EX-25.1 5 dex251.htm FORM T-1 - SENIOR INDENTURE Form T-1 - Senior Indenture

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   94-1347393

(Jurisdiction of incorporation or organization

if not a U.S. national bank)

 

(I.R.S. Employer

Identification No.)

101 North Phillips Avenue

Sioux Falls, South Dakota

  57104
(Address of principal executive offices)   (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)

 

 

Penn Virginia Resource Partners, L.P.

Penn Virginia Resources Finance Corporation

(Exact name of obligor as specified in its charter)

 

Delaware   23-3087517
Delaware   27-0943652

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

Four Radnor Corporate Center, Suite 200

100 Matsonford Road

Radnor, Pennsylvania

  19087
(Address of principal executive offices)   (Zip code)

 

 

Senior Notes

(Title of the indenture securities)

 

 

 


TABLE OF ADDITIONAL REGISTRANT GUARANTORS

 

Exact Name of Registrant Guarantor(1)

    

State or other
Jurisdiction of
Incorporation or
Organization

    

I.R.S.
Employer
Identification
Number

Connect Energy Services, LLC

     Delaware        20-0623350  

Connect Gas Gathering, LLC

     Delaware      23-3087517

Connect Gas Pipeline LLC

     Delaware      20-5145683

Connect NGL Pipeline, LLC

     Delaware      23-3087517

Dulcet Acquisition LLC

     Delaware      30-0461025

Fieldcrest Resources LLC

     Delaware      02-0661951

K Rail LLC

     Delaware      23-3094006

Loadout LLC

     Delaware      23-3094002

Penn Virginia Operating Co., LLC

     Delaware      23-3094000

PVR Cherokee Gas Processing LLC

     Oklahoma      73-1496543

PVR East Texas Gas Processing, LLC

     Delaware      23-3087517

PVR Finco LLC

     Delaware      26-3038539

PVR Gas Pipeline, LLC

     Delaware      20-3424891

PVR Gas Processing LLC

     Oklahoma      73-1500831

PVR Gas Resources, LLC

     Delaware      20-2059469

PVR Hamlin, LLC

     Delaware      42-1597313

PVR Hydrocarbons LLC

     Oklahoma      73-1410518

PVR Laverne Gas Processing LLC

     Oklahoma      73-1520381

PVR Marcellus Gas Gathering, LLC

     Delaware      27-2142725

PVR Midstream LLC

     Delaware      20-2425250

PVR Natural Gas Gathering LLC

     Oklahoma      73-1492820

PVR North Texas Gas Gathering, LLC

     Delaware      26-2894313

PVR Oklahoma Natural Gas Gathering LLC

     Oklahoma      73-1536089

Suncrest Resources LLC

     Delaware      02-0662120

Toney Fork LLC

     Delaware      23-3087517

 

 

(1) The address for each Registrant Guarantor is Four Radnor Corporate Center, Suite 200, 100 Matsonford Road, Radnor, Pennsylvania 19087


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 16th day of April, 2010.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/S/    PATRICK T. GIORDANO

Patrick T. Giordano

Vice President


EXHIBIT 6

April 16, 2010

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 December 31, 2009, 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

   $ 19,272

Interest-bearing balances

     29,528

Securities:

  

Held-to-maturity securities

     0

Available-for-sale securities

     81,918

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold in domestic offices

     6,471

Securities purchased under agreements to resell

     1,241

Loans and lease financing receivables:

  

Loans and leases held for sale

     28,147

Loans and leases, net of unearned income

     376,557

LESS: Allowance for loan and lease losses

     11,520

Loans and leases, net of unearned income and allowance

     365,037

Trading Assets

     7,574

Premises and fixed assets (including capitalized leases)

     4,376

Other real estate owned

     1,829

Investments in unconsolidated subsidiaries and associated companies

     457

Direct and indirect investments in real estate ventures

     46

Intangible assets

  

Goodwill

     11,408

Other intangible assets

     17,220

Other assets

     34,254
      

Total assets

   $ 608,778
      

LIABILITIES

  

Deposits:

  

In domestic offices

   $ 414,131

Noninterest-bearing

     91,246

Interest-bearing

     322,885

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     57,745

Noninterest-bearing

     1,313

Interest-bearing

     56,432

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased in domestic offices

     6,921

Securities sold under agreements to repurchase

     6,908

Trading liabilities

     8,092

Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)

     20,733

Subordinated notes and debentures

     11,006

Other liabilities

     26,649
      

Total liabilities

   $ 552,185


     Dollar Amounts
In Millions

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0

Common stock

     520

Surplus (exclude all surplus related to preferred stock)

     38,209

Retained earnings

     17,234

Accumulated other comprehensive income

     452

Other equity capital components

     0
      

Total bank equity capital

     56,415

Noncontrolling (minority) interests in consolidated subsidiaries

     178
      

Total equity capital

     56,593
      

Total liabilities, and equity capital

   $ 608,778
      

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.

 

John Stumpf

   Directors

Carrie Tolstedt

  

Michael Loughlin