EX-25.1 8 a2179701zex-25_1.htm EX 25.1
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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)


U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

800 Nicollet Mall
Minneapolis, Minnesota
  55402
(Address of principal executive offices)   (Zip Code)

Kathy L. Mitchell
U.S. Bank National Association
225 Asylum Street
Hartford, CT 06103
(860) 241-6832
(Name, address and telephone number of agent for service)

Forest Oil Corporation
(Exact name of obligor as specified in its charter)

New York
(State or other jurisdiction of incorporation or organization)

25-0484900
(I.R.S. employer identification no.)

707 17th Street, Suite 3600
Denver, CO
  80202
(Address of principal executive offices)   (Postal Code)

7.25% Senior Notes due 2019
(Title of the indenture securities)




FORM T-1

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.

    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

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

    1.
    A copy of the Articles of Association of the Trustee.*

    2.
    A copy of the certificate of authority of the Trustee to commence business.*

    3.
    A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

    4.
    A copy of the existing bylaws of the Trustee. **

    5.
    A copy of each Indenture referred to in Item 4. Not applicable.

    6.
    The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

    7.
    Report of Condition of the Trustee as of June 30, 2007 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7

*
Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

**
Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-145601 filed on August 21, 2007

2


SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Hartford, State of Connecticut on the 23rd of October, 2007.


 

 

 

 

By:

 

/s/  
KATHY L. MITCHELL      
Kathy L. Mitchell
Vice President

By:

 

/s/  
MARK A. FORGETTA      
Mark A. Forgetta
Vice President

 

 

 

 

3


Exhibit 6

CONSENT

        In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: October 23, 2007


 

 

 

 

By:

 

/s/  
KATHY L. MITCHELL      
Kathy L. Mitchell
Vice President

By:

 

/s/  
MARK A. FORGETTA      
Mark A. Forgetta
Vice President

 

 

 

 

4


Exhibit 7

U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2007
($000's)

 
  6/30/2007
Assets      
  Cash and Due From Depository Institutions   $ 6,570,622
  Securities     38,972,163
  Federal Funds     3,771,433
  Loans & Lease Financing Receivables     144,255,624
  Fixed Assets     2,389,792
  Intangible Assets     12,181,700
  Other Assets     12,884,541
   
  Total Assets   $ 221,025,875

Liabilities

 

 

 
  Deposits   $ 133,727,871
  Fed Funds     11,750,444
  Treasury Demand Notes     0
  Trading Liabilities     241,301
  Other Borrowed Money     38,213,977
  Acceptances     0
  Subordinated Notes and Debentures     7,697,466
  Other Liabilities     7,434,860
   
  Total Liabilities   $ 199,065,919

Equity

 

 

 
  Minority Interest in Subsidiaries   $ 1,537,943
  Common and Preferred Stock     18,200
  Surplus     12,057,531
  Undivided Profits     8,346,282
   
    Total Equity Capital   $ 21,959,956

Total Liabilities and Equity Capital

 

$

221,025,875

To the best of the undersigned's determination, as of the date hereof, the above financial information is true and correct.


U.S. Bank National Association

 

 

By:

 

/s/  
KATHY L. MITCHELL      
Kathy L. Mitchell
Vice President

 

 

Date: October 23, 2007

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