EX-25 8 d66230exv25.htm EX-25 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 MELLON TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
     

(State of incorporation
if not a U.S. national bank)		   95-3571558
(I.R.S. employer
identification no.)
     
700 South Flower Street
Suite 500
Los Angeles, California
(Address of principal executive offices)		  

90017
(Zip code)
The Bank of New York Trust Company, N.A.
700 South Flower Street, Suite 500
Los Angeles, California 90017
Attn: The Bank of New York Trust Company, N.A.
213-630-6205
(Name, address and telephone number of agent for service)
 
Denbury Resources Inc
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)		   20-0467835
(I.R.S. employer
identification no.)
     
5100 Tennyson Parkway,
Suite 1200, Plano, Texas
(Address of principal executive offices)		    
75024
(Zip Code)
 
 

 

 

Denbury Onshore, LLC
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)		   20-0467798
(I.R.S. employer
identification no.)
 
    
5100 Tennyson Parkway,
Suite 1200, Plano, Texas
(Address of principal executive offices)		  
75024
(Zip Code)
Denbury Gathering & Marketing, Inc.
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)		   75-3056150
(I.R.S. employer
identification no.)
 
    
5100 Tennyson Parkway,
Suite 1200, Plano, Texas
(Address of principal executive offices)		  
75024
(Zip Code)
Denbury Operating Company
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)		   20-0467368
(I.R.S. employer
identification no.)
 
    
5100 Tennyson Parkway,
Suite 1200, Plano, Texas
(Address of principal executive offices)		  
75024
(Zip Code)

-2-

 

Denbury Green Pipeline — Texas, LLC
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)		   26-2072301
(I.R.S. employer
identification no.)
 
    
5100 Tennyson Parkway,
Suite 1200, Plano, Texas
(Address of principal executive offices)		  
75024
(Zip Code)
Denbury Marine, L.L.C.
(Exact name of obligor as specified in its charter)
     
Louisiana
(State or other jurisdiction of
incorporation or organization)		   72-1311038
(I.R.S. employer
identification no.)
 
    
5100 Tennyson Parkway,
Suite 1200, Plano, Texas
(Address of principal executive offices)		  
75024
(Zip Code)
Tuscaloosa Royalty Fund LLC
(Exact name of obligor as specified in its charter)
     
Mississippi
(State or other jurisdiction of
incorporation or organization)		   73-1668201
(I.R.S. employer
identification no.)
 
    
5100 Tennyson Parkway,
Suite 1200, Plano, Texas
(Address of principal executive offices)		  
75024
(Zip Code)
Senior Subordinated Notes
(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.

-3-

 

     
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 Mellon 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).
 
  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.

-4-

 

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 Houston, and State of Texas, on the 10th day of February, 2009.
         
  THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.


  
  By:   /s/ Julie Hoffman-Ramos    
    Name:   Julie Hoffman-Ramos   
    Title:   Assistant Treasurer   

-5-

 

         
EXHIBIT 6     
CONSENT OF THE TRUSTEE
Pursuant to the requirements of Section 321 (b) of the Trust Indenture Act of 1939, and in connection with the proposed issue of Denbury Resources Inc., The Bank of New York Mellon Trust Company, N.A. hereby consents that reports of examinations by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefor.
         
  THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.


  
  By:   /s/ Julie Hoffman-Ramos   
    Julie Hoffman-Ramos   
    Assistant Treasurer   
 
Houston, Texas
February 10, 2009

-6-

 

REPORT OF CONDITION
Consolidating domestic subsidiaries of
    The Bank of New York Mellon Trust Company NA
in the state of CA at close of business on September 30, 2008
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
             8,169  
Interest-bearing balances
             0  
Securities:
                
Held-to-maturity securities
             26  
Available-for-sale securities
             399,634  
Federal funds sold and securities purchased under agreements to resell:
                
Federal funds sold
             3,800  
Securities purchased under agreements to resell
             60,000  
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)
             11,218  
Other real estate owned
             0  
Investments in unconsolidated subsidiaries and associated companies
             0  
Intangible assets:
                
Goodwill
                
Other intangible assets
             279,623  
Other assets
             150,704  
     
Total assets
             1,789,327  
     

 

 

REPORT OF CONDITION (Continued)
LIABILITIES
                 
    Dollar Amount in Thousands  
Deposits:
                
In domestic offices
             1,047  
Non interest-bearing
     1,047          
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)
             268,691  
Subordinated notes and debentures
             0  
Other liabilities
             141,035  
Total liabilities
             410,773  
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
             253,204  
Accumulated other comprehensive income
             2,830  
Other equity capital components
             0  
Total equity capital
             1,378,554  
Total liabilities, minority interest, and equity capital
             1,789,327  
     
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.   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.
         
Director #1
   Michael K. Klugman, President   (SIGNATURES)
 
      
Director #2
   Frank Sulzberger, Managing Director  
 
      
Director #3
   William D. Lindelof, Vice President