EX-25.1 13 d30534exv25w1.htm FORM T-1 STATEMENT OF ELIGIBILITY AND QUALIFICATION exv25w1
 

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) ________
 
J. P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
     
(State of incorporation
if not a national bank)
  95-4655078
(I.R.S. employer
identification No.)
     
1999 Avenue of the Stars, Floor 26
Los Angeles, California

(Address of principal executive offices)
 
90067
(Zip Code)
Robert M. MacAllister
c/o J.P. Morgan Trust Company, National Association
1 Chase Manhattan Plaza, Floor 25
New York, NY 10005-1401
212-552-1716
(Name, address and telephone number of agent for service)
 
WHITING PETROLEUM CORPORATION
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)
  20-0098515
(I.R.S. employer
identification No.)
     
1700 Broadway, Suite 2300
Denver, Colorado

(Address of principal executive offices)
 
80290-2300
(Zip Code)
 
 

 


 

WHITING OIL AND GAS CORPORATION
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)
  84-0918829
(I.R.S. employer
identification No.)
     
1700 Broadway, Suite 2300
Denver, Colorado

(Address of principal executive offices)
 
80290-2300
(Zip Code)
WHITING PROGRAMS, INC.
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)
  84-0865622
(I.R.S. employer
identification No.)
     
1700 Broadway, Suite 2300
Denver, Colorado

(Address of principal executive offices)
 
80290-2300
(Zip Code)
EQUITY OIL COMPANY
(Exact name of obligor as specified in its charter)
     
Colorado
(State or other jurisdiction of
incorporation or organization)
  87-0129795
(I.R.S. employer
identification No.)
     
1700 Broadway, Suite 2300
Denver, Colorado

(Address of principal executive offices)
 
80290-2300
(Zip Code)
7% Senior Subordinated Notes due 2014
(Title of the indenture securities)

2


 

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, Washington, D.C.
Board of Governors of the Federal Reserve System, Washington, D.C.
 
  (b)   Whether it is authorized to exercise corporate trust powers.
 
      Yes.
Item 2. Affiliations with Obligor.
     If the Obligor is an affiliate of the trustee, describe each such affiliation.
     None.
No responses are included for Items 3-15 of this Form T-1 because the Obligor is not in default as provided under Item 13.
Item 16. List of Exhibits.
     List below all exhibits filed as part of this statement of eligibility.
     
Exhibit 1.
  Articles of Association of the Trustee as Now in Effect (see Exhibit 1 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference).
 
   
Exhibit 2.
  Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-41329, which is incorporated by reference).
 
   
Exhibit 3.
  Authorization of the Trustee to Exercise Corporate Trust Powers (contained in Exhibit 2).
 
   
Exhibit 4.
  Existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference).
 
   
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

3


 

SIGNATURE
     Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, J. P. Morgan Trust Company, National Association, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Denver, and State of Colorado, on the 15th day of November, 2005.
         
  J. P. Morgan Trust Company, National Association
 
 
  By /s/ Debra M. Rayman    
  Debra M. Rayman   
  Vice President   

4


 

         
EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED   BY
SECTION 321(b) OF THE ACT
November 15, 2005
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
In connection with the qualification of an indenture between Whiting Petroleum Corporation and J.P. Morgan Trust Company, National Association, as trustee, the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that the reports of examinations of the undersigned, made by Federal or State authorities authorized to make such examinations, may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
         
  Very truly yours,


J.P. Morgan Trust Company, National
Association

 
 
  By /s/ Debra M. Rayman    
  Debra M. Rayman   
  Vice President   

 


 

         
     
Exhibit 7.
  Report of Condition of the Trustee.
     
Consolidated Report of Condition of
  J.P. Morgan Trust Company, National Association
 
   
 
  (Legal Title)
     
as of close of business on
  June 30, 2005
 
   
J. P. Morgan Trust Company, National Association
Statement of Condition

30-Jun-05
         
    ($000)  
Assets
       
Cash and Due From Banks
    26,954  
Securities
    191,553  
Loans and Leases
    110,708  
Premises and Fixed Assets
    7,790  
Intangible Assets
    363,423  
Goodwill
    202,094  
Other Assets
    45,476  
 
     
Total Assets
    947,998  
 
     
Liabilities
       
Deposits
    101,305  
Other Liabilities
    39,598  
 
     
Total Liabilities
    140,903  
Equity Capital
       
Common Stock
    600  
Surplus
    701,587  
Retained Earnings
    104,908  
 
     
Total Equity Capital
    807,095  
 
     
Total Liabilities and Equity Capital
    947,998