EX-25.1 7 tm2230948d2_ex25-1.htm EXHIBIT 25.1

 

Exhibit 25.1

 

 

UNITED STATES

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

 

x CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A

TRUSTEE PURSUANT TO SECTION 305(b)(2)

 

 

 

Computershare Trust Company, National Association

(Exact name of trustee as specified in its charter)

 

National Banking Association
(Jurisdiction of incorporation of organization
if not a U.S. national bank)
04-3401714
(I.R.S. Employer
Identification Number)
150 Royall Street, Canton, MA
(Address of principal executive offices)
02021
(Zip Code)

 

 

 

DIAMONDBACK ENERGY, INC.

(Exact name of obligor as specified in its charter)

 

Delaware   45-4502447
(State or Other Jurisdiction of Incorporation or Organization)   (I.R.S. Employer Identification Number)

 

500 West Texas, Suite 100

Midland, Texas

(432) 221-7400

 

 

 

79701

(Address Registrant’s Principal Executive Offices)   (Zip Code)

 

 

 

Debt Securities

Guarantees of Debt Securities

(Title of the indenture securities)

Co-Registrant (1)

 

Exact name of co-registrant
as specified in its charter(1)
State or other jurisdiction of incorporation or organization I.R.S. Employer Identification Number
Diamondback E&P LLC Delaware 36-4728559
(1)The address of the Co-Registrant is c/o Diamondback Energy, Inc., 500 West Texas, Suite 100, Midland, Texas 79701 and the telephone number for the Co-Registrant is (432) 221-7400

 

 

 

 

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

340 Madison Avenue, 4th Floor

New York, NY 10017-2613

 

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

 

The trustee is authorized to exercise corporate trust powers.

 

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

 

None.

 

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.

 

1.       A copy of the articles of association of the trustee. (See Exhibit 1 to Form T-1 filed with Registration Statement No. 333-200089).

 

2.        A copy of the certificate of authority of the trustee to commence business. (See Exhibit 2 to Form T-1 filed with Registration Statement No. 333-200089).

 

3.        A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Computershare Trust Company, National Association (See Exhibit 3 to Form T-1 filed with Registration Statement No. 333-261843).

 

4.       A copy of the existing bylaws of the trustee, as now in effect. (See Exhibit 4 to Form T-1 filed with Registration Statement No. 333-200089).

 

6.       The consent of the Trustee required by Section 321(b) of the Act. (See Exhibit 6 to Form T-1 filed with Registration Statement No. 333-261843).

 

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.

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, Computershare Trust Company, National Association, a national banking association, organized and existing under the laws of the United States, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Minneapolis, and State of Minnesota, on the 21st day of November, 2022.

 

  COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION
   
  By:   /s/ Niki Austin              
  Name: Niki Austin
  Title:  Assistant Vice President

 

 

 

EXHIBIT 7

 

Consolidated Report of Condition of

 

Computershare TRUST COMPANY, NATIONAL ASSOCIATION

 

150 Royall Street, Canton, MA 02021

at the close of business June 30, 2022.

 

  Dollar Amounts In Thousands 
ASSETS     
Cash and balances due from depository institutions:     
Noninterest-bearing balances and currency and coin    -0- 
Interest-bearing balances    -0- 
Securities:     
Held-to-maturity securities    -0- 
Available-for-sale securities    288,298 
Federal funds sold and securities purchased under agreements to resell:     
   Federal funds sold in domestic offices    -0- 
Securities purchased under agreements to resell   -0- 
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)    23,841 
Other real estate owned    -0- 
Investments in unconsolidated subsidiaries and associated companies    -0- 
Direct and indirect investments in real estate ventures   -0- 
Intangible assets:     
   Goodwill    134,625 
   Other intangible assets    562,813 
Other assets    102,054 
Total assets    1,111,631 

 

 

 

LIABILITIES     
Deposits:     
In domestic offices    -0- 
Noninterest-bearing    -0- 
Interest-bearing    -0- 
Federal funds purchased and securities sold under agreements to repurchase:     
Federal funds purchased in domestic offices   -0- 
Securities sold under agreements to repurchase    -0- 
Trading liabilities    -0- 
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)
   -0- 
Not applicable     
Not applicable     
Subordinated notes and debentures    -0- 
Other liabilities    180,273 
Total liabilities    180,273 
      
EQUITY CAPITAL     
Perpetual preferred stock and related surplus   0 
Common stock    500 
Surplus (exclude all surplus related to preferred stock)    827,224 
Retained earnings    103,633 
Accumulated other comprehensive income   -0- 
Other equity capital components   -0- 
Total bank equity capital    931,358 
Noncontrolling (minority) interests in consolidated subsidiaries   -0- 
Total equity capital    931,358 
Total liabilities and equity capital    1,111,631 

 

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I, Robert G. Marshall, Assistant Controller 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.

 

 
   
  Robert G. Marshall
  Assistant Controller

 

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