EXHIBIT 25.1
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
F O R M T-1
STATEMENT OF ELIGIBILITY AND QUALIFICATION 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)____.
TEXAS COMMERCE BANK NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
ORGANIZED UNDER THE LAWS OF 75-1992896
THE UNITED STATES OF AMERICA (I.R.S. employer
(State of incorporation identification no.)
if not a National Bank)
P.O. BOX 2320 75221-2320
DALLAS, TEXAS (Zip Code)
(Address of principal executive offices)
LEE BOOCKER
TEXAS COMMERCE BANK N A
600 TRAVIS
HOUSTON, TEXAS 77002
(713) 216-2448
(Name, address and telephone
number of agent for service)
_________________________
CODA ENERGY, INC.
DIAMOND ENERGY OPERATING COMPANY
TAURUS ENERGY CORP.
ELECTRA RESOURCES, INC.
(Exact name of obligors as specified in their charters)
DELAWARE 75-1842480
OKLAHOMA 73-1366557
TEXAS 75-2322473
TEXAS APPLIED FOR
(States or other jurisdictions of (I.R.S. employer
incorporation or organization) identification nos.)
5735 PINELAND DR.
SUITE 300
DALLAS, TEXAS 75231
(Address of each obligor's principal executive offices) (Zip Code)
10 1/2% SERIES B SENIOR SUBORDINATED NOTES DUE 2006
(Title of the indenture securities)
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ITEM 1. GENERAL INFORMATION.
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Furnish the following information as to the Trustee:
(a) Name and address of each examining or supervising authority to
which it is subject.
NAME ADDRESS
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Comptroller of the Currency Washington, D.C.
Federal Reserve Bank Dallas, Texas
Federal Deposit Insurance Corporation Washington, D.C.
National Bank Examiners Dallas, Texas
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR.
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If the obligor is an affiliate of the Trustee, describe each such
affiliation.
None.
ITEM 16. LIST OF EXHIBITS.
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List below all exhibits filed as part of this statement of
eligibility:
Exhibit 1. A copy of the Articles of Association of the Trustee as
now in effect.
Exhibit 2. A copy of the certificate of authority of the Trustee to
commence business.
Exhibit 3. A copy of the authorization of the Trustee to exercise
corporate trust powers.
Exhibit 4. A copy of the existing bylaws of the Trustee.
Exhibit 5. Not Applicable.
Exhibit 6. The consents of the United States institutional trustees
required by Section 321(b) of the Trust Indenture Act of
1939.
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.
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Exhibit 1. Incorporated by reference to exhibit bearing the same
designation and previously filed with the Securities and
Exchange Commission as exhibit to the Form S-3 File No.
33-56195.
Exhibit 2 Incorporated by reference to exhibit bearing the same
designation and previously filed with the Securities and
Exchange Commission as exhibit to the Form S-3 File No.
33-42814.
Exhibit 3. Incorporated by reference to exhibit bearing the same
designation and previously filed with the Securities and
Exchange Commission as exhibit to the Form S-11 File No.
33-25132.
Exhibit 4. Incorporated by reference to exhibit bearing the same
designation and previously filed with the Securities and
Exchange Commission as exhibit to the Form S-3 File No.
33-65055.
Exhibit 6. Incorporated by reference to exhibit bearing the same
designation and previously filed with the Securities and
Exchange Commission as exhibit to the Form S-11 File No.
33-25132.
Exhibit 7. Incorporated by reference to exhibit bearing the same
designation and previously filed with the Securities and
Exchange Commission as exhibit to the Form S-3 File No.
33-01564.
The answer to Item 2 is based in part on information provided or confirmed
by the obligor. The accuracy and completeness of such information is hereby
disclaimed by the Trustee.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, Texas Commerce 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 9th day of April 1996.
TEXAS COMMERCE BANK NATIONAL ASSOCIATION
By: /s/ JOHN G. JONES
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Name: John G. Jones
Title: Vice President and Trust Officer
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EXHIBIT 6
Texas Commerce Bank National Association, as a condition to
qualification under the Trust Indenture Act of 1939, consents that reports of
examinations by federal, state, territorial, or district authorities may be
furnished by such authorities to the Securities and Exchange Commission of the
United States upon request of said Commission for said reports, as provided in
Section 321 of said Trust Indenture Act of 1939.
TEXAS COMMERCE BANK NATIONAL ASSOCIATION
By: /s/ JOHN G. JONES
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Title: Vice President and Trust Officer
Date: April 9, 1996
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