EX-25.1 5 a2194341zex-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, 23rd Floor
Hartford, CT 06103
(860) 241-6832
(Name, address and telephone number of agent for service)

Forest Oil Corporation
(Issuer with respect to the Securities)

New York   25-0484900
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

707 17th Street, suite 3600
Denver, CO

 


80202
(Address of Principal Executive Offices)   (Zip Code)

81/2% Senior Notes due 2014
(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, 2009 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 Exhibit 25.1 to registration statement on S-4, Registration Number 333-159463 filed on August 24, 2009.

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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 17th of November, 2009.


 

 

By:

 

/s/ KATHY L. MITCHELL

Kathy L. Mitchell
Vice President

By:

 

/s/ MARK A. FORGETTA

Mark A. Forgetta
Vice President

 

 

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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: November 17, 2009


 

 

By:

 

/s/ KATHY L. MITCHELL

Kathy L. Mitchell
Vice President

By:

 

/s/ MARK A. FORGETTA

Mark A. Forgetta
Vice President

 

 

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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2009

($000's)

 
  6/30/2009  

Assets

       
 

Cash and Balances Due From Depository Institutions

  $ 6,526,915  
 

Securities

    38,971,863  
 

Federal Funds

    3,558,381  
 

Loans & Lease Financing Receivables

    180,342,925  
 

Fixed Assets

    4,176,818  
 

Intangible Assets

    12,451,763  
 

Other Assets

    14,416,029  
       
 

Total Assets

  $ 260,444,694  

Liabilities

       
 

Deposits

  $ 174,406,310  
 

Fed Funds

    11,988,123  
 

Treasury Demand Notes

    0  
 

Trading Liabilities

    385,470  
 

Other Borrowed Money

    34,999,265  
 

Acceptances

    0  
 

Subordinated Notes and Debentures

    7,779,967  
 

Other Liabilities

    6,530,991  
       
 

Total Liabilities

  $ 236,090,126  

Equity

       
 

Minority Interest in Subsidiaries

  $ 1,647,451  
 

Common and Preferred Stock

    18,200  
 

Surplus

    12,642,020  
 

Undivided Profits

    10,046,897  
       
   

Total Equity Capital

  $ 24,354,568  

Total Liabilities and Equity Capital

 
$

260,444,694
 

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

Vice President

 

 

Date:

 

November 17, 2009

 

 

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