EX-25.1 29 h84453exv25w1.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
 
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
organization if not a U.S. national
bank)
  (I.R.S. Employer
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, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)
 
BASIC ENERGY SERVICES, INC.
(Exact name of obligor as specified in its charter)
     
Delaware   54-2091194
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No
500 W. Illinois, Suite 100
Midland, Texas 79701
(432) 620-5500
(Address, Including Zip Code, and Telephone Number, Including Area
Code, of Registrant’s Principal Executive Offices)
 
7 3/4% Senior Notes due 2019
and Guarantees
 

 


 

GUARANTORS
         
Exact name of   State of   IRS
Additional Registrant as   Incorporation or   Employee
Specified in it Charter   Organization   Identification No.
*Basic Energy Services GP, LLC
  Delaware   54-2091197
*Basic Energy Services LP, LLC
  Delaware   54-2091195
*Basic Energy Services, L.P.
  Delaware   75-2441819
*Basic ESA, Inc.
  Texas   75-1772279
*Chaparral Service, Inc.
  New Mexico   85-0206424
*Basic Marine Services, Inc.
  Delaware   20-2274888
*First Energy Services Company
  Delaware   84-1544437
*Hennessey Rental Tools, Inc.
  Oklahoma   73-1435063
*Oilwell Fracturing Services, Inc.
  Oklahoma   73-1142826
*Wildhorse Services, Inc.
  Oklahoma   06-1641442
*LeBus Oil Field Service Co.
  Texas `   75-2073125
*Globe Well Service, Inc.
  Texas   75-1634275
*SCH Disposal, L.L.C.
  Texas   75-2788335
*JS Acquisition LLC
  Delaware   26-2529500
*JetStar Holdings, Inc.
  Delaware   74-3144248
*Acid Services, LLC
  Kansas   48-1180455
*JetStar Energy Services, Inc.
  Texas   68-0605237
*Sledge Drilling Corp.
  Texas   20-4223140
*Permian Plaza, LLC
  Texas   26-0753425
*Xterra Fishing & Rental Tools Co.
  Texas   76-0647818
*Taylor Industries, LLC
  Texas   27-2417037
*Platinum Pressure Services, Inc.
  Texas   26-1338379
*Admiral Well Service, Inc.
  Texas   26-3164899
*Maverick Coil Tubing Services, LLC
  Colorado   84-1563281
*Maverick Solutions, LLC
  Colorado   20-0122876
*Maverick Stimulation Company, LLC
  Colorado   84-1354572
*Maverick Thru-Tubing Services, LLC
  Colorado   27-1501902
*MCM Holdings, LLC
  Colorado   84-1520949
*MSM Leasing, LLC
  Colorado   27-0629182
*The Maverick Companies, LLC
  Colorado   20-5244170
 
*   Guarantor has the same principal executive office and phone number as Basic Energy Services, Inc.

 


 

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 TG3 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 25.1 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 2nd day of September, 2011.
WELLS FARGO BANK, NATIONAL ASSOCIATION
-s- John C. Stohlman
John C. Stohlmann
Vice President

 


 

EXHIBIT 6
September 2, 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

 


 

EXHIBIT 7
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 June 30, 2011, 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
          $ 24,433  
Interest-bearing balances
            66,533  
Securities:
               
Held-to-maturity securities
            0  
Available-for-sale securities
            154,068  
Federal funds sold and securities purchased under agreements to resell:
               
Federal funds sold in domestic offices
            4,142  
Securities purchased under agreements to resell
            15,186  
Loans and lease financing receivables:
               
Loans and leases held for sale
            21,688  
Loans and leases, net of unearned income
    689,075          
LESS: Allowance for loan and lease losses
    17,922          
Loans and leases, net of unearned income and allowance
            671,153  
Trading Assets
            33,481  
Premises and fixed assets (including capitalized leases)
            8,103  
Other real estate owned
            4,705  
Investments in unconsolidated subsidiaries and associated companies
            566  
Direct and indirect investments in real estate ventures
            107  
Intangible assets
               
Goodwill
            20,936  
Other intangible assets
            25,816  
Other assets
            53,916  
 
             
Total assets
          $ 1,104,833  
 
             
LIABILITIES
               
Deposits:
               
In domestic offices
          $ 761,154  
Noninterest-bearing
    181,676          
Interest-bearing
    579,478          
In foreign offices, Edge and Agreement subsidiaries, and IBFs
            93,814  
Noninterest-bearing
    1,901          
Interest-bearing
    91,913          
Federal funds purchased and securities sold under agreements to repurchase:
               
Federal funds purchased in domestic offices
            3,170  
Securities sold under agreements to repurchase
            13,304  

 


 

         
    Dollar Amounts  
    In Millions  
Trading liabilities
    20,222  
Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)
    39,048  
Subordinated notes and debentures
    17,392  
Other liabilities
    31,532  
 
     
Total liabilities
  $ 979,636  
 
EQUITY CAPITAL
       
Perpetual preferred stock and related surplus
    0  
Common stock
    519  
Surplus (exclude all surplus related to preferred stock)
    99,145  
Retained earnings
    18,601  
Accumulated other comprehensive income
    5,614  
Other equity capital components
    0  
 
     
Total bank equity capital
    123,879  
Noncontrolling (minority) interests in consolidated subsidiaries
    1,318  
 
     
 
Total equity capital
    125,197  
 
 
     
Total liabilities, and equity capital
  $ 1,104,833  
 
     
I, Timothy J. Sloan, 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.
Timothy J. Sloan
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
Carrie Tolstedt
Michael Loughlin