EXHIBIT 25.1
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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________
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JPMORGAN CHASE BANK
(Exact name of trustee as specified in its charter)
NEW YORK 13-4994650
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
270 PARK AVENUE
NEW YORK, NEW YORK 10017
(Address of principal executive offices) (Zip Code)
WILLIAM H. MCDAVID
GENERAL COUNSEL
270 PARK AVENUE
NEW YORK, NEW YORK 10017
TELEPHONE: (212) 270-2611
(Name, address and telephone number of agent for service)
PARKER DRILLING COMPANY
(Exact name of obligor as specified in its charter)
SEE TABLE OF ADDITIONAL REGISTRANT GUARANTORS BELOW
DELAWARE 73-0618660
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
1401 ENCLAVE PARKWAY, SUITE 600
HOUSTON, TEXAS 77077
(Address of principal executive offices) (Zip Code)
9 5/8% SENIOR NOTES DUE 2013
(Title of indenture securities)
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TABLE OF ADDITIONAL REGISTRANT GUARANTORS
<Table>
<Caption>
ADDRESS, INCLUDING ZIP
CODE, AND TELEPHONE
NUMBER, INCLUDING AREA
STATE OR OTHER CODE, OF REGISTRANT
JURISDICTION OF IRS EMPLOYER GUARANTOR'S PRINCIPAL
NAME INCORPORATION ID NO. EXECUTIVE OFFICE
- ------------------------------------------------- ------------------ ------------------ ---------------------
Anachoreta, Inc. Nevada 88-0103667 *
Canadian Rig Leasing, Inc. Oklahoma 73-0972070 *
Choctaw International Rig Corp. Nevada 73-1046415 *
Creek International Rig Corp. Nevada 73-1046419 *
DGH, Inc. Texas 75-1726918 *
Indocorp of Oklahoma, Inc. Oklahoma 73-1336355 *
Pardril, Inc. Oklahoma 73-0774469 *
Parker Aviation, Inc. Oklahoma 73-1126372 *
Parker Drilling (Kazakstan), Ltd. Oklahoma 73-1319753 *
Parker Drilling Company Eastern Hemisphere, Ltd. Oklahoma 73-0934907 *
Parker Drilling Company International Limited Nevada 73-1046414 *
Parker Drilling Company International, Inc. Delaware 73-1566544 *
Parker Drilling Company Limited Nevada 73-1284516 *
Parker Drilling Company North America, Inc. Nevada 73-1506381 *
Parker Drilling Company of Argentina, Inc. Nevada 73-1547267 *
Parker Drilling Company of Bolivia, Inc. Oklahoma 73-0995324 *
Parker Drilling Company of Mexico, LLC Nevada 73-1670784 *
Parker Drilling Company of New Guinea, Inc. Oklahoma 73-1331670 *
Parker Drilling Company of Niger, Inc. Oklahoma 73-1394204 *
Parker Drilling Company of Oklahoma, Incorporated Oklahoma 73-0798949 *
Parker Drilling Company of Singapore, Ltd. Oklahoma 73-1080045 *
Parker Drilling Company of South America, Inc. Oklahoma 73-0760657 *
Parker Drilling Management Services, Inc. Nevada 73-1567200 *
Parker Drilling Offshore Corporation Nevada 76-0409092 *
Parker Drilling Offshore International, Inc. Cayman Islands 76-0354348 *
Parker Drilling Offshore USA, L.L.C Oklahoma 72-1361469 *
Parker North America Operations, Inc. Nevada 73-1571180 *
Parker Offshore Resources, L.P. Oklahoma 65-1166976 *
Parker Technology, Inc. Oklahoma 73-1326129 *
Parker Technology, L.L.C Louisiana 62-1681875 *
Parker Tools, LLC Oklahoma 81-0588864 *
Parker USA Drilling Company Nevada 73-1097039 *
Parker USA Resources, LLC Oklahoma 81-0588873 *
Parker-VSE, Inc. Nevada 75-1282282 *
PD Management Resources, L.P. Oklahoma 65-1166974 *
Quail Tools, L.P. Oklahoma 72-1361471 *
Quail USA, LLC Oklahoma 82-0578885 *
Selective Drilling Corporation Oklahoma 73-1284213 *
Universal Rig Service Corp. Nevada 73-1097040 *
</Table>
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* The address, including zip code, and telephone number, including area code, of
each of the additional Registrant's principal executive offices is c/o Parker
Drilling Company, 1401 Enclave Parkway, Suite 600, Houston, Texas 77077,
(281) 406-2000.
GENERAL
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.
New York State Banking Department, State House, Albany, New York 12110.
Board of Governors of the Federal Reserve System, Washington, D.C.,
20551.
