EX-25.1 6 d82429exv25w1.htm EX-25.1 exv25w1
Exhibit 25.1
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
 
o CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b) (2)
WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
     
A National Banking Association   94-1347393
(Jurisdiction of incorporation or   (I.R.S. Employer
organization if not a U.S. national bank)   Identification No.)
     
101 North Phillips Avenue    
Sioux Falls, South Dakota   57104
(Address of principal executive offices)   (Zip code)
Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17
th Floor
Minneapolis, Minnesota 55479
(612) 667-4608

(Name, address and telephone number of agent for service)
 
Pioneer Natural Resources Company
(Exact name of obligor as specified in its charter)
     
Delaware   75-2702753
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)
     
5205 N. O’Connor Boulevard, Suite 200    
Irving, Texas   75039
(Address of principal executive offices)   (Zip code)
 
Pioneer Natural Resources USA, Inc.
(Exact name of obligor as specified in its charter)
     
Delaware   75-2516853
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)
     
5205 N. O’Connor Boulevard, Suite 200    
Irving, Texas   75039
(Address of principal executive offices)   (Zip code)
 
Debt Securities
(Title of the indenture securities)
 

 


 

Item 1. General Information. Furnish the following information as to the trustee:
  (a)   Name and address of each examining or supervising authority to which it is subject.
 
      Comptroller of the Currency
Administrator of National Banks
United States Department of the Treasury
Washington, D.C. 20219
 
      Federal Deposit Insurance Corporation
550 17th Street, N.W.
Washington, D.C. 20429
 
      Federal Reserve Bank of San Francisco
P.O. Box 7702
San Francisco, CA 94120
 
  (b)   Whether it is authorized to exercise corporate trust powers.
 
      The trustee is authorized to exercise corporate trust powers.
Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.
      None with respect to the trustee.
No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.
Item 15. Foreign Trustee. Not applicable.
Item 16. List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.
     
Exhibit 1.
  A copy of the Articles of Association of the trustee now in effect.*
 
   
Exhibit 2.
  A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**

 


 

     
Exhibit 3.
  See Exhibit 2
 
   
Exhibit 4.
  Copy of By-laws of the trustee as now in effect.***
 
   
Exhibit 5.
  Not applicable.
 
   
Exhibit 6.
  The consent of the trustee required by Section 321(b) of the Act.
 
   
Exhibit 7.
  A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.
 
   
Exhibit 8.
  Not applicable.
 
   
Exhibit 9.
  Not applicable.
 
*   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of Hornbeck Offshore Services LLC file number 333-130784-06.
 
**   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.
 
***   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of Penn National Gaming Inc. file number 333-125274.

 


 

SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Dallas and State of Texas on the 17th day of May, 2011.
WELLS FARGO BANK, NATIONAL ASSOCIATION
-s- John C. Stohlmann
John C. Stohlmann
Vice President

 


 

EXHIBIT 6
May 17, 2011
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request thereof.
Very truly yours,
WELLS FARGO BANK, NATIONAL ASSOCIATION
-s- John C. Stohlmann
John C. Stohlmann
Vice President

 


 

Consolidated Report of Condition of
Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business December 31, 2010, filed in accordance with 12 U.S.C. §161 for National Banks.
                 
            Dollar Amounts  
            In Millions  
ASSETS
               
Cash and balances due from depository institutions:
               
Noninterest-bearing balances and currency and coin
          $ 17,518  
Interest-bearing balances
            57,228  
Securities:
               
Held-to-maturity securities
            0  
Available-for-sale securities
            150,439  
Federal funds sold and securities purchased under agreements to resell:
               
Federal funds sold in domestic offices
            1,656  
Securities purchased under agreements to resell
            16,821  
Loans and lease financing receivables:
               
Loans and leases held for sale
            38,095  
Loans and leases, net of unearned income
    691,483          
LESS: Allowance for loan and lease losses
    19,637          
Loans and leases, net of unearned income and allowance
            671,846  
Trading Assets
            30,824  
Premises and fixed assets (including capitalized leases)
            8,129  
Other real estate owned
            5,713  
Investments in unconsolidated subsidiaries and associated companies
            659  
Direct and indirect investments in real estate ventures
            111  
Intangible assets
               
Goodwill
            20,931  
Other intangible assets
            26,452  
Other assets
            55,856  
 
             
 
               
Total assets
          $ 1,102,278  
 
             
 
               
LIABILITIES
               
Deposits:
               
In domestic offices
          $ 747,742  
Noninterest-bearing
    165,559          
Interest-bearing
    582,183          
In foreign offices, Edge and Agreement subsidiaries, and IBFs
            99,235  
Noninterest-bearing
    2,029          
Interest-bearing
    97,206          
Federal funds purchased and securities sold under agreements to repurchase:
               
Federal funds purchased in domestic offices
            2,930  
Securities sold under agreements to repurchase
            16,102  

 


 

                 
            Dollar Amounts  
            In Millions  
Trading liabilities
            15,647  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
            40,254  
Subordinated notes and debentures
            19,252  
Other liabilities
            37,554  
 
             
 
               
Total liabilities
          $ 978,716  
 
               
EQUITY CAPITAL
               
Perpetual preferred stock and related surplus
            0  
Common stock
            519  
Surplus (exclude all surplus related to preferred stock)
            98,971  
Retained earnings
            17,489  
Accumulated other comprehensive income
            5,280  
Other equity capital components
            0  
 
             
 
               
Total bank equity capital
            122,259  
Noncontrolling (minority) interests in consolidated subsidiaries
            1,303  
 
             
 
               
Total equity capital
            123,562  
 
             
 
               
Total liabilities, and equity capital
          $ 1,102,278  
 
             
I, Howard I. Atkins, EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.
Howard I. Atkins
EVP & CFO
We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.
John Stumpf                     Directors
Dave Hoyt
Michael Loughlin