EX-25.1 8 h27747exv25w1.htm STATEMENT OF ELIGIBILITY ON FORM T-1 exv25w1
 

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) o
 
THE BANK OF NEW YORK TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
     
 
  95-3571558
(Jurisdiction of incorporation or organization
  (I.R.S. employer
if not a U.S. national bank)
  identification no.)
 
    
700 South Flower Street
    
Suite 500
    
Los Angeles, California
  90017
(Address of principal executive offices)
  (Zip code)
The Bank of New York Trust Company, N.A.
600 North Pearl Street – Suite 420
Dallas, Texas 75201
866-691-3390
(Name, Address and Telephone Number of Agent for Service)
 
PETROQUEST ENERGY, INC.
(Exact name of obligor as specified in its charter)
     
Delaware
  72-1440714
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
 
    
400 E. Kaliste Saloom Road – Suite 6000
    
Lafayette, Louisiana
  70508
(Address of principal executive offices)
  (Zip code)
PETROQUEST ENERGY, L.L.C.
(Exact name of obligor as specified in its charter)
         
Louisiana
    72-1292439  
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
 
        
400 E. Kaliste Saloom Road – Suite 6000
        
Lafayette, Louisiana
    70508  
(Address of principal executive offices)
  (Zip code)
 
10 3/8% Senior Notes due 2012
(Title of the Indenture Securities)
 
 

 

 

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.

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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 on January 11, 2005).
 
  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 on January 11, 2005).
 
  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 on January 11, 2005).
 
  4.   A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948 on January 11, 2005).
 
  6.   The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-121948 on January 11, 2005).
 
  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. (Exhibit 7 filed herewith).

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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 2nd day of August, 2005.
         
 
  THE BANK OF NEW YORK TRUST
COMPANY, N.A.
 
        
 
  By:   -s- Patrick T Giordano
 
  Name:   Patrick T Giordano
 
  Title:   Vice President

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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, 2nd Floor, Los Angeles, CA 90017
     At the close of business March 31, 2005, 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
     9,100  
Interest-bearing balances
     0  
Securities:
        
Held-to-maturity securities
     75  
Available-for-sale securities
     57,298  
Federal funds sold and securities purchased under agreements to resell:
        
Federal funds sold
     19,000  
Securities purchased under agreements to resell
     95,000  
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)
     3,876  
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
     240,005  
Other Intangible Assets
     17,839  
Other assets
     34,344  
Total assets
   $ 476,537  

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    Dollar Amounts  
    in Thousands  
LIABILITIES
        
Deposits:
        
 
        
In domestic offices
     7,502  
Noninterest – bearing
     7,502  
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
     51,452  
Total liabilities
   $ 116,954  
Minority interest in consolidated subsidiaries
     0  
 
        
EQUITY CAPITAL
        
 
        
Perpetual preferred stock and related surplus
     0  
Common stock
     1,000  
Surplus
     294,125  
Retained earnings
     64,622  
Accumulated other comprehensive income
     (164 )
 
      
Other equity capital components
     0  
Total equity capital
   $ 359,583  
 
      
Total liabilities, minority interest, and equity capital
   $ 476,537  
 
      
     I, Thomas J. Mastro, Comptroller 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.
     Thomas J. Mastro           )          Comptroller
     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.
     Richard G. Jackson           )
     Nicholas C. English           )          Directors
     Karen B. Shupenko           )

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