EX-25.1 8 a06-18342_1ex25d1.htm EX-25

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)    
o


THE BANK OF NEW YORK TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

95-3571558

(State of incorporation

 

(I.R.S. employer

if not a U.S. national bank)

 

identification no.)

700 South Flower Street

 

90017

Suite 500

 

(Zip code)

Los Angeles, California

 

 

(Address of principal executive offices)

 

 

 


Pogo Producing Company

(Exact name of obligor as specified in its charter)

Delaware

 

74-1659398

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

5 Greenway Plaza, Houston, Texas

 

77046

 (Address of principal executive offices)

 

(Zip code)

 


(7.875% Senior Subordinated Notes due 2013)

 




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.

Name

 

Address

Comptroller of the Currency
United States Department of the Treasury

 

Washington, D.C. 20219

Federal Reserve Bank

 

San Francisco, California 94105

Federal Deposit Insurance Corporation

 

Washington, D.C. 20429

 

(b)         Whether it is authorized to exercise corporate trust powers.

Yes.

2.                 Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

16.          List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

1.                A copy of the articles of association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948).

2.                A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

3.                A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948).

4.                A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).

6.                The consent of the trustee required by Section 321(b) of the Act.

7.                A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

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SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a 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 25st day of August, 2006.

THE BANK OF NEW YORK TRUST COMPANY, N.A.

 

By:

/s/ JOHN C. STOHLMANN

 

 

Name: John C. Stohlmann

 

 

Title: Vice President

 

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EXHIBIT 6

CONSENT OF THE TRUSTEE

Pursuant to the requirements of Section 321 (b) of the Trust Indenture Act of 1939, and in connection with the issue of 7.875% Senior Subordinated Notes due 2013, The Bank of New York Trust Company, N.A. hereby consents that reports of examinations by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefore.

THE BANK OF NEW YORK TRUST COMPANY, N.A.

 

By:

/s/ JOHN C. STOHLMANN

 

 

Name: John C. Stohlmann

 

 

Title: Vice President

 

Dallas, Texas

August 25, 2006

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EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 S. Flower Street, 2
nd Floor, Los Angeles, CA 90017

At the close of business June 30, 2006, published in accordance with Federal regulatory authority instructions.

 

 

Dollar Amounts 
in Thousands

 

ASSETS

 

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

 

 

Noninterest-bearing balances and currency and coin

 

 

3,885

 

 

Interest-bearing balances

 

 

0

 

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

63

 

 

Available-for-sale securities

 

 

64,252

 

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold

 

 

49,300

 

 

Securities purchased under agreements to resell

 

 

115,000

 

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

0

 

 

Loans and leases, net of unearned income

 

 

0

 

 

LESS: Allowance for loan and lease losses

 

 

0

 

 

Loans and leases, net of unearned income and allowance

 

 

0

 

 

Trading assets

 

 

0

 

 

Premises and fixed assets (including capitalized leases)

 

 

3,897

 

 

Other real estate owned

 

 

0

 

 

Investments in unconsolidated subsidiaries and associated companies

 

 

0

 

 

Customers’ liability to this bank on acceptances outstanding

 

 

0

 

 

Intangible assets:

 

 

 

 

 

Goodwill

 

 

267,487

 

 

Other Intangible Assets

 

 

15,747

 

 

Other assets

 

 

39,669

 

 

Total assets

 

 

559,300

 

 

 

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Dollar Amounts 
in Thousands

 

LIABILITIES

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

 

 

Noninterest-bearing

 

 

2,420

 

 

Interest-bearing

 

 

0

 

 

Not applicable

 

 

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased

 

 

0

 

 

Securities sold under agreements to repurchase

 

 

0

 

 

Trading liabilities

 

 

0

 

 

Other borrowed money:

 

 

 

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

 

58,000

 

 

Not applicable

 

 

 

 

 

Bank’s liability on acceptances executed and outstanding

 

 

0

 

 

Subordinated notes and debentures

 

 

0

 

 

Other liabilities

 

 

79,825

 

 

Total liabilities

 

 

$

140,245

 

 

Minority interest in consolidated subsidiaries

 

 

0

 

 

EQUITY CAPITAL

 

 

 

 

 

Perpetual preferred stock and related surplus

 

 

0

 

 

Common stock

 

 

1,000

 

 

Surplus

 

 

321,520

 

 

Retained earnings

 

 

96,770

 

 

Accumulated other comprehensive income

 

 

(235

)

 

Other equity capital components

 

 

0

 

 

Total equity capital

 

 

$

419,055

 

 

Total liabilities, minority interest, and equity capital

 

 

$

559,300

 

 

 

I, William Winkelmann, Vice President 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.

William Winkelmann

)

Vice President

 

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.

Michael K Klugman, President

)

 

Frank Sulzberger, Managing Director

)

Directors

Michael F. McFadden, MD

)

 

 

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