loren kopseng bismarck, nd

WebTop Result for Dawn Kopseng. Some well sites were tucked in the lee of ravines or perched on bluffs or strung out along the line of a county road, one per mile, like square coasters on a bar. Below was the country of the Missouri Slope, where homesteaders discovered the fallacy that rain followed the plow. One reason for the lack of dissent may be that there just arent that many people in North Dakota the state has a population density of less than 10 per square mile; Pennsylvania has 284, New York 411 and the people who are there appear to have weighed the benefits against the costs. ADDITIONAL LINKS Post Question For This Company Contact Us Regarding Your Company Profile All Companies Named UET And then around seven years ago driven by technological refinements that have made North Dakota a premier laboratory for coaxing oil from stingy rocks the states Bakken boom began in Mountrail County. Loren Kopseng until finally you get out at some windswept intersection and gratefully fall on the fellowship of a dog-faced bar with a jukebox of songs about people on their way to somewhere else. Business Buzz: Bed Bath and Beyond liquidation sales begin, ND's unemployment rate continues to fall, and more, State FFA band and chorus are the hidden gem of Minnesota State FFA convention, As West Fargo teacher nears end of prestigious fellowship, school district wont rehire her, 'Capital investment to flow' with corporate farm law change, North Dakota Gov. . [25]This Court has not ruled on the corporate opportunity doctrine. Theres so many companies that are providing housing. He is working to earn a G.E.D. Whether Great River was closing the plant because it was losing tens of millions of dollars a year and its customers were demanding green energy, as it said Williston has hired nine cops in the last two years, trying to keep up with the crime rate, which was booming along with everything else. Phone number, address, and email on Spokeo, the leading people search directory for contact information and public records. The cases and commentators generally recognize the existence of a rule or doctrine of corporate opportunity, although there is confusion as to the manner in which it is to be applied. Contact & Personal Details. Kopseng About 95 percent of the Bakken wont yield its oil unless millions of gallons of pressurized water full of sand and various chemicals are pumped down the well to crack open hairline channels. . We put down at the Williston airport and hiked across a dirt lot full of mud-caked water trucks. But under ultraviolet light, you can see telltale oil shows, and it has a faint smell of diesel fuel. Later, as improved instruments gave drillers a more precise sense of where they were and what kind of rock they were in, they were able to steer drill bits between the black halves of the Oreo. Reputation Score: 1.70-3.81. 10-32-119(1) authorizes a court to grant such equitable relief in only limited circumstances: 1. In July 2012, monthly oil output reached 20.97 million barrels, and North Dakota was the largest oil producer in the country after Texas. Loren has reached 74 years of age. We arent going to do anything to jeopardize it. Jundt is not an owner of Montana Heartland. Significant amounts of Bakken oil were produced from conventional vertical wells beginning in 1961, but for many years the formation was considered problematic: you had to be lucky or skillful enough to find an area of the shale that was naturally fractured. Yet in the midst of so much empty, untrammeled land, the roaring fires and messy drill pads didnt evoke images of industrial blight like the apocalyptic black wastes of the Alberta tar-sands operations or the eaten-off mountaintops of West Virginia coal country, or for that matter, the landscape of New Jersey around the port of Newark. That would cause considerable tax problems for all of the partners here. The trial court found the parties no longer have a business relationship that will allow them to work together and concluded [l]iquidation and partition are not appropriate equitable remedies in this case. The court concluded cancellation of Jundt's membership interest units in exchange for payment of $300,000 by the corporate defendants was the appropriate equitable remedy. The moneys very good out here, if you find someone to pay for your housing. . See Lussier v. Mau-Van Dev., Inc., 4 Haw.App. The email address cannot be subscribed. [16]Jundt and the defendants told the trial court they wanted to sever their business relationship. WebLOREN KOPSENG Manager, Member 919 S 7th St Suite 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. [12]The defendants contend the parties stipulated they would be bound by the special master's findings of the fair market value of Jurassic as of the date of trial. The special master found the Fair Market Value of the reserves and future production and income attributable to certain leasehold interests and the Pine Gas Gathering System of Jurassic et al as of November 27, 2001, was $2,286,000. It also authorized the managing governors to issue Jundt a member certificate for 4,925 membership units (32.833 percent of 15,000 total membership units), as well as 75 units to two other individuals, after the payout of the capital contributions and interest to Missouri River Royalty Corp., Rainbow Gas Company, and Rainbow Energy Marketing Corp.. WebAddress: 919 S 7TH St Ste 405 Bismarck, ND, 58504-5835 United States See other locations Phone: Website: www.missouririverroyalty.com Employees (all sites): Actual We brought in a plant to split and polish peas. Wells being hydraulically fractured were