EX-25.1 8 d38526dex251.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)

 

 

RICE ENERGY INC.

(AND CERTAIN SUBSIDIARIES OF RICE ENERGY INC. IDENTIFIED IN

FOOTNOTE (*) BELOW)

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Delaware   1311   46-3785773
(State or Other Jurisdiction of
Incorporation or Organization)
  (Primary Standard Industrial
Classification Code Number)
  (I.R.S. Employer
Identification Number)

 

 

400 Woodcliff Drive

Canonsburg, Pennsylvania 15317

(724) 746-6720

 
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

7.25% Senior Notes due 2023

 

 

 


TABLE OF ADDITIONAL REGISTRANT GUARANTORS

 

* The following are co-registrants that guarantee the debt securities:

 

Exact Name of Registrant Guarantor(1)

   State or Other
Jurisdiction of
Incorporation or
Formation
   IRS Employer
Identification
Number
 

Rice Marketing LLC

   Delaware      47-2089524   

Rice Energy Marketing LLC

   Delaware      45-4877837   

Rice Energy Appalachia, LLC

   Delaware      61-1671607   

Rice Drilling B LLC

   Delaware      26-1953720   

Rice Drilling C LLC

   Pennsylvania      27-0970344   

Rice Drilling D LLC

   Delaware      90-0779528   

Blue Tiger Oilfield Services LLC

   Delaware      61-1671607   

Alpha Shale Holdings, LLC

   Delaware      27-1785095   

Alpha Shale Resources, LP

   Delaware      27-1785246   

 

(1) The address for each Registrant Guarantor is 400 Woodcliff Drive, Canonsburg, Pennsylvania 15317, and the telephone number for each Registrant Guarantor is (724) 746-6720. The Primary Industrial Classification Code for each Registrant Guarantor is 1311.


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 4th of December, 2015.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION
             LOGO
Patrick T. Giordano
Vice President


EXHIBIT 6

December 4th, 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
             LOGO
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 September 30, 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

      $ 15,085   

Interest-bearing balances

        211,271   

Securities:

     

Held-to-maturity securities

        78,668   

Available-for-sale securities

        240,950   

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        76   

Securities purchased under agreements to resell

        19,109   

Loans and lease financing receivables:

     

Loans and leases held for sale

        17,905   

Loans and leases, net of unearned income

     860,602      

LESS: Allowance for loan and lease losses

     10,426      

Loans and leases, net of unearned income and allowance

        850,176   

Trading Assets

        34,624   

Premises and fixed assets (including capitalized leases)

        7,662   

Other real estate owned

        1,667   

Investments in unconsolidated subsidiaries and associated companies

        871   

Direct and indirect investments in real estate ventures

        0   

Intangible assets

     

Goodwill

        21,627   

Other intangible assets

        16,658   

Other assets

        62,825   
     

 

 

 

Total assets

      $ 1,579,174   
     

 

 

 

LIABILITIES

     

Deposits:

     

In domestic offices

      $ 1,090,468   

Noninterest-bearing

     339,620      

Interest-bearing

     750,848      

In foreign offices, Edge and Agreement subsidiaries, and IBFs

        151,303   

Noninterest-bearing

     590      

Interest-bearing

     150,713      

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

        4,412   

Securities sold under agreements to repurchase

        17,515   


          Dollar Amounts
In Millions
 

Trading liabilities

        22,569   

Other borrowed money

     

(includes mortgage indebtedness and obligations under capitalized leases)

        94,794   

Subordinated notes and debentures

        15,524   

Other liabilities

        32,235   
     

 

 

 

Total liabilities

      $ 1,428,820   

EQUITY CAPITAL

     

Perpetual preferred stock and related surplus

        0   

Common stock

        519   

Surplus (exclude all surplus related to preferred stock)

        106,703   

Retained earnings

        39,009   

Accumulated other comprehensive income

        3,701   

Other equity capital components

        0   
     

 

 

 

Total bank equity capital

        149,932   

Noncontrolling (minority) interests in consolidated subsidiaries

        422   
     

 

 

 

Total equity capital

        150,354   
     

 

 

 

Total liabilities, and equity capital

      $ 1,579,174   
     

 

 

 

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.