EX-25.1 5 d638280dex251.htm EX-25.1 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

 

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 obligor as specified in its charter)

 

 

 

TEXAS   27-4662601
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)

5400 LBJ Freeway, Suite 1500

Dallas, Texas 75240

  75240
(Address of principal executive offices)   (Zip code)

 

 

5.875% Senior Notes due 2026

(Title of the indenture securities)

 

 

 


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, LP    Texas    20-5668690
Longwood Gathering and Disposal Systems GP, Inc.    Texas    20-5668672
Longwood Midstream Holdings, LLC    Texas    35-2585241
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 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 and Fiduciary Powers for Wells Fargo Bank, National Association, dated June 27, 2012.**

Exhibit 3.

   A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated December 21, 2011. **

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 333-130784-06.

**

Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-3 dated January 23, 2013 of file number 333-186155.

***

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 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 7th day of November 2018

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ John C. Stohlmann

John C. Stohlmann
Vice President


EXHIBIT 6

November 7, 2018

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 therefor.

 

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, 2018, 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

      $ 19,803  

Interest-bearing balances

        143,123  

Securities:

     

Held-to-maturity securities

        144,098  

Available-for-sale securities

        250,007  

Equity Securities with readily determinable fair value not held for trading

        94  

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        79  

Securities purchased under agreements to resell

        34,203  

Loans and lease financing receivables:

     

Loans and leases held for sale

        13,308  

Loans and leases, net of unearned income

     918,993     

LESS: Allowance for loan and lease losses

     9,864     

Loans and leases, net of unearned income and allowance

        909,129  

Trading Assets

        44,974  

Premises and fixed assets (including capitalized leases)

        8,073  

Other real estate owned

        502  

Investments in unconsolidated subsidiaries and associated companies

        12,118  

Direct and indirect investments in real estate ventures

        163  

Intangible assets

        40,514  

Other assets

        54,889  
     

 

 

 

Total assets

      $ 1,675,077  
     

 

 

 

LIABILITIES

     

Deposits:

     

In domestic offices

      $ 1,269,998  

Noninterest-bearing

     415,406     

Interest-bearing

     854,592     

In foreign offices, Edge and Agreement subsidiaries, and IBFs

        52,292  

Noninterest-bearing

     897     

Interest-bearing

     51,395     

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

        8,421  

Securities sold under agreements to repurchase

        6,394  


     Dollar Amounts
In Millions
 

Trading liabilities

     11,024  

Other borrowed money

  

(includes mortgage indebtedness and obligations under capitalized leases)

     116,305  

Subordinated notes and debentures

     11,749  

Other liabilities

     34,525  
  

 

 

 

Total liabilities

   $ 1,510,708  

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0  

Common stock

     519  

Surplus (exclude all surplus related to preferred stock)

     112,567  

Retained earnings

     54,424  

Accumulated other comprehensive income

     -3,482  

Other equity capital components

     0  
  

 

 

 

Total bank equity capital

     164,028  

Noncontrolling (minority) interests in consolidated subsidiaries

     341  
  

 

 

 

Total equity capital

     164,369  
  

 

 

 

Total liabilities, and equity capital

   $ 1,675,077  
  

 

 

 

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.

Directors

Enrique Hernandez, Jr

Federico F. Pena

James Quigley