EXHIBIT 25.1
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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) [__]
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
48 Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
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GOTHIC PRODUCTION CORPORATION
(Exact name of obligor as specified in its charter)
Oklahoma 73-1539475
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
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GOTHIC ENERGY CORPORATION
(Exact name of obligor as specified in its charter)
Oklahoma 22-2663839
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
5727 South Lewis Avenue, Suite 700
Tulsa, Oklahoma 74105
(Address of principal executive offices) (Zip code)
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11-1/8% Senior Secured Notes due 2005
(Title of the indenture securities)
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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.
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Name Address
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Superintendent of Banks of the State of 2 Rector Street, New York,
New York N.Y. 10006, and Albany, N.Y.
12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York,
N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
16. List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission,
are incorporated herein by reference as an exhibit hereto, pursuant to
Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17
C.F.R. 229.10(d).
1. A copy of the Organization Certificate of The Bank of New York (formerly
Irving Trust Company) as now in effect, which contains the authority to
commence business and a grant of powers to exercise corporate trust
powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with
Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed
with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed
with Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with Registration Statement No. 33-31019.)
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6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.)
7. A copy of the latest report of condition of the Trustee published
pursuant to law or to the requirements of its supervising or examining
authority.
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing under the laws of the State of New
York, has duly caused this statement of eligibility to be signed on its behalf
by the undersigned, thereunto duly authorized, all in The City of New York, and
State of New York, on the 6th day of May, 1998.
THE BANK OF NEW YORK
By:/s/ JAMES W.P. HALL
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Name: James W.P. Hall
Title: Vice President
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Exhibit 7
Consolidated Report of Condition of
THE BANK OF NEW YORK
of 48 Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries, a member of the Federal Reserve
System, at the close of business December 31, 1997, published 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
ASSETS in Thousands
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin .......... $ 5,742,986
Interest-bearing balances ................................... 1,342,769
Securities:
Held-to-maturity securities ................................. 1,099,736
Available-for-sale securities ............................... 3,882,686
Federal funds sold and Securities purchased under agreements
to resell.................................................... 2,568,530
Loans and lease financing receivables:
Loans and leases, net of unearned income ..........35,019,608
LESS: Allowance for loan and lease losses ............627,350
LESS: Allocated transfer risk reserve.......................0
Loans and leases, net of unearned income, allowance, and
reserve ................................................... 34,392,258
Assets held in trading accounts ............................... 2,521,451
Premises and fixed assets (including capitalized leases) ...... 659,209
Other real estate owned ....................................... 11,992
Investments in unconsolidated subsidiaries and associated
companies ................................................... 226,263
Customers' liability to this bank on acceptances outstanding .. 1,187,449
Intangible assets ............................................. 781,684
Other assets .................................................. 1,736,574
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Total assets .................................................. $56,153,587
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LIABILITIES
Deposits:
In domestic offices ......................................... $27,031,362
Noninterest-bearing ...............................11,899,507
Interest-bearing ..................................15,131,855
In foreign offices, Edge and Agreement subsidiaries, and IBFs 13,794,449
Noninterest-bearing ..................................590,999
Interest-bearing ..................................13,203,450
Federal funds purchased and Securities sold under agreements
to repurchase ............................................... 2,338,881
Demand notes issued to the U.S. Treasury ...................... 173,851
Trading liabilities ........................................... 1,695,216
Other borrowed money:
With remaining maturity of one year or less ................. 1,905,330
With remaining maturity of more than one year through
three years ............................................... 0
With remaining maturity of more than three years ............ 25,664
Bank's liability on acceptances executed and outstanding ...... 1,195,923
Subordinated notes and debentures ............................. 1,012,940
Other liabilities ............................................. 2,018,960
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Total liabilities ............................................. 51,192,576
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EQUITY CAPITAL
Common stock .................................................. 1,135,284
Surplus ....................................................... 731,319
Undivided profits and capital reserves ........................ 3,093,726
Net unrealized holding gains (losses) on available-for-sale
securities .................................................. 36,866
Cumulative foreign currency translation adjustments ........... (36,184)
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Total equity capital .......................................... 4,961,011
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Total liabilities and equity capital .......................... $ 56,153,587
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I, Robert E. Keilman, Senior Vice President and Comptroller of the above-
named bank do hereby declare that this Report of Condition has been prepared in
conformance with the instructions issued by the Board of Governors of the
Federal Reserve System and is true to the best of my knowledge and belief.
Robert E. Keilman
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 Board of Governors of the Federal Reserve System and is true and
correct.
Thomas A. Renyi )
Alan R. Griffith ) Directors
J. Carter Bacot )