EX-25 8 h44875exv25.htm STATEMENT OF ELIGIBILITY ON FORM T-1 exv25
 

Exhibit 25
 
 
FORM T-1
UNITED STATES
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) o
 
THE BANK OF NEW YORK TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
     
 
  95-3571558 
(State of incorporation
  (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) 
 
         
Delaware
  DENBURY RESOURCES INC.   20-0467835
Delaware
  DENBURY ONSHORE, LLC   20-0467798
Delaware
  DENBURY GATHERING & MARKETING, INC.   75-3056150
Delaware
  DENBURY OPERATING COMPANY   20-0467368
Louisiana
  DENBURY MARINE, L.L.C.   72-1311038
Mississippi
  TUSCALOOSA ROYALTY FUND LLC   73-1668201
(Exact name of obligor as specified in its charter)
(State or other jurisdiction of   (I.R.S. employer
incorporation or organization)   identification no.)
     
5100 Tennyson Pkwy., Ste. 1200
   
Plano, Texas
  75024 
(Address of principal executive offices)
  (Zip Code) 
 
 

 


 

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.
3-15. Not applicable.
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).
 
  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 with Registration Statement No. 333-121948).
 
  4.   A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).

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  6.   The consent of the trustee required by Section 321(b) of the Act.
 
  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 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 Houston, and State of Texas, on the 27th day of March, 2007.
         
  THE BANK OF NEW YORK TRUST
COMPANY, N.A.

 
 
  By:   /s/ Mauri J. Cowen    
    Name:   Mauri J. Cowen   
    Title:   Vice President   
 

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Exhibit 7
REPORT OF CONDITION
Consolidating domestic subsidiaries of
     THE BANK OF NEW YORK TRUST COMPANY, NA
     in the state of CA at close of business on December 31, 2006
published in response to call made by (Enter additional information below)
 
 
Statement of Resources and Liabilities
                 
    Dollar Amounts in Thousands  
 
ASSETS
               
Cash and balances due from depository institutions:
               
Noninterest-bearing balances and currency and coin
            10,020  
Interest-bearing balances
            0  
Securities:
               
Held-to-maturity securities
            56  
Available-for-sale securities
            64,801  
Federal funds sold and securities purchased under agreements to resell:
               
Federal funds sold
            49,900  
Securities purchased under agreements to resell
            40,000  
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)
            5,051  
Other real estate owned
            0  
Investments in unconsolidated subsidiaries and associated companies
            0  
Intangible assets:
               
Goodwill
            889,415  
Other intangible assets
            277,086  
Other assets
            113,348  
Total assets
            1,449,677  

 


 

REPORT OF CONDITION (Continued)
LIABILITIES
                 
    Dollar Amounts in Thousands  
 
Deposits:
               
In domestic offices
            2,517  
Noninterest-bearing
    2,517          
Interest-bearing
    0          
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  
Subordinated notes and debentures
            0  
Other liabilities
            127,233  
Total liabilities
            187,750  
Minority interest in consolidated subsidiaries
            0  
 
               
EQUITY CAPITAL
               
 
               
Perpetual preferred stock and related surplus
            0  
Common stock
            1,000  
Surplus (exclude all surplus related to preferred stock)
            1,121,520  
Retained earnings
            139,524  
Accumulated other comprehensive income
            (117 )
Other equity capital components
            0  
Total equity capital
            1,261,927  
Total liabilities, minority interest, and equity capital
            1,449,677  

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.
     
Director #1
  Michael K. Klugman, President
 
   
Director #2
  Frank Sulzberger, MD
 
   
Director #3
  Michael McFadden, MD
 
   
I, Karen Bayz, Vice President
 
(Name, Title)
of the above named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.