EX-25.1 28 d933929dex251.htm EX-25.1 EX-25.1

Exhibit 25.1

 

 

 

UNITED STATES

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

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)

 

 

Matador Resources Company

(Exact name of registrant as specified in its charter)

 

 

 

Texas   1311   27-4662601

(State or other jurisdiction of

incorporation or organization)

 

(Primary Standard Industrial

Classification Code Number)

 

(I.R.S. Employer

Identification No.)

5400 LBJ Freeway, Suite 1500

Dallas, Texas 75240

(972) 371-5200

(Address, including zip code, and telephone number, including area code, of registrants’ principal executive offices)

 

 

6.875% Senior Notes Due 2023

 

 

 


GUARANTORS

 

Exact name of registrant

as specified in its charter(1)

  

State or

other jurisdiction of

incorporation or

organization

  

I.R.S. Employer

Identification No.

Delaware Water Management Company, LLC    Texas    35-2514885
DLK Wolf Midstream, LLC    Texas    36-4795481
DLK Black River Midstream, LLC    Texas    37-1767354
Longwood Gathering and Disposal Systems, LP    Texas    20-5668690
Longwood Gathering and Disposal Systems GP, Inc.    Texas    20-5668672
Longwood Midstream South Texas, LLC    Texas    37-1764590
Longwood Midstream Southeast, LLC    Texas    32-0448226
Longwood Midstream Delaware, LLC    Texas    61-1745124
Matador Production Company    Texas    75-3131373
MRC Delaware Resources, LLC    Texas    37-1776519
MRC Energy Company    Texas    36-4535752
MRC Energy Southeast Company, LLC    Texas    32-0447771
MRC Energy South Texas Company, LLC    Texas    30-0839694
MRC Permian Company    Texas    20-4090232
MRC Rockies Company    Texas    26-4001290
Southeast Water Management Company, LLC    Texas    38-3939361

 

(1) The address for each registrant’s principal executive office is 5400 LBJ Freeway, Suite 1500, Dallas, Texas 75240, and the telephone number of each registrant’s principal executive office is (972) 371-5200.


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

Treasury Department

Washington, D.C.

Federal Deposit Insurance Corporation

Washington, D.C.

Federal Reserve Bank of San Francisco

San Francisco, California 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 for Wells Fargo Bank, National Association, dated January 14, 2015.**
Exhibit 3. A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.**
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 file number 333-130784.
** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit to the Filing 305B2 dated March 13, 2015 of file number 333-190926.


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 27th of May, 2015.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Patrick T. Giordano

Patrick T. Giordano
Vice President


EXHIBIT 6

May 27, 2015

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/ Patrick T. Giordano

Patrick T. Giordano
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 March 31, 2015, 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

      $ 18,155   

Interest-bearing balances

        253,636   

Securities:

     

Held-to-maturity securities

        67,133   

Available-for-sale securities

        227,089   

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        625   

Securities purchased under agreements to resell

        22,376   

Loans and lease financing receivables:

     

Loans and leases held for sale

        19,541   

Loans and leases, net of unearned income

     822,149      

LESS: Allowance for loan and lease losses

     10,790      

Loans and leases, net of unearned income and allowance

        811,359   

Trading Assets

        41,469   

Premises and fixed assets (including capitalized leases)

        7,480   

Other real estate owned

        2,217   

Investments in unconsolidated subsidiaries and associated companies

        869   

Direct and indirect investments in real estate ventures

        1   

Intangible assets

     

Goodwill

        21,627   

Other intangible assets

        17,259   

Other assets

        60,553   
     

 

 

 

Total assets

$ 1,571,389   
     

 

 

 

LIABILITIES

Deposits:

In domestic offices

$ 1,093,967   

Noninterest-bearing

  336,758   

Interest-bearing

  757,209   

In foreign offices, Edge and Agreement subsidiaries, and IBFs

  150,855   

Noninterest-bearing

  912   

Interest-bearing

  149,943   

Federal funds purchased and securities sold under agreements to repurchase:

Federal funds purchased in domestic offices

  1,004   

Securities sold under agreements to repurchase

  15,906   

Trading liabilities

  24,062   

Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)

  87,908   

Subordinated notes and debentures

  16,899   

Other liabilities

  33,851   
     

 

 

 

Total liabilities

$ 1,424,452   

EQUITY CAPITAL

Perpetual preferred stock and related surplus

  0   

Common stock

  519   

Surplus (exclude all surplus related to preferred stock)

  106,692   

Retained earnings

  34,702   

Accumulated other comprehensive income

  4,587   

Other equity capital components

  0   
     

 

 

 

Total bank equity capital

  146,500   

Noncontrolling (minority) interests in consolidated subsidiaries

  437   
     

 

 

 

Total equity capital

  146,937   
     

 

 

 

Total liabilities, and equity capital

$ 1,571,389   
     

 

 

 


I, John R. Shrewsberry, Sr. 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.

John R. Shrewsberry

Sr. 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
James Quigley
Enrique Hernandez, Jr.