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)

 

 

GULFPORT ENERGY CORPORATION

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   73-1521290

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

3001 Quail Springs Parkway

Oklahoma City, Oklahoma

   73134
(Address of principal executive offices)   (Zip code)

 

 

6.375% Senior Notes due 2026

(Title of the indenture securities)

 

 

 

GUARANTORS

 

Exact Name of Registrant

Guarantor(1)

    State or Other Jurisdiction of
Incorporation or Formation		    I.R.S. Employer Identification
Number

Jaguar Resources LLC

    Delaware    20-8812352

Puma Resources, Inc.

    Delaware    30-0556507

Gator Marine, Inc.

    Delaware    61-1601710

Gator Marine Ivanhoe, Inc.

    Delaware    30-0644897

Westhawk Minerals LLC

    Delaware    45-4928998

Gulfport Appalachia, LLC (formerly known as Gulfport Buckeye LLC)

    Delaware    46-0964880

Gulfport Midstream Holdings, LLC

    Delaware    81-4393431

Gulfport MidCon, LLC

    Delaware    81-5049258

 

(1) The address for each Guarantor is 3001 Quail Springs Parkway, Oklahoma City, Oklahoma 73134 and the telephone number for each Guarantor is (405) 252-4600.

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 June 27, 2012.**
Exhibit 3.    A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated December 21, 2011. **
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 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 S-3 dated January 23, 2013 of file number 333-186155.
*** 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 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 17th day of January, 2018.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION
LOGO
John C. Stohlmann
Vice President

EXHIBIT 6

January 17, 2018

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 therefor.

 

Very truly yours,
WELLS FARGO BANK, NATIONAL ASSOCIATION
LOGO
John C. Stohlmann
Vice President

Exhibit 7

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 September 30, 2017, 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

       $ 18,593  

Interest-bearing balances

         205,447  

Securities:

      

Held-to-maturity securities

         142,316  

Available-for-sale securities

         254,889  

Federal funds sold and securities purchased under agreements to resell:

      

Federal funds sold in domestic offices

         118  

Securities purchased under agreements to resell

         30,628  

Loans and lease financing receivables:

      

Loans and leases held for sale

         7,834  

Loans and leases, net of unearned income

      924,987     

LESS: Allowance for loan and lease losses

      10,292     

Loans and leases, net of unearned income and allowance

         914,695  

Trading Assets

         45,303  

Premises and fixed assets (including capitalized leases)

         7,810  

Other real estate owned

         691  

Investments in unconsolidated subsidiaries and associated companies

         11,686  

Direct and indirect investments in real estate ventures

         339  

Intangible assets

      

Goodwill

         22,481  

Other intangible assets

         16,825  

Other assets

         58,325  
     

 

 

  

Total assets

       $ 1,737,980  
     

 

 

  

LIABILITIES

      

Deposits:

      

In domestic offices

       $ 1,242,149  

Noninterest-bearing

      425,384     

Interest-bearing

      816,765     

In foreign offices, Edge and Agreement subsidiaries, and IBFs

         118,326  

Noninterest-bearing

      929     

Interest-bearing

      117,397     

Federal funds purchased and securities sold under agreements to repurchase:

      

Federal funds purchased in domestic offices

         12,165  

Securities sold under agreements to repurchase

         6,652  

     Dollar Amounts  
     In Millions  

Trading liabilities

      10,606  

Other borrowed money

   

(includes mortgage indebtedness and obligations under capitalized leases)

      131,262  

Subordinated notes and debentures

      12,971  

Other liabilities

      40,287  
  

 

 

  

Total liabilities

    $ 1,574,418  

EQUITY CAPITAL

   

Perpetual preferred stock and related surplus

      0  

Common stock

      519  

Surplus (exclude all surplus related to preferred stock)

      111,189  

Retained earnings

      51,446  

Accumulated other comprehensive income

      20  

Other equity capital components

      0  
  

 

 

  

Total bank equity capital

      163,174  

Noncontrolling (minority) interests in consolidated subsidiaries

      388  
  

 

 

  

Total equity capital

      163,562  
  

 

 

  

Total liabilities, and equity capital

    $ 1,737,980  
  

 

 

  

I, John R. Shrewsberry, Sr. 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.

John R. Shrewsberry    

Sr. 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.

Directors

Enrique Hernandez, Jr

Federico F. Pena

James Quigley