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)
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BANK ONE, NATIONAL ASSOCIATION
(EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER)
A NATIONAL BANKING ASSOCIATION 36-0899825
(I.R.S. EMPLOYER
IDENTIFICATION NUMBER)
1 BANK ONE PLAZA, CHICAGO, ILLINOIS 60670
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
BANK ONE, NATIONAL ASSOCIATION
1 BANK ONE PLAZA
CHICAGO, ILLINOIS 60670
ATTN: SANDRA L. CARUBA, FIRST VICE PRESIDENT (312) 336-9436
(NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE)
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SWIFT ENERGY COMPANY
(EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER)
TEXAS 74-2073055
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
16825 NORTHCHASE DR., SUITE 400 77060
HOUSTON, TEXAS (ZIP CODE)
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
DEBT SECURITIES
(TITLE OF INDENTURE SECURITIES)
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 Currency, Washington, D.C., Federal Deposit
Insurance Corporation, Washington, D.C., The Board of
Governors of the Federal Reserve System, Washington D.C.
(b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST
POWERS.
The trustee is authorized to exercise corporate trust powers.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR. IF THE OBLIGOR IS AN AFFILIATE OF THE
TRUSTEE, DESCRIBE EACH SUCH AFFILIATION.
No such affiliation exists with the trustee.
ITEM 16. LIST OF EXHIBITS. LIST BELOW ALL EXHIBITS FILED AS A PART OF THIS
STATEMENT OF ELIGIBILITY.
1. A copy of the articles of association of the trustee now
in effect.*
2. A copy of the certificates of authority of the trustee
to commence business.*
3. A copy of the authorization of the trustee to exercise
corporate trust powers.*
4. A copy of the existing by-laws of the trustee.*
5. Not Applicable.
6. The consent of the trustee required by Section 321(b) of
the Act.
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.
8. Not Applicable.
9. Not Applicable.
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, Bank One, 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 Chicago
and the State of Illinois, on this 10th day of April, 2002.
BANK ONE, NATIONAL ASSOCIATION,
TRUSTEE
By /s/ Sandra L. Caruba
Sandra L. Caruba
First Vice President
* Exhibits 1, 2, 3, and 4 are herein incorporated by reference to Exhibits
bearing identical numbers in Item 16 of the Form T-1 of Bank One, National
Association, filed as Exhibit 25 to the Registration Statement on Form S-3 of
Household Finance Corporation filed with the Securities and Exchange Commission
on March 24, 2000 (Registration No. 333-33240).
EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED
BY SECTION 321(b) OF THE ACT
April 10, 2002
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
In connection with the qualification of an indenture between
Swift Energy Company and Bank One, National Association, the undersigned, in
accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended,
hereby consents that the reports of examinations of the undersigned, made by
Federal or State authorities authorized to make such examinations, may be
furnished by such authorities to the Securities and Exchange Commission upon its
request therefor.
Very truly yours,
BANK ONE, NATIONAL ASSOCIATION
By /s/ Sandra L. Caruba
Sandra L. Caruba
First Vice President
BANK ONE, NA
- ------------------------------------- FFIEC 031
Legal Title of Bank RC-1
CHICAGO --------
- ------------------------------------- 11
City --------
IL 60670
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State Zip Code
Transmitted to EDS as 0172473 on 02/14/02 at 11:02:09 CST
FDIC Certificate Number - 03618
CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR DECEMBER 31, 2001
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
SCHEDULE RC -- BALANCE SHEET
Dollar Amounts in Thousands RCFD Bil|Mil|Thou
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A):
a. Noninterest-bearing balances and currency and coin (1) ......................... 0081 12,684,893 1.a
b. Interest-bearing balances(2) ................................................... 0071 953,557 1.b
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A) ..................... 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D) ................... 1773 35,870,041 2.b
3. Federal funds sold and securities purchased under agreements to resell ............ 1350 20,257,107 3
4. Loans and lease financing receivables (from Schedule RC-C):
a. LOANS AND LEASES HELD FOR SALE ................................................. 5369 473,360 4.a
b. LOANS AND LEASES, NET OF UNEARNED INCOME ................... B528 83,166,314 4.b.
c. LESS: Allowance for loan and lease losses .................. 3123 2,209,028 4.c.
