EX-25.1 8 d566731dex251.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) [    ]

 

 

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

(Exact name of trustee as specified in its charter)

 

N/A

(State of incorporation

if not a U.S. national bank)

  

95-3571558

(I.R.S. employer

identification no.)

400 South Hope Street, Suite 500

Los Angeles, California

(Address of principal executive offices)

  

90071

(Zip code)

Legal Department

The Bank of New York Mellon Trust Company, N.A.

225 Liberty Street

New York, NY 10286

(212) 635-1270

(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

(Zip code)

 

 

6.625% Senior Notes due 2026

(Title of the indenture securities)

 

 

* ADDITIONAL OBLIGORS

 

  Name, Principal Executive Offices and Zip Code  

   State or Other
Jurisdiction of
Incorporation
   I.R.S.
Employer
Identification
Number

Whiting Oil and Gas Corporation

1700 Broadway, Suite 2300

Denver, Colorado 80290-2300

   Delaware    84-0918829

Whiting US Holding Company

1700 Broadway, Suite 2300

Denver, Colorado 80290-2300

   Delaware    47-2452900

Whiting Canadian Holding Company ULC

1700 Broadway, Suite 2300

Denver, Colorado 80290-2300

   British Columbia    N/A

Whiting Resources Corporation

1700 Broadway, Suite 2300

Denver, Colorado 80290-2300

   Colorado    57-1191218


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.

 

   

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.

 

Item 2. Affiliations with Obligor.

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

None.

Item 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 Mellon Trust Company, N.A. (Exhibit 1 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10)

 

  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 pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

 

  4.

A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

 

  5.

Not applicable.

 

  6.

The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

 

  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.

 

  8.

Not applicable.

 

  9.

Not applicable.

 

2


SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon 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 Chicago, and State of Illinois, on the 25th day of May, 2018.

 

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

By:

 

/s/ Richard Tarnas

 

Name:  Richard Tarnas

 

Title:    Vice President

 

3


EXHIBIT 7

Consolidated Report of Condition of

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

of 400 South Hope Street, Suite 500, Los Angeles, CA 90071

At the close of business March 31, 2018, 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

   $ 3,649  

Interest-bearing balances

     432,247  

Securities:

  

Held-to-maturity securities

     0  

Available-for-sale securities

     593,024  

Equity securities with readily determinable fair values not held for trading

     0  

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold

     0  

Securities purchased under agreements to resell

     0  

Loans and lease financing receivables:

  

Loans and leases held for sale

     0  

Loans and leases held for investment

     0  

LESS: Allowance for loan and lease losses

     0  

Loans and leases held for investment, net of allowance

     0  

Trading assets

     0  

Premises and fixed assets (including capitalized leases)

     10,325  

Other real estate owned

     0  

Investments in unconsolidated subsidiaries and associated companies

     0  

Direct and indirect investments in real estate ventures

     0  

Intangible assets:

  

Goodwill

     856,313  

Other intangible assets

     17,729  

Other assets

     123,432  
  

 

 

 

Total assets

   $ 2,036,719  
  

 

 

 

LIABILITIES

  

Deposits:

  

In domestic offices

   $ 731  

Noninterest-bearing

     731  

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)

     0  


Not applicable

  

Not applicable

  

Subordinated notes and debentures

     0  

Other liabilities

     226,421  
  

 

 

 

Total liabilities

   $ 227,152  
  

 

 

 

EQUITY CAPITAL

  

Not applicable

  

Perpetual preferred stock and related surplus

   $ 0  

Common stock

     1,000  

Surplus (exclude all surplus related to preferred stock)

     1,123,298  

Not available

  

Retained earnings

     687,782  

Accumulated other comprehensive income

     -2,513  

Other equity capital components

     0  

Not available

  

Total bank equity capital

     1,809,567  

Noncontrolling (minority) interests in consolidated subsidiaries

     0  

Total equity capital

     1,809,567  
  

 

 

 

Total liabilities and equity capital

   $ 2,036,719  
  

 

 

 

I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Matthew J. McNulty     )             CFO

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.

Antonio I. Portuondo, President     )

William D. Lindelof, Director        )             Directors (Trustees)

Alphonse J. Briand, Director          )