ringed by 20 or more water tanks spread out on square mounds of brick-red scoria a clay sintered by underground coal fires and used for drill pads and roads in North Dakota. All tax write-offs were by agreement of the parties to go to the money investors in the business venture they mutually agreed to pursue. But you just got so much influx from Texas, Louisiana, Pennsylvania, California, and people are just rude and inconsiderate. Jurassic began a program of gas exploration and production. Koeser, a 63-year-old former math teacher whose grandfather came to North Dakota to farm in 1901, started a communications company that sold field radios during the oil boom of the early 80s. Id. Jundt made no showing Jurassic had the financial ability to take the opportunity without additional investment of money or credit by the owners. Bismarck What constitutes the usurpation of a corporate opportunity is the subject of considerable litigation [H]owever, a single definitive test has not yet emerged. Joseph W. Bishop, Jr., The Law of Corporate Officers and Directors 3.05 (2002). Guys dont care here if youre with someone or not. After drilling companies finish securing leased acreage, it will take 20 years to develop the 35,000 to 40,000 production wells needed to fully exploit the thermally mature part of the Bakken shale, an area about the size of West Virginia. 8. WebLOREN KOPSENG Agent 919 South 7th Street Suite 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. For many years North Dakota has been a frontier not the classic 19th-century kind based on American avarice and the lure of opportunity in unsettled lands, but the kind that comes afterward, when a place has been stripped bare or just forgotten because it was a hard garden that no one wanted too much to begin with, and now it has reverted to the wilderness that widens around dying towns. Koeser, a 63-year-old former math teacher whose grandfather came to North Dakota to farm in 1901, started a communications company that sold field radios during the oil boom of the early 80s. He was elected to the Board of Commissioners in 1994 and returned to office five times. Questions Post Question There are no questions yet for this company. The company has 1 contact on record. Suddenly the state that never had anything is in the middle of an oil boom that is larger than anybody could have predicted. The trial court did not specifically adopt or reject the special master's determination the Fair Market Value of the reserves and future production and income attributable to certain leasehold interests and the Pine Gas Gathering System of Jurassic et al as of November 27, 2001 was $2,286,000. If you feel you have received this message in error, please contact the customer support team at 1-833-248-7801. WebLoren Kopseng. We see that you have javascript disabled. JUNDT v. Loren R. Kopseng, Defendant. (2003) | FindLaw Russell, who died in 2011, also wanted to get into oil and gas. Lived In Mandan ND. But with Russell handling the financial end, Kopseng began accumulating distressed oil and gas wells. Coal Creek Karen V. Kopseng, 61, Bismarck, passed away Oct. 19, 2006, at Medcenter One, Bismarck. The Members acknowledge that the Company will be treated as a partnership for tax purposes. WebUnited Energy Corp. CEO and President Loren Kopseng, left, and Gov. The rain lifted outside Stanley at the junction of Route 2 and Highway 8 stretches of which had the worst road ratings in the state. Why do [critics] always start talking about the challenges? Hamm said in a speech he gave at Williston Basin Petroleum Conference in Bismarck in May. Karen Kopseng Ryan V Kopseng, 46. Lookup the home address and phone 7012261617 and other contact What challenges? He banked the Husky over a pennant of flare gas fire, and from the size of the flame estimated the well was producing 1,500 barrels of oil per day. But its just happening too fast. [1]Jurassic Resources Development, North America, L.L.C., a North Dakota limited liability company (Jurassic); Missouri River Royalty Corporation (Missouri River); Rainbow Gas Company (Rainbow Gas); and Rainbow Energy Marketing Corporation (Rainbow Energy) appealed a judgment requiring them to cancel Curtis D. Jundt's membership interest units in Jurassic and pay him $300,000. One rainy May morning, I headed out to see the oil patch by car, driving north from Bismarck 110 miles to Minot, then west on Route 2. It reverses decades of anxiety about out-migration and rural decline and death. . Jundt cross-appealed, contending the trial court improperly granted summary judgment on part of his claim when it determined the defendants did not breach their fiduciary duty to Jurassic when they diverted a business opportunity (the acquisition of oil and gas properties controlled by WBI in the Pine Gas Field) belonging to Jurassic to Montana Heartland, which was owned by all of the corporate Jurassic owners. Trailers at M&M Park in Watford City, N.D. Laurie Rod, 50, came out with her husband from North Branch, Minn. Were gonna try it for a couple years and see how it goes. There is evidence supporting the court's finding that Jurassic's debts exceeded the appraised value of its assets. People asked me why I dont gamble, Kopseng said, digging into his lunch. Within 90 days after the end of each fiscal year, the President will cause to be delivered to each person who was a Member at any time during such fiscal year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's federal or state income tax (or information) returns, including a statement showing each Member's share of income, gain, or loss and credits for such fiscal year for federal or