EX-25.1 3 ex25_1.htm EXHIBIT 25.1 ex25_1.htm
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
_____________________________

      CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)

WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
 
 
 
A National Banking Association
(Jurisdiction of incorporation or
organization if not a U.S. national
bank)
 94-1347393
(I.R.S. Employer
Identification No.)
 
       
 
101 North Phillips Avenue
Sioux Falls, South Dakota
(Address of principal executive offices)
 
57104
(Zip code)
 
       
 
 
Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)
_____________________________

FRONTIER OIL CORPORATION
 (Exact name of obligor as specified in its charter)


     
Wyoming
 
74-1895085
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. Employer
Identification No.)
 
10000 Memorial Drive, Suite 600
Houston, Texas 77024-3411
 (713) 688-9600
(Address, Including Zip Code, and Telephone Number, Including Area
Code, of Registrant’s Principal Executive Offices)

_____________________________
Senior Notes of Frontier Oil Corporation
 

 
 
 

 


 
Item 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.

 
Comptroller of the Currency
 
Treasury Department
 
Washington, D.C.

 
Federal Deposit Insurance Corporation
 
Washington, D.C.

 
Federal Reserve Bank of San Francisco
 
San Francisco, California 94120

 
(b)
Whether it is authorized to exercise corporate trust powers.

 
The trustee is authorized to exercise corporate trust powers.

Item 2.
Affiliations with Obligor.  If the obligor is an affiliate of the trustee, describe each such affiliation.

 
None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15.  Foreign Trustee.                                  Not applicable.

Item 16.  List of Exhibits.
List below all exhibits filed as a part of this Statement of Eligibility.

Exhibit 1.
A copy of the Articles of Association of the trustee now in effect.*

Exhibit 2.
A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**

Exhibit 3.
See Exhibit 2

Exhibit 4.
Copy of By-laws of the trustee as now in effect.***

Exhibit 5.
Not applicable.

Exhibit 6.
The consent of the trustee required by Section 321(b) of the Act.

Exhibit 7.
A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

Exhibit 8.
Not applicable.

Exhibit 9.
Not applicable.

 
 * 
 Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of Hornbeck Offshore Services LLC file number 333-130784-06.
 
 **
 Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.
 
 ***
 Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of Penn National Gaming Inc. file number 333-125274.
 
 
 

 
 

 



SIGNATURE


Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, Wells Fargo Bank, National Association, a national 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 21st day of August, 2008.







WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Patrick T. Giordano_
Patrick T. Giordano
Vice President



 
 

 


EXHIBIT 6




August 21, 2008



Securities and Exchange Commission
Washington, D.C.  20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request thereof.





Very truly yours,

WELLS FARGO BANK, NATIONAL ASSOCIATION


/s/ Patrick T. Giordano_
Patrick T. Giordano
Vice President






Consolidated Report of Condition of

Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business June 30, 2008, filed in accordance with 12 U.S.C. §161 for National Banks.
 

         
Dollar Amounts
 
         
In Millions
 
ASSETS
           
Cash and balances due from depository institutions:
           
Noninterest-bearing balances and currency and coin
        $ 13,596  
Interest-bearing balances
          1,300  
Securities:
             
Held-to-maturity securities
          -  
Available-for-sale securities
          79,851  
Federal funds sold and securities purchased under agreements to resell:
             
Federal funds sold in domestic offices
          16,407  
Securities purchased under agreements to resell
          1,588  
Loans and lease financing receivables:
             
Loans and leases held for sale
          15,750  
Loans and leases, net of unearned income
    312,876          
LESS: Allowance for loan and lease losses
    5,239          
Loans and leases, net of unearned income and allowance
            307,637  
Trading Assets
            7,940  
Premises and fixed assets (including capitalized leases)
            4,226  
Other real estate owned
            898  
Investments in unconsolidated subsidiaries and associated companies
            438  
Intangible assets
               
Goodwill
            10,674  
Other intangible assets
            20,560  
Other assets
            22,462  
                 
Total assets
          $ 503,327  
                 
LIABILITIES
               
Deposits:
               
In domestic offices
          $ 276,306  
Noninterest-bearing
    68,344          
Interest-bearing
    207,962          
In foreign offices, Edge and Agreement subsidiaries, and IBFs
            66,966  
Noninterest-bearing
    7          
Interest-bearing
    66,959          
Federal funds purchased and securities sold under agreements to repurchase:
               
Federal funds purchased in domestic offices
            8,834  
Securities sold under agreements to repurchase
            5,392  
                 
           
Dollar Amounts
 
           
In Millions
 
Trading liabilities
            6,205  
Other borrowed money
               
(includes mortgage indebtedness and obligations under capitalized leases)
            64,435  
Subordinated notes and debentures
            11,005  
Other liabilities
            20,086  
                 
Total liabilities
          $ 459,229  
                 
Minority interest in consolidated subsidiaries
            156  
                 
EQUITY CAPITAL
               
Perpetual preferred stock and related surplus
            -  
Common stock
            520  
Surplus (exclude all surplus related to preferred stock)
            27,686  
Retained earnings
            16,159  
Accumulated other comprehensive income
            (423 )
Other equity capital components
            -  
                 
Total equity capital
            43,942  
                 
Total liabilities, minority interest, and equity capital
          $ 503,327  

 
 

 



I, Howard I. Atkins, EVP & CFO 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.


      Howard I. Atkins
        EVP & CFO

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.


Dave Hoyt
John Stumpf                                                                Directors
Carrie Tolstedt