EX-25 10 ex25.htm

EXHIBIT 25.1

FORM T-1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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
(Exact name of trustee as specified in its charter)

New York
(State of incorporation
if not a U.S. national bank)

  

13-5160382
(I.R.S. employer
identification no.)

     

One Wall Street, New York, N.Y.
(Address of principal executive offices)

  

10286
(Zip code)
     
 

____________

  
     

Superior Energy Services, Inc.
(Exact name of obligor as specified in its charter)
     

Delaware
(State or other jurisdiction of
incorporation or organization)

  

75-2379388
(I.R.S. employer
identification no.)
     

SESI, L.L.C.
(Exact name of obligor as specified in its charter)
     

Delaware
(State or other jurisdiction of
incorporation or organization)

  

76-0664124
(I.R.S. employer
identification no.)
     

1105 Peters Road, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664198
(I.R.S. employer
identification no.)
     

Ace Rental Tools, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664126
(I.R.S. employer
identification no.)
     

Blowout Tools, Inc.
(Exact name of obligor as specified in its charter)
     

Texas
(State or other jurisdiction of
incorporation or organization)

  

76-0111962
(I.R.S. employer
identification no.)
     

Nautilus Pipe & Tool Rental, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664127
(I.R.S. employer
identification no.)
     

Connection Technology, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664128
(I.R.S. employer
identification no.)
     

Drilling Logistics, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664199
(I.R.S. employer
identification no.)
     

Environmental Treatment Investments, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664200
(I.R.S. employer
identification no.)
     

F. &. F. Wireline Service, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664129
(I.R.S. employer
identification no.)
     

Fastorq, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664133
(I.R.S. employer
identification no.)
     

H.B. Rentals, L.C.

(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

72-1307291
(I.R.S. employer
identification no.)
     

Hydro-Dynamics Oilfield Contractors, Inc.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

72-1301473
(I.R.S. employer
identification no.)
     

International Snubbing Services, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664134
(I.R.S. employer
identification no.)
     

Non-Magnetic Rental Tools, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664213
(I.R.S. employer
identification no.)
     

Oil Stop, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664136
(I.R.S. employer
identification no.)
     

Production Management Industries, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664137
(I.R.S. employer
identification no.)
     

Stabil Drill Specialties, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664138
(I.R.S. employer
identification no.)
     

Sub-Surface Tools, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664195
(I.R.S. employer
identification no.)
     

Superior Energy Services, L.L.C.
(Exact name of obligor as specified in its charter)
     

Delaware
(State or other jurisdiction of
incorporation or organization)

  

76-0664196
(I.R.S. employer
identification no.)
     

SELIM LLC
(Exact name of obligor as specified in its charter)
     

Delaware
(State or other jurisdiction of
incorporation or organization)

  

72-1491884
(I.R.S. employer
identification no.)
     

SEGEN LLC
(Exact name of obligor as specified in its charter)
     

Delaware
(State or other jurisdiction of
incorporation or organization)

  

72-1491885
(I.R.S. employer
identification no.)
     

SE Finance LP
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0668090
(I.R.S. employer
identification no.)
     

Tong Rentals and Supply Company, L.L.C.
(Exact name of obligor as specified in its charter)
     

Louisiana
(State or other jurisdiction of
incorporation or organization)

  

76-0664214
(I.R.S. employer
identification no.)
     

Wild Well Control, Inc.
(Exact name of obligor as specified in its charter)
     

Texas
(State or other jurisdiction of
incorporation or organization)

  

74-1873477
(I.R.S. employer
identification no.)
     

1105 Peters Road
Harvey, Louisiana
(Address of principal executive offices)

  

70058
(Zip code)
     
 

____________

  
     

Senior Notes due 2011
(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

Superintendent of Banks of the State of New York

2 Rector Street, New York, 
N.Y. 10006, and Albany, N.Y. 12203

   

Federal Reserve Bank of New York

33 Liberty Plaza, New York,
N.Y. 10045
   

Federal Deposit Insurance Corporation

Washington, D.C. 20429

   

New York Clearing House Association

New York, New York 10005

            (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.

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 Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.)

4.         A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.)

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. 33-44051.)

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.

SIGNATURE

            Pursuant to the requirements of the Act, the Trustee, The Bank of New York, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 11th day of July, 2001.
 

THE BANK OF NEW YORK
   
 

By: /s/ MING SHIANG          
Name: MING SHIANG
Title: VICE PRESIDENT

 

Exhibit 7

Consolidated Report of Condition of

THE BANK OF NEW YORK

of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business March 31, 2001, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

ASSETS

Dollar Amounts
In Thousands
Cash and balances due from depository
   institutions:
   Noninterest-bearing balances and currency
      and coin

$2,811,275
   Interest-bearing balances

3,133,222
Securities:
   Held-to-maturity securities

147,185
   Available-for-sale securities

5,403,923
Federal funds sold and Securities purchased
   under agreements to resell

3,378,526
Loans and lease financing receivables:
   Loans and leases held for sale

74,702
   Loans and leases, net of unearned
      income

37,471,621
   LESS: Allowance for loan and
      lease losses

599,061
   Loans and leases, net of unearned
      income and allowance

36,872,560
Trading Assets

11,757,036
Premises and fixed assets (including
   capitalized leases)

768,795
Other real estate owned

1,078
Investments in unconsolidated subsidiaries
   and associated companies

193,126
Customers' liability to this bank on
   acceptances outstanding

592,118
Intangible assets
   Goodwill

1,300,295
   Other intangible assets

122,143
Other assets

3,676,375
Total assets

$70,232,359
LIABILITIES
Deposits:
   In domestic offices

$25,962,242
   Noninterest-bearing

10,586,346
   Interest-bearing

15,395,896
   In foreign offices, Edge and Agreement
      subsidiaries, and IBFs

24,862,377
   Noninterest-bearing

373,085
   Interest-bearing

24,489,292
Federal funds purchased and securities sold
   under agreements to repurchase

1,446,874
Trading liabilities

2,373,361
Other borrowed money:
   (includes mortgage indebtedness and
   obligations under capitalized leases)

1,381,512
Bank's liability on acceptances executed and
   outstanding

592,804
Subordinated notes and debentures

1,646,000
Other liabilities

5,373,065
Total liabilities

$63,658,235
EQUITY CAPITAL
Common stock

1,135,284
Surplus

1,008,773
Retained earnings

4,426,033
Accumulated other comprehensive income

4,034
Other equity capital components

0
Total equity capital

6,574,124
Total liabilities and equity capital

$70,232,359

            I, Thomas J. Mastro, Senior Vice President and 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 Board of Governors of the Federal Reserve System and is true to the best of my knowledge and belief.

Thomas J. Mastro,
Senior Vice President and 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 Board of Governors of the Federal Reserve System and is true and correct.

Thomas A. Renyi
Gerald L. Hassell

Alan R. Griffith

Directors