EX-25.2 7 exhibit252.htm EXHIBIT Exhibit25.2

_____________________________________________________________________________

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)
_______________________________________________________

U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

800 Nicollet Mall
Minneapolis, Minnesota

55402
(Address of principal executive offices)
(Zip Code)
                        
Shazia Flores
U.S. Bank National Association
5555 San Felipe St., Suite 1150
Houston, TX 77056
(713) 235-9209
(Name, address and telephone number of agent for service)
                                                       
Oasis Petroleum Inc.
(Issuer with respect to the Securities)
Delaware
80-0554627
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
 
 

1001 Fannin Street, Suite 1500
Houston, Texas

77002
(Address of Principal Executive Offices)
(Zip Code)
    
Subordinated Notes
(Title of the Indenture Securities)





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FORM T-1

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
Washington, D.C.

b)    Whether it is authorized to exercise corporate trust powers.
Yes

Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.
None

Items 3-15
Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.
    
Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

1. A copy of the Articles of Association of the Trustee.*

2. A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

3.    A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

4.    A copy of the existing bylaws of the Trustee.**
 
5.    A copy of each Indenture referred to in Item 4. Not applicable.

6.    The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

7.    Report of Condition of the Trustee as of March 31, 2014 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
        

    
* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.
** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-166527 filed on May 5, 2010.


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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Houston, State of Texas on the 15th of July, 2014.

By:    /s/ Shazia Flores________
Shazia Flores    
Assistant Vice President












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Exhibit 2






4


Exhibit 3






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Exhibit 6

CONSENT

    
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.


Dated: July 15, 2014

By:    /s/ Shazia Flores________
Shazia Flores    
Assistant Vice President







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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 3/31/2014

($000’s)

 
3/31/2014
Assets
 
Cash and Balances Due From
Depository Institutions
$
7,390,563

Securities
84,977,518

Federal Funds
36,998

Loans & Lease Financing Receivables
234,549,731

Fixed Assets
4,726,552

Intangible Assets
13,234,790

Other Assets
22,187,278

Total Assets

$367,103,430

 
 
Liabilities
 
Deposits

$270,081,137

Fed Funds
3,856,384

Treasury Demand Notes
0

Trading Liabilities
422,782

Other Borrowed Money
35,507,326

Acceptances
0

Subordinated Notes and Debentures
4,623,000

Other Liabilities
11,663,853

Total Liabilities

$326,154,482

 
 
Equity
 
Common and Preferred Stock
$
18,200

Surplus
14,266,409

Undivided Profits
25,808,807

Minority Interest in Subsidiaries
855,532

Total Equity Capital

$40,948,948

 
 
Total Liabilities and Equity Capital

$367,103,430



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