EX-25.1 6 a13-13002_1ex25d1.htm EX-25.1

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

 

 

x  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

 

Identification No.)

bank)

 

 

 

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)

 

 

BONANZA CREEK ENERGY, INC.

 (Exact name of obligor as specified in its charter)

 

Delaware

 

61-1630631

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

410 17TH Street, Suite 1400
Denver, Colorado 80202
TELEPHONE:  (720) 440-6100
 (Address, Including Zip Code, and Telephone Number, Including Area

Code, of Registrant’s Principal Executive Offices)

 

 

6¾% Senior Notes dues 2021

And Guarantees of 6¾% Senior Notes dues 2021

 

 

 


 

GUARANTORS*

 

Exact name of

 

State of

 

IRS

Additional Registrant as

 

Incorporation or

 

Employee

Specified in it Charter

 

Organization

 

Identification No.

 

 

 

 

 

Bonanza Creek Energy Operating Company, LLC

 

Delaware

 

20-4830537

Bonanza Creek Energy Resources, LLC

 

Delaware

 

26-2526378

Bonanza Creek Energy Midstream, LLC

 

Delaware

 

26-2526378

Bonanza Creek Energy Upstream, LLC

 

Delaware

 

26-2526378

Holmes Eastern Company, LLC

 

Delaware

 

24-4665456

 

*Each Guarantor has the same principal executive office and phone number as Bonanza Creek Energy, 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 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 22nd day of May, 2013.

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

John C. Stohlmann

 

Vice President

 


 

EXHIBIT 6

 

May 22, 2013

 

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

 

 

 

 

John C. Stohlmann

 

Vice President

 


 

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, 2012, 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

 

 

 

$

22,460

 

Interest-bearing balances

 

 

 

105,937

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

 

0

 

Available-for-sale securities

 

 

 

203,661

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold in domestic offices

 

 

 

46

 

Securities purchased under agreements to resell

 

 

 

30,783

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

29,991

 

Loans and leases, net of unearned income

 

745,960

 

 

 

LESS: Allowance for loan and lease losses

 

14,234

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

731,726

 

Trading Assets

 

 

 

34,637

 

Premises and fixed assets (including capitalized leases)

 

 

 

7,746

 

Other real estate owned

 

 

 

3,891

 

Investments in unconsolidated subsidiaries and associated companies

 

 

 

595

 

Direct and indirect investments in real estate ventures

 

 

 

11

 

Intangible assets

 

 

 

 

 

Goodwill

 

 

 

21,545

 

Other intangible assets

 

 

 

19,870

 

Other assets

 

 

 

53,226

 

 

 

 

 

 

 

Total assets

 

 

 

$

1,266,125

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

$

918,331

 

Noninterest-bearing

 

253,411

 

 

 

Interest-bearing

 

664,920

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

 

76,108

 

Noninterest-bearing

 

1,821

 

 

 

Interest-bearing

 

74,287

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased in domestic offices

 

 

 

17,247

 

Securities sold under agreements to repurchase

 

 

 

12,230

 

Trading liabilities

 

 

 

18,815

 

Other borrowed money

 

 

 

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

 

 

39,654

 

Subordinated notes and debentures

 

 

 

16,747

 

Other liabilities

 

 

 

32,260

 

 

 

 

 

 

 

Total liabilities

 

 

 

$

1,131,392

 

 

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

Perpetual preferred stock and related surplus

 

 

 

0

 

Common stock

 

 

 

519

 

Surplus (exclude all surplus related to preferred stock)

 

 

 

101,833

 

Retained earnings

 

 

 

24,167

 

Accumulated other comprehensive income

 

 

 

7,144

 

Other equity capital components

 

 

 

0

 

 

 

 

 

 

 

Total bank equity capital

 

 

 

133,663

 

Noncontrolling (minority) interests in consolidated subsidiaries

 

 

 

1,070

 

 

 

 

 

 

 

Total equity capital

 

 

 

134,733

 

 

 

 

 

 

 

Total liabilities, and equity capital

 

 

 

$

1,266,125

 

 


 

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

David Hoyt

 

Michael Loughlin