d. LOANS AND LEASES, NET OF UNEARNED INCOME AND ALLOWANCES
(ITEM 4.b MINUS 4.c ............................................................. B529 80,957,286 4.d
5. Trading assets (from Schedule RC-D) ............................................... 3545 3,543,926 5
6. Premises and fixed assets (including capitalized leases) .......................... 2145 880,464 6
7. Other real estate owned (from Schedule RC-M) ...................................... 2150 26,445 7
8. Investments in unconsolidated subsidiaries and associated companies
(from Schedule RC-M) .............................................................. 2130 266,554 8
9. Customers' liability to this bank on acceptances outstanding....................... 2155 208,471 9
10. Intangible assets:
a. GOODWILL ....................................................................... 3163 448,690 10.a
b. OTHER INTANGIBLE ASSETS (FROM SCHEDULE RC-M) ................................... 0426 3,627 10.b
11. Other assets (from Schedule RC-F) ................................................. 2160 4,448,151 11
12. Total assets (sum of items 1 through 11) .......................................... 2170 161,022,572 12
</Table>
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
BANK ONE, NA
- ------------------------------------- FFIEC 031
Legal Title of Bank RC-2
Transmitted to EDS as 0172473 on 02/14/02 at 11:02:09 CST
FDIC Certificate Number - 03618 --------
12
SCHEDULE RC -- CONTINUED --------
Dollar Amounts in Thousands Bil|Mil|Thou
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LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C RCON
from Schedule RC-E, part I) ..................................................... 2200 81,019,724 13.a
(1) Noninterest-bearing(1) ................................. 6631 34,308,625 13.a.1
(2) Interest-bearing ....................................... 6636 46,711,099 13.a.2
b. In foreign offices, Edge and Agreement subsidiaries, and RCFN
IBFs (from Schedule RC-E, part II) .............................................. 2200 26,357,544 13.b
(1) Noninterest-bearing .................................... 6631 640,616 13.b.1
(2) Interest-bearing ....................................... 6636 25,716,928 RCFD 13.b.2
14. Federal funds purchased and securities sold under agreements
to repurchase ...................................................................... 2800 8,206,199 14
15. Trading liabilities (from Schedule RC-D) ........................................... 3548 3,131,652 15
16. OTHER BORROWED MONEY (INCLUDES MORTGAGE INDEBTEDNESS AND
OBLIGATIONS UNDER CAPITALIZED LEASES) (FROM SCHEDULE RC-M): ........................ 3190 21,671,080 16
17. Not applicable
18. Bank's liability on acceptances executed and outstanding ........................... 2920 208,471 18
19. Subordinated notes and debentures(2) ............................................... 3200 4,000,516 19
20. Other liabilities (from Schedule RC-G) ............................................. 2930 5,386,964 20
21. Total liabilities (sum of items 13 through 20) ..................................... 2948 149,982,150 21
22. MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES ..................................... 3000 50,200 22
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus ...................................... 3838 0 23
24. Common stock ....................................................................... 3230 200,858 24
25. Surplus (exclude all surplus related to preferred stock) ........................... 3839 6,661,081 25
26. a. Retained earnings ............................................................... 3632 4,134,252 26.a
b. ACCUMULATED OTHER COMPREHENSIVE INCOME (3) ...................................... B530 (5,969) 26.b
27. OTHER EQUITY CAPITAL COMPONENTS (4) ................................................ A130 0 27
28. Total equity capital (sum of items 23 through 27) .................................. 3210 10,990,222 28
29. Total liabilities, minority interest, and equity capital
(sum of items 21, 22, and 28) ...................................................... 3300 161,022,572 29
MEMORANDUM
TO BE REPORTED ONLY WITH THE MARCH REPORT OF CONDITION.
1. Indicate in the box at the right the number of the statement below
that best describes the most comprehensive level of auditing work
performed for the bank by independent external auditors as of any RCFD NUMBER
date during 2000 .................................................................... 6724 N/A M.1
1 = Independent audit of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm which
submits a report on the bank
2 = Independent audit of the bank's parent holding company conducted in
accordance with generally accepted auditing standards by a certified public
accounting firm which submits a report on the consolidated holding company
(but not on the bank separately)
3 = ATTESTATION ON BANK MANAGEMENT'S ASSERTION ON THE EFFECTIVENESS OF THE
BANK'S INTERNAL CONTROL OVER FINANCIAL REPORTING BY A CERTIFIED PUBLIC
ACCOUNTING FIRM
4 = Directors' examination of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm (may be
required by state chartering authority)
5 = Directors' examination of the bank performed by other external auditors (may
be required by state chartering authority)
6 = Review of the bank's financial statements by external auditors
7 = Compilation of the bank's financial statements by external auditors
8 = Other audit procedures (excluding tax preparation work)
9 = No external audit work
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(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Includes limited-life preferred stock and related surplus.
(3) Includes net unrealized holding gains (losses) on available-for-sale
securities, accumulated net gains (losses) on cash flow hedges, cumulative
foreign currency translation adjustments, and minimum pension liability
adjustments.
(4) Includes treasury stock and unearned Employee Stock Ownership Plan shares.