state income tax purposes. (Aggravated assaults in the oil patch doubled in four years.). Doug Burgum says, Fargo finance chief has history of yelling, creating toxic work environment, records show, Funding for North Dakota tourism projects slashed after rebuke of buffalo theme park. It buys and sells energy, in other words. "Kopseng first came down with oil fever in the late 1970s, when fortunes were being made domestically in the wake of the OPEC oil embargo. Home sales dipped 20% in Fargo-Moorhead. Loren Kopseng - Address & Phone Number | Whitepages Across the highway, workers were pouring concrete for a new Fuel Force gas station and rolling out sod on a fresh tract of homes. Water trucks in the parking lot wore petticoats of mud. The rigs, they dont shut down for anything out here. At a motions hearing, one of the defendants' attorneys told the court: We don't want [Jurassic] to be liquidated. Summary. It feels as hard as a flagstone terrace. Bismarck Theres a couple of small towns that weve been checking out.. UET SHIPPING, LLC in Louisiana | Company Info & Reviews Burgum's administration in March announced that Great River moved into exclusive negotiations with a prospective new owner for the plant. . [20]Jurassic's Member Control Agreement executed on January 26, 1998, does not provide that the money investors were to get all the tax write-offs. Brandi: I get my nails done here at one of the nicer salons, and my nail lady makes about $5,000 a month, so I was going to go work with her. Monthly oil production, which peaked in 1984 at 4.6 million barrels, fell to half and then went sideways for nearly a quarter-century. [5]Russell, Kopseng, Tschider, and Jundt executed an after-payout statement of membership interest on January 26, 1998, providing, in part: Time of Repayment. He makes $12,000 to $14,000 a month. He began working for The Forum in the 1980s while he was a student studying journalism at Minnesota State University Moorhead. Karen Victoria Kopseng (1945-2006) - Find a Grave Youd like to have more time to think things through, but everybody is in such a rush.. We simply want to ensure the most efficient and environmentally sound method of utilizing our precious coal and water resources for the benefit of the broadest number of people possible. Ed.). An equitable resolution by the Court also takes into account Jundt's claims about over allocated expenses, attorney fees and transportation charges to the extent the Court has any limited concerns over those claims. The memo Kopseng prepared dated February 10, 1997, (Exhibit 402), to begin this whole process specifically provided in the third full paragraph: The financial aspects of the corporation are that the silent partners are to put up the money and derive all writeoff's during the firm's conception and initial payout period so there will be a before and after payout scenario. [11]The parties stipulated to the appointment of a special master. Jundt contends the trial court improperly granted summary judgment dismissing his claim the Jurassic defendants breached their fiduciary duty to Jurassic by diverting a Jurassic business opportunity to Montana Heartland. Leigh Price, a United States Geological Survey geochemist, was initially greeted with skepticism when, about 13 years ago, he came to the conclusion that the Bakken might hold as much as 503 billion barrels of oil. . Its new life, new families moving in. Questions Post Question There are no questions yet for this company. In 1997 he and Russell consolidated various energy-related businesses into the privately held United Energy Corporation. North Dakotas last oil boom, 30 years ago, collapsed so quickly when prices crashed that workers in the small city of Dickinson left the coffee in their cups when they quit their trailers. Loren Kopseng OfficialUSA.com Records Statistics for all 2 Ryan Kopseng results: 40 yrs. The sandstone of the Middle Bakken retained the shape of the drill bore better than the Bakken shale. They have been through this before, the people of North Dakota, first in the 60s, a decade after oil was discovered in the state. We got new trailers that we live in. At that moment, 209 rigs were drilling fresh holes. And then we were off, banking over the low-slung rooftops that ring the states Capitol, an 18-story stone-and-concrete landmark built in 1934. Washington Post By 2010 it had climbed to fourth. Yelp is a fun and easy way to find, recommend and talk about whats great and not so great in Bismarck and beyond. WebAddress: 919 S 7TH St Ste 405 Bismarck, ND, 58504-5835 United States See other locations Phone: ? Fully understanding its equitable resolution is not based on gas reserves, future prices or future costs, and fully understanding it has made no adjustments whatsoever as to the value of Jurassic based on any claims of Jundt, and fully understanding the debts owed by Jurassic to BNC National Bank and the corporate defendants, the Court finds that the equitable resolution of this case is the AWARD OF A JUDGMENT TO JUNDT AGAINST JURASSIC AND THE CORPORATE DEFENDANTS IN THE AMOUNT OF $300,000. The plaintiff's efforts in developing the assets of the company have contributed value to the company notwithstanding the debts the company has acquired in the process. Under any of the theories, Jundt has failed to meet his burden. If you hold a piece of Middle Bakken, its hard to believe it contains oil at all, or that it could function as a reservoir for oil migrating under pressure from the carbon-rich shale around it. He began studying for his pilots license as a freshman in college. Website: www.uecorporation.com Theres no way to be right. [24]In