EX-25.1 9 h21443ex25-1.htm STATEMENT OF ELIGIBILITY ON FORM T-1 ex25-1
 

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

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

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)
     
 
(State of incorporation
if not a national bank) 		  13-4994650
(I.R.S. employer
identification No.)
     
1111 Polaris Parkway
Columbus, Ohio
(Address of principal executive offices) 		  43271
(Zip Code)

Thomas F. Godfrey
Vice President and Assistant General Counsel
JPMorgan Chase Bank, National Association
1 Chase Manhattan Plaza, 25th Floor
New York, NY 10081
Tel: (212) 552-2192
(Name, address and telephone number of agent for service)

Stone Energy Corporation

(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization) 		  72-1235413
(I.R.S. employer
identification No.)
     
625 E. Kaliste Saloom Road
Lafayette, Louisiana
(Address of principal executive offices) 		  70508
(Zip Code)

6¾% Senior Subordinated Notes due 2014
(Title of the indenture securities)

 

 

GENERAL

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, Washington, D.C.

Board of Governors of the Federal Reserve System, Washington, D.C., 20551

Federal Deposit Insurance Corporation, Washington, D.C., 20429.

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

Yes.

Item 2. Affiliations with the Obligor and Guarantors.

     If the obligor or any guarantor is an affiliate of the trustee, describe each such affiliation.

     None.

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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 JPMorgan Chase Bank, N.A. (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

     2. A copy of the Certificate of Authority of the Comptroller of the Currency for the trustee to commence business. (see Exhibit 2 to Form T‑1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

     3. None, the authority of the trustee to exercise corporate trust powers being contained in the documents described in Exhibits 1 and 2.

     4. A copy of the existing By-Laws of the Trustee. (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333‑106575 which is incorporated by reference).

     5. Not applicable.

     6. The consent of the Trustee required by Section 321(b) of the Act. (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

     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 attached as Exhibit 7.

     8. Not applicable.

     9. Not applicable.

SIGNATURE

     Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, N.A., 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 25th day of January, 2005.
         
  JPMORGAN CHASE BANK, N.A.
 		  
  By   /s/ Carol Logan    
    Vice President and Trust Officer    
       

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Exhibit 7 to Form T-1

Bank Call Notice

RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF

JPMorgan Chase Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,

at the close of business September 30, 2004, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.

                 
            Dollar Amounts  
            in Millions  
ASSETS
                
Cash and balances due from depository institutions:
                
Noninterest-bearing balances and currency and coin
           $ 19,187  
Interest-bearing balances
             33,195  
Securities:
                
Held to maturity securities
             121  
Available for sale securities
             53,698  
Federal funds sold and securities purchased under agreements to resell
                
Federal funds sold in domestic offices
             33,011  
Securities purchased under agreements to resell
             82,951  
Loans and lease financing receivables:
                
Loans and leases held for sale
             17,558  
Loans and leases, net of unearned income
   $ 171,323          
Less: Allowance for loan and lease losses
     2,382          
Loans and leases, net of unearned income and allowance
             168,941  
Trading Assets
             196,355  
Premises and fixed assets (including capitalized leases)
             5,578  
Other real estate owned
             101  
Investments in unconsolidated subsidiaries and associated companies
             94  
Customers’ liability to this bank on acceptances outstanding
             391  
Intangible assets
                
Goodwill
             2,554  
Other Intangible assets
             5,411  
Other assets
             42,626  
 
              
TOTAL ASSETS
           $ 661,772  
 
              

 

 

                 
            Dollar Amounts  
            in Millions  
LIABILITIES
                
Deposits
                
In domestic offices
           $ 209,624  
Noninterest-bearing
   $ 82,597          
Interest-bearing
     127,027          
In foreign offices, Edge and Agreement subsidiaries and IBF’s
             120,503  
Noninterest-bearing
   $ 7,003          
Interest-bearing
     113,500          
Federal funds purchased and securities sold under agree- ments to repurchase:
                
Federal funds purchased in domestic offices
             22,032  
Securities sold under agreements to repurchase
             96,912  
Trading liabilities
             107,450  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
             21,794  
Bank’s liability on acceptances executed and outstanding
             391  
Subordinated notes and debentures
             12,821  
Other liabilities
             31,690  
TOTAL LIABILITIES
             623,217  
Minority Interest in consolidated subsidiaries
             348  
 
EQUITY CAPITAL
                
Perpetual preferred stock and related surplus
             0  
Common stock
             1,785  
Surplus (exclude all surplus related to preferred stock)
             16,954  
Retained earnings
             20,050  
Accumulated other comprehensive income
             (582 )
Other equity capital components
             0  
TOTAL EQUITY CAPITAL
             38,207  
 
              
TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL
           $ 661,772  
 
              

I, Joseph L. Sclafani, E.V.P. & Controller 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.

JOSEPH L. SCLAFANI

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.

             
  WILLIAM B. HARRISON, JR.
JAMES DIMON
LAWRENCE A. BOSSIDY 		  )
)
) 		   
DIRECTORS