EX-25.1 7 d834176dex251.htm EX-25.1 EX-25.1

Exhibit 25.1

 

 

 

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

 

 

UMB BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

 

44-0201230

(IRS Employer

Identification No.)

 

1010 Grand Blvd., Kansas City, Missouri   64106
(Address of principal executive offices)   (Zip Code)

 

 

DEVON ENERGY CORPORATION

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   73-1567067

(State or other jurisdiction of

incorporation or organization)

 

(IRS employer

identification No.)

 

333 W. Sheridan Ave.

Oklahoma City, Oklahoma

  73102-5015
(Address of principal executive offices)   (Zip Code)

 

 

Senior Debt Securities

(Title of the indenture securities)

 

 

 


Item 1.

  

General Information

  

(a)

  

Name and address of each examining or supervising authority to which the Trustee is subject is as follows:

  

The Comptroller of the Currency

Mid-Western District

2345 Grand Avenue, Suite 700

Kansas City, Missouri 64108

  

Federal Reserve Bank of Kansas City

Federal Reserve PO Station

Kansas City, Missouri 64198

  

Supervising Examiner

Federal Deposit Insurance Corporation

720 Olive Street, Suite 2909

St. Louis, Missouri 63101

  

(b)

  

The Trustee is authorized to exercise corporate trust powers.

Item 2.

  

Affiliations with obligor.

  

The Obligor is not affiliated with the Trustee.

Item 3.

  

Voting securities of the Trustee.

  

NOT APPLICABLE

Item 4.

  

Trusteeships under other indentures.

  

NOT APPLICABLE

Item 5.

  

Interlocking directorates and similar relationships with the obligor or underwriters

  

NOT APPLICABLE

Item 6.

  

Voting securities of the trustee owned by the obligor or its officials.

  

NOT APPLICABLE

Item 7.

  

Voting securities of the trustee owned by underwriters or their officials.

  

NOT APPLICABLE


Item 8.

  

Securities of the obligor owned or held by the trustee.

  

NOT APPLICABLE

Item 9.

  

Securities of the underwriters owned or held by the trustee.

  

NOT APPLICABLE

Item 10.

  

Ownership or holdings by the trustee of voting securities of certain affiliates or security holders of the obligor.

  

NOT APPLICABLE

Item 11.

  

Ownership or holdings by the trustee of any securities of a person owning 50 percent or more of the voting securities of the obligor.

  

NOT APPLICABLE

Item 12.

  

Indebtedness of the Obligor to the Trustee.

  

As of 12/05/2014,

 

Nature of Indebtedness

   Amount Outstanding     Date Due
Trustee is one of the lenders under Obligor’s syndicated, unsecured revolving line of credit facility      - 0 - (30 million available   10/24/2017

 

Item 13.

  

Defaults of the Obligor.

  

NOT APPLICABLE

Item 14.

  

Affiliations with the Underwriters.

  

NOT APPLICABLE

Item 15.

  

Foreign Trustee.

  

NOT APPLICABLE


Item 16.

  

Lists of Exhibits

  

Listed below are all exhibits as a part of this Statement of eligibility and qualification.

1.   

Articles of Association of the Trustee, as now in effect (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-74008).

2.   

Certificate of Authority from the Comptroller of Currency evidencing a change of the corporate title of the Association. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-74008).

3.   

Certificate from the Comptroller of the Currency evidencing authority to exercise corporate trust powers and a letter evidencing a change of the corporate title of the Association. (Exhibit 3 to Form T-1 filed with the Registration Statement No. 333-74008).

4.   

Bylaws, as amended of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-74008).

5.   

N/A

6.   

Consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Registration Statement No. 333-74008).

7.   

Report of Condition of the Trustee as of March 31, 2011. See attached Exhibit 1 to this Form T-1.

             SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, UMB Bank, National Association, a national bank 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 Kansas City, and State of Missouri, on the 10th day of December, 2014.

 

UMB BANK, NATIONAL ASSOCIATION

BY:

 

/s/ Douglas Hare

 

Douglas Hare, Senior Vice President

DATE: December 10, 2014


September 2014 FFIEC 041

  

UMB Bank N.A. - ID RSSD# 0000936855

   Printed: 10/29/2014 - 11:12 am

 

Schedule RC   

15

Consolidated Report of Condition for Insured Banks and Savings Associations for September 30, 2014

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC—Balance Sheet

 

    Dollar Amounts in Thousands         Bil   Mil   Thou    

Assets

             

1. Cash and balances due from depository institutions (from Schedule RC-A):

             

a. Noninterest-bearing balances and currency and coin (1)

      RCON0081   391,172   1.a.

b. Interest-bearing balances (2)

      RCON0071   986,232   1.b.

2. Securities:

             

a. Held-to-maturity securities (from Schedule RC-B, column A)

      RCON1754   237,961   2.a.

b. Available-for-sale securities (from Schedule RC-B, column D)

      RCON1773   6,759,803   2.b.