granting the defendants' motion for summary judgment with regard to the Montana Heartland issue, the trial court said: The defendants' Motion for Summary Judgment Re: Montana Heartland is GRANTED to the extent the Court finds the WBI leases acquired by Montana Heartland were not a business opportunity that belonged to Jurassic, and thus the value of Jurassic does not include the value of the now developed WBI leases owned by Montana Heartland. The city had to be careful, he said, because during the last boom, Williston got stuck with $28 million in debt after putting in streets and sewers for housing developers who bailed when oil prices collapsed. The Special Master shall file its final report and appraisals with the Court on November 26, 2001 and serve copies on the parties The parties shall advise the Court on November 27, 2001 if they intend to file objections to the Report pursuant to Rule 53(f)(2). The payoff provision is inserted to guarantee the financial group their writeoff's during the planned start up period which is scheduled to be conducted as a loss. Well after well, 6,000 or more. United Energy Location 919 S 7th St Ste 405, Bismarck, North Dakota, 58504, United States Description Read More Industry Memorial services will be held at 2 p.m. Saturday, Oct. 21, at Trinity Word on the street in Bismarck recently, the open secret even, was that Kopseng was the name connected to buying Coal Creek, the massive power plant slated for closure in 2022 by its current owner, Great River Energy of Minnesota. All rights reserved. UET RR, LLC in Louisiana | Company Information & Reviews [6]Jurassic's member control agreement, executed on January 26, 1998, provides in part: 3.08Additional Capital Contributions. Almost half of the kids that are there are from out of state. He has since dropped out and is busing tables at Grandma Sharons Family Restaurant. Some of the most tangible effects of the boom have been tattooed into the roads. Dawn M Kopseng, 75. Word on the street in Bismarck recently, the open secret even, was that Kopseng was the name connected to buying Coal Creek, the massive power plant slated (5)An event of dissolution has occurred under subdivision a, d, or e of subsection 1 of section 10-32-109 but the limited liability company is not acting to wind up its affairs; (1)The claim of the creditor has been reduced to judgment and an execution on the judgment has been returned unsatisfied; or, (2)The limited liability company has admitted in writing that the claim of the creditor is due and owing and it is established that the limited liability company is unable to pay its debts in the ordinary course of business; or. [27]The circumstances presented in this case do not provide a basis for determining which of the tests for determining if there has been a usurpation of a corporate opportunity may most appropriately be adopted in this jurisdiction. Ive had two different jobs. An abandoned building off Highway 23 in the Williston Basin. Charlie Hancher, 25, moved from Daytona, Fla., to Williston, last April, and after much searching found a place to live at a new housing development in Williston. Select this result to view Loren R Kopseng's phone number, address, and more. Missouri River Royalty Corp Company Profile | Bismarck, ND The Middle Bakken layer, a band of grayish dolomitic sandstone and siltstone from 30 to 70 feet thick, sits between the Upper and Lower Bakken intervals, carbon-rich beds of black shale between 20 and 50 feet thick. In an action by a member when it is established that: (1)The governors or the persons having the authority otherwise vested in the board of governors are deadlocked in the management of the affairs of the limited liability company and the members are unable to break the deadlock; (2)The governors or those in control of the limited liability company have acted fraudulently, illegally, or in a manner unfairly prejudicial toward one or more members . A party opposing summary judgment must present evidence raising an issue of material fact. Nearly 40 years ago, when the boom of the moment was lignite coal, not oil, Link gave a speech at an annual meeting of the North Dakota Rural Electric Association. Jundt and Kopseng formed Jurassic. This is our time, Clay S. Jenkinson told me one morning over coffee at a Bismarck Starbucks, where he often goes to write. Rainbow Energy Marketing Corp. a subsidiary of United Energy Corp., a Bismarck-based firm run by the oil tycoon Loren Kopseng has never owned a coal-fired power plant. and plans on getting a truck-drivers license. [28]The judgment is reversed to the extent it ordered cancellation of Jundt's membership interest units in Jurassic, ordered payment of $300,000 to Jundt, and denied Jundt's claim to tax write-offs. Valuable research and technology reports. Were smack-dab in the middle of an Indian reservation. Thats the line of death, Kopseng said. Concerns about the expenditure of company funds in the fall of 1998 led to action by the Board of Governors on February 22, 1999, which in turn led to the plaintiff's departure from the company. , He seemed stunned by the pace of change; or maybe just exhausted. What made people rethink the viability of the Bakken was horizontal drilling. It has confounded kids running lemonade stands: 50 cents a cup but your customer has only hundreds in his payday wallet. By 1997, Russell and Kopseng consolidated several energy businesses into United Energy. But were still trying to feel things out. Bismarck That's why Lt. Gov. In a supervised voluntary winding up and termination pursuant to section 10-32-118; b.

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