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
  (I.R.S. Employer
organization if not a U.S. national
  Identification No.)
bank)
    
 
    
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)
 
CROSSTEX ENERGY, L.P.
CROSSTEX ENERGY FINANCE CORPORATION
(Exact name of obligor as specified in its charter)
     
Delaware   16-1616605
Delaware   27-1735230
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)
2501 Cedar Springs
Dallas, Texas 75201
TELEPHONE: (214) 953-9500
(Address, Including Zip Code, and Telephone Number, Including Area
Code, of Registrant’s Principal Executive Offices)
 
 

 

 

Crosstex Energy Services, L.P.
Crosstex Operating GP, LLC
Crosstex Energy Services GP, LLC
Crosstex Processing Services, LLC
Crosstex Pelican, LLC
Sabine Pass Plant Facility Joint Venture
Crosstex LIG Liquids, LLC
Crosstex Eunice, LLC
Crosstex Gulf Coast Marketing Ltd.
Crosstex CCNG Processing, Ltd.
Crosstex Acquisition Management, L.P.
Crosstex North Texas Pipeline, L.P.
Crosstex North Texas Gathering, L.P.
Crosstex NGL Marketing, L.P.
Crosstex NGL Pipeline, L.P.
(Exact name of guarantor as specified in it charter)
         
Delaware
     76-0712100   
Delaware
     20-0911547   
Delaware
     11-3666493   
Delaware
     20-3724409   
Delaware
     76-0526767   
Texas
     20-3891951   
Louisiana
     74-2525634   
Louisiana
     27-1195299   
Texas
     75-2900544   
Texas
     76-0496658   
Delaware
     20-0059178   
Texas
     20-2411513   
Texas
     20-2411793   
Texas
     20-3366107   
Texas
     20-3302827   
State or other jurisdiction of
   (I.R.S. Employer
incorporation or organization)
   Identification No.)
2501 Cedar Springs
Dallas, Texas 75201
TELEPHONE: (214) 953-9500
(Address, Including Zip Code, and Telephone Number, Including Area
Code, of Registrant’s Principal Executive Offices)
 
8.875% Senior Notes due 2018
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 Fort Worth and State of Texas on the 29th day of April, 2010.
         
 
  WELLS FARGO BANK, NATIONAL ASSOCIATION    
 
 
  /s/ John C. Stohlmann    
 
 
 
John C. Stohlmann 		   
 
  Vice President    

 

 

EXHIBIT 6
April 29, 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/ John C. Stohlmann    
 
 
 
John C. Stohlmann 		   
 
  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  

 

 

         
    Dollar Amounts  
    In Millions  
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  
 
        
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