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

 

 

o 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)

 

 

 

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)

 

 

 

71/8% Senior Notes due 2022

(Title of the Indenture Securities)

 

 

 

SUBSIDIARY GUARANTORS

 

Exact name of registrant as specified in its charter*		State or other jurisdiction of incorporation or organization		I.R.S. Employer Identification No
Crosstex Energy Services, L.P.		Delaware		76-0712100
Crosstex Operating GP, LLC		Delaware		20-0911547
Crosstex Energy Services GP, LLC		Delaware		11-3666493
Crosstex Processing Services, LLC		Delaware		20-3724409
Crosstex Pelican, LLC		Delaware		76-0526767
Sabine Pass Plant Facility Joint Venture		Texas		20-3891951
Crosstex LIG Liquids, LLC		Louisiana		74-2525634
Crosstex Gulf Coast Marketing Ltd.		Texas		75-2900544
Crosstex CCNG Processing Ltd.		Texas		76-0496658
Crosstex North Texas Pipeline, L.P.		Texas		20-2411513
Crosstex North Texas Gathering, L.P.		Texas		20-2411793
Crosstex NGL Marketing, L.P.		Texas		20-3366107
Crosstex NGL Pipeline, L.P.		Texas		20-3302827
Crosstex Permian, LLC		Texas		45-2159739
Crosstex Permian II, LLC		Texas		45-2606245
Crosstex ORV Holdings, Inc.		Delaware		45-5620843
West Virginia Oil Gathering, LLC		Delaware		46-0971147
Appalachian Oil Purchasers, LLC		Delaware		46-0957570
Kentucky Oil Gathering, LLC		Delaware		46-0961286
Ohio Oil Gathering II, LLC		Delaware		46-0982823
Ohio Oil Gathering III, LLC		Delaware		46-0999236
OOGC Disposal Company I, LLC		Delaware		46-1002082
M & B Gas Services, LLC		Delaware		46-1002323

 

*                 The address for each registrant’s principal executive office is 2501 Cedar Springs, Dallas, Texas 75201 and the telephone number for each registrant’s principal executive office is 214-953-9500.

 

 

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 12th day of December, 2012.

 

 

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

 

 

EXHIBIT 6

 

December 12, 2012

 

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

 

 

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, 2012, 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				$	16,931
Interest-bearing balances				74,188
Securities:
Held-to-maturity securities				0
Available-for-sale securities				204,296
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold in domestic offices				30
Securities purchased under agreements to resell				24,666
Loans and lease financing receivables:
Loans and leases held for sale				31,929
Loans and leases, net of unearned income		728,980
LESS: Allowance for loan and lease losses		14,500
Loans and leases, net of unearned income and allowance				714,480
Trading Assets				40,930
Premises and fixed assets (including capitalized leases)				7,618
Other real estate owned				4,074
Investments in unconsolidated subsidiaries and associated companies				581
Direct and indirect investments in real estate ventures				86
Intangible assets
Goodwill				21,545
Other intangible assets				19,703
Other assets				57,739
Total assets				$	1,218,796
LIABILITIES
Deposits:
In domestic offices				$	876,434
Noninterest-bearing		234,742
Interest-bearing		641,692
In foreign offices, Edge and Agreement subsidiaries, and IBFs				76,676
Noninterest-bearing		2,323
Interest-bearing		74,353
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased in domestic offices				8,985
Securities sold under agreements to repurchase				11,823

 

 

		Dollar Amounts
		In Millions
Trading liabilities		23,232
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)		39,783
Subordinated notes and debentures		16,786
Other liabilities		35,449
Total liabilities		$	1,089,168
EQUITY CAPITAL
Perpetual preferred stock and related surplus		0
Common stock		519
Surplus (exclude all surplus related to preferred stock)		99,518
Retained earnings		20,950
Accumulated other comprehensive income		7,541
Other equity capital components		0
Total bank equity capital		128,528
Noncontrolling (minority) interests in consolidated subsidiaries		1,100
Total equity capital		129,628
Total liabilities, and equity capital		$	1,218,796

 

I, Timothy J. Sloan, 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.

 

 

	Timothy J. Sloan
	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
David Hoyt
Carrie Tolstedt