3. Federal funds sold and securities purchased under agreements to resell:

             

a. Federal funds sold

      RCONB987   12,695   3.a.

b. Securities purchased under agreements to resell (3)

      RCONB989   52,560   3.b.

4. Loans and lease financing receivables (from Schedule RC-C):

             

a. Loans and leases held for sale

      RCON5369   1,718   4.a.

b. Loans and leases, net of unearned income

  RCONB528     7,102,898              4.b.

c. LESS: Allowance for loan and lease losses

  RCON3123     77,316              4.c.

d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)

      RCONB529   7,025,582   4.d.

5. Trading assets (from Schedule RC-D)

      RCON3545   13,650   5.

6. Premises and fixed assets (including capitalized leases)

      RCON2145   209,703   6.

7. Other real estate owned (from Schedule RC-M)

      RCON2150   1,369   7.

8. Investments in unconsolidated subsidiaries and associated companies

      RCON2130   0   8.

9. Direct and indirect investments in real estate ventures

      RCON3656   0   9.

10. Intangible assets:

             

a. Goodwill

      RCON3163   90,011   10.a.

b. Other intangible assets (from Schedule RC-M)

      RCON0426   9,487   10.b.

11. Other assets (from Schedule RC-F)

      RCON2160   203,476   11.

12. Total assets (sum of items 1 through 11)

      RCON2170   15,995,419   12.

 

(1)

Includes cash items in process of collection and unposted debits.

(2)

Includes time certificates of deposit not held for trading.

(3)

Includes all securities resale agreements, regardless of maturity.


September 2014 FFIEC 041

  

UMB Bank N.A. - ID RSSD# 0000936855

   Printed: 10/29/2014 - 11:12 am

 

Schedule RC   

16

Schedule RC—Continued

 

    Dollar Amounts in Thousands         Bil   Mil   Thou    

Liabilities

             

13. Deposits:

             

a. In domestic offices (sum of totals of columns A and C from Schedule RC-E)

      RCON2200   12,910,176   13.a.

(1) Noninterest-bearing (1)

  RCON6631     5,624,534              13.a.(1)

(2) Interest-bearing

  RCON6636     7,285,642              13.a.(2)

b. Not applicable

             

14. Federal funds purchased and securities sold under agreements to repurchase:

             

a. Federal funds purchased (2)

      RCONB993   30,893   14.a.

b. Securities sold under agreements to repurchase (3)

      RCONB995   1,681,261   14.b.

15. Trading liabilities (from Schedule RC-D)

      RCON3548   0   15.

16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)

      RCON3190   7,067   16.

17. Not applicable

             

18. Not applicable

             

19. Subordinated notes and debentures (4)

      RCON3200   0   19.

20. Other liabilities (from Schedule RC-G)

      RCON2930   99,942   20.

21. Total liabilities (sum of items 13 through 20)

      RCON2948   14,729,339   21.

22. Not applicable

          22.

Equity Capital

             

Bank Equity Capital

             

23. Perpetual preferred stock and related surplus

      RCON3838   0   23.

24. Common stock

      RCON3230   21,250   24.

25. Surplus (exclude all surplus related to preferred stock)

      RCON3839   518,371   25.

26.

             

a. Retained earnings

      RCON3632   724,632   26.a.

b. Accumulated other comprehensive income (5)

      RCONB530   1,827   26.b.

c. Other equity capital components (6)

      RCONA130   0   26.c.

27.

             

a. Total bank equity capital (sum of items 23 through 26.c)

      RCON3210   1,266,080   27.a.

b. Noncontrolling (minority) interests in consolidated subsidiaries

      RCON3000   0   27.b.

28. Total equity capital (sum of items 27.a and 27.b)

      RCONG105   1,266,080   28.

29. Total liabilities and equity capital (sum of items 21 and 28)

      RCON3300   15,995,419   29.

 

(1)

Includes noninterest-bearing demand, time, and savings deposits.

(2)

Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”

(3)

Includes all securities repurchase agreements, regardless of maturity.

(4)

Includes limited-life preferred stock and related surplus.

(5)

Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and accumulated defined benefit pension and other postretirement plan adjustments.

(6)

Includes treasury stock and unearned Employee Stock Ownership Plan shares.


September 2014 FFIEC 041

  

UMB Bank N.A. - ID RSSD# 0000936855

   Printed: 10/29/2014 - 11:12 am

 

Schedule RC   

17

Schedule RC—Continued

 

Memoranda

To be reported with the March Report of Condition.

 

          Number       

1. Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2013

   RCON6724      N/A       M.1.

 

1 =   Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank
2 =   Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)
3 =   Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm
4 =   Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)
5 =   Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)
6 =   Review of the bank’s financial statements by external auditors
7 =   Compilation of the bank’s financial statements by external auditors
8 =   Other audit procedures (excluding tax preparation work)
9 =   No external audit work
 

 

          MM/DD       

To be reported with the March Report of Condition.

        

2. Bank’s fiscal year-end date

   RCON8678      N/A       M.2.