Whole Call, at any time at a discount rate of 
             Treasury plus 50 basis points 
Price to Public:             99.762% 
Settlement Date:             April 6, 2009 
CUSIP:             636180BJ9 
Ratings:             Baa1 (Moody’s)/BBB (S&P)/A- (Fitch)* 
Joint Book-Running Managers:             Banc of America Securities LLC and J.P. Morgan 
             Securities Inc. 
Co-Managers:             HSBC Securities (USA) Inc., Mitsubishi UFJ 
             Securities (USA), Inc., PNC Capital Markets LLC, 
             BNY Mellon Capital Markets, LLC and RBS 
             Securities Inc. 

*      Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Banc of America Securities LLC or J.P. Morgan Securities Inc. can arrange to send you the prospectus if you request it by calling or e-mailing Banc of America Securities LLC at 1-800-294-1322 or dg.prospectus_distribution@bofasecurities.com or by calling J.P. Morgan Securities Inc. at 1-212-834-4533.