Federal Reserve Bank of New York, District No. 2, 33 Liberty Street,
New York, N.Y.
Federal Deposit Insurance Corporation, Washington, D.C., 20429.
(b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR AND GUARANTORS.
IF THE OBLIGOR OR ANY GUARANTOR IS AN AFFILIATE OF THE TRUSTEE,
DESCRIBE EACH SUCH AFFILIATION.
None.
ITEMS 3 THROUGH 15, INCLUSIVE, ARE NOT APPLICABLE BY VIRTUE OF T-1 GENERAL
INSTRUCTION B.
[REMAINDER OF PAGE INTENTIONALLY BLANK]
ITEM 16. LIST OF EXHIBITS
LIST BELOW ALL EXHIBITS FILED AS A PART OF THIS STATEMENT OF
ELIGIBILITY.
1. A copy of the Restated Organization Certificate of the Trustee dated
March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see
Exhibit 1 to Form T-1 filed in connection with Registration Statement No.
333-76894, which exhibit is incorporated by reference).
2. A copy of the Certificate of Authority of the Trustee to Commence
Business (see Exhibit 2 to Form T-1 filed in connection with Registration
Statement No. 33-50010, which exhibit is incorporated by reference). On November
11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan
Guaranty Trust Company of New York, the surviving corporation was renamed
JPMorgan Chase Bank.
3. None, authorization to exercise corporate trust powers being
contained in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form
T-1 filed in connection with Registration Statement No. 333-76894, which exhibit
is incorporated by reference.)
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Act
(see Exhibit 6 to Form T-1 filed in connection with Registration Statement No.
33-50010, which exhibit is incorporated by reference). On November 11, 2001, in
connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust
Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.
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.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, JPMorgan Chase Bank, 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 Houston and State of Texas, on the 7th day of November, 2003.
JPMORGAN CHASE BANK
By: /s/ REBECCA A. NEWMAN
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Rebecca A. Newman
Vice President and Trust Officer
Exhibit 7 to Form T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
JPMorgan Chase Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business June 30, 2003,
in accordance with a call made by the Federal
Reserve Bank of this District pursuant to the
provisions of the Federal Reserve Act.
<Table>
<Caption>
DOLLAR AMOUNTS
ASSETS IN MILLIONS
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Cash and balances due from depository institutions:
Noninterest-bearing balances and
currency and coin ..................................... $ 22,657
Interest-bearing balances ............................. 10,600
Securities:
Held to maturity securities ................................ 268
Available for sale securities .............................. 76,771
Federal funds sold and securities purchased under
agreements to resell
Federal funds sold in domestic offices ................ 3,844
Securities purchased under agreements to resell ....... 86,290
Loans and lease financing receivables:
Loans and leases held for sale ........................ 31,108
Loans and leases, net of unearned income .............. $ 166,046
Less: Allowance for loan and lease losses ............. 3,735
Loans and leases, net of unearned income and
allowance ............................................. 162,311
Trading Assets
.. .......................................................... 186,546
Premises and fixed assets (including capitalized leases) ... 6,142
Other real estate owned .................................... 133
Investments in unconsolidated subsidiaries and
associated companies .................................. 696
Customers' liability to this bank on acceptances
outstanding ........................................... 225
Intangible assets
Goodwill ........................................... 2,201
Other Intangible assets ............................ 3,058
Other assets ............................................... 68,983
TOTAL ASSETS ............................................... $ 661,833
</Table>
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<Table>
<Caption>
LIABILITIES
Deposits
In domestic offices $189,571
Noninterest-bearing $ 82,747
Interest-bearing 106,824
In foreign offices, Edge and Agreement
subsidiaries and IBF's 125,990
Noninterest-bearing $ 6,025
Interest-bearing 119,965
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased in domestic offices 4,978
Securities sold under agreements to repurchase 114,181
Trading liabilities 129,299
Other borrowed money (includes mortgage indebtedness
and obligations under capitalized leases) 10,186
Bank's liability on acceptances executed and outstanding 225
Subordinated notes and debentures 8,202
Other liabilities 41,452
TOTAL LIABILITIES 624,084
Minority Interest in consolidated subsidiaries 104
EQUITY CAPITAL
Perpetual preferred stock and related surplus 0
Common stock 1,785
Surplus (exclude all surplus related to preferred stock) 16,304
Retained earnings 18,426
Accumulated other comprehensive income 1,130
Other equity capital components 0
TOTAL EQUITY CAPITAL 37,645
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TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL $661,833
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</Table>
I, Joseph L. Sclafani, E.V.P. & Controller 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.
JOSEPH L. SCLAFANI
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.
WILLIAM B. HARRISON, JR.)
HANS W. BECHERER )
FRANK A. BENNACK, JR. )