EX-25.1 10 d355000dex251.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

 

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

Longwood Gathering and Disposal Systems GP, Inc.

   Texas    20-5668672

Longwood Gathering and Disposal Systems, LP

   Texas    20-5668690

Longwood Midstream Delaware, LLC

   Texas    61-1745124

Longwood Midstream Holdings

   Texas    35-2585241

Longwood Midstream South Texas, LLC

   Texas    37-1764590

Longwood Midstream Southeast, LLC

   Texas    32-0448226

Matador Production Company

   Texas    75-3131373

MRC Delaware Resources, LLC

   Texas    37-1776519

MRC Energy Company

   Texas    36-4535752

MRC Energy South Texas Company, LLC

   Texas    30-0839694

MRC Energy Southeast Company, LLC

   Texas    32-0447771

MRC Permian Company

   Texas    20-4090232

MRC Permian LKE Company, LLC

   Texas    37-1795459

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 9th of March, 2017.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION
LOGO
John C. Stohlmann
Vice President


EXHIBIT 6

March 9, 2017

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

LOGO

 

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 December 31, 2013, 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

      $ 19,641  

Interest-bearing balances

        187,583  

Securities:

     

Held-to-maturity securities

        12,346  

Available-for-sale securities

        215,837  

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        51  

Securities purchased under agreements to resell

        18,962  

Loans and lease financing receivables:

     

Loans and leases held for sale

        10,277  

Loans and leases, net of unearned income

     778,519     

LESS: Allowance for loan and lease losses

     12,421     

Loans and leases, net of unearned income and allowance

        766,098  

Trading Assets

        32,465  

Premises and fixed assets (including capitalized leases)

        7,582  

Other real estate owned

        3,838  

Investments in unconsolidated subsidiaries and associated companies

        662  

Direct and indirect investments in real estate ventures

        7  

Intangible assets

     

Goodwill

        21,549  

Other intangible assets

        22,464  

Other assets

        54,238  
     

 

 

 

Total assets

      $ 1,373,600  
     

 

 

 

LIABILITIES

     

Deposits:

     

In domestic offices

      $ 1,000,959  

Noninterest-bearing

     272,069     

Interest-bearing

     728,890     

In foreign offices, Edge and Agreement subsidiaries, and IBFs

        94,619  

Noninterest-bearing

     633     

Interest-bearing

     93,986     

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

        9,042  

Securities sold under agreements to repurchase

        13,930  


     Dollar Amounts
In Millions
 

Trading liabilities

     13,662  

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

     55,913  

Subordinated notes and debentures

     19,642  

Other liabilities

     27,989  
  

 

 

 

Total liabilities

   $ 1,235,756  

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0  

Common stock

     519  

Surplus (exclude all surplus related to preferred stock)

     103,010  

Retained earnings

     32,028  

Accumulated other comprehensive income

     2,080  

Other equity capital components

     0  
  

 

 

 

Total bank equity capital

     137,637  

Noncontrolling (minority) interests in consolidated subsidiaries

     207  
  

 

 

 

Total equity capital

     137,844  
  

 

 

 

Total liabilities, and equity capital

   $ 1,373,600  
  

 

 

 

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   
Avid Modjtabai