WebLoren Kopseng, Bismarck, ND 1960 Piper PA-18-150, N3574Z Outstanding Piper PA-24 Comanche Dennis Carew, Appleton, WI 1963 Piper PA-24-250, N250LJ Outstanding Piper PA-28 Cherokee John Ditchie, Glen Ellyn, IL 1966 Piper PA-28-140, N7122R Outstanding Limited Production Marilyn & Richard Olwin, Jemez Springs, NM 1969 Navion H, N2533T . The store was selling showers: a half-hour of hot water for 10 bucks; $15 for a couple. Burgum's administration in March announced that Great River moved into exclusive negotiations with a prospective new owner for the plant. That gets old, that does get old. Brandi and Zachary broke up last week. But they had to have the tool there, you know?. And perhaps, given the states history of hardship, they dont feel entitled to qualms about social and environmental costs; maybe ambivalence about fat years seems self-indulgent, a failure to appreciate how lean life on the frontier once was and could well be again. Shallow gas leases were acquired and developed into production in Montana through the efforts of the plaintiff and capital and loans contributed by the corporate defendants, as well as the efforts of the defendant Loren R. Kopseng. They have been through this before, the people of North Dakota, first in the 60s, a decade after oil was discovered in the state. North of the Missouri River, around the town of Parshall in Mountrail County, the wells started almost on a line that coincided roughly with the 102nd meridian. He brokered oil-field equipment; he bought and sold leases; he jumped into the natural-gas market just as it was being deregulated. The stipulation was formalized in an order drafted by Jundt's counsel, which appointed the Ryder Scott Company as a Special Master pursuant to Rule 53, N.D.R.Civ.P., for the purpose of providing fair market value appraisals of specified assets owned or controlled by Jurassic, Pine Gas Gathering Company, and Montana-Heartland Company. There was no showing of a corporate opportunity Jurassic had the financial ability to pursue. Infinity nagged at the scale of things. Kopseng They have also lived in Mandan, ND. Memorial services will be held at 2 p.m. Saturday, Oct. 21, at Trinity A spokesman for North Dakota Gov. Most of the Bakken oil is tight. The rocks are not porous and permeable enough for the oil to flow on its own. Every master plan the city has prepared is obsolete by the time its printed. A.C. Petters Co., Inc. v. St. 14. The defendants acknowledged the plaintiff was entitled to his 4,925 membership interest units in Jurassic Resources Development North America, L.L.C., a North Dakota Limited Liability Company, effective March 9, 2000. 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. Contact us. https://www.nytimes.com/2013/02/03/magazine/north-dakota-went-boom.html. Its that easy., Christina Knapp, 22, is a tattoo artist from Phoenix, Ariz. A couple of the guys I work with do a lot of the rig tattoos. While they were buying houses and investing in mutual funds, he was in debt-work-out negotiations with Halliburton. BISMARCK It's not like Loren Kopseng vehemently denied the company he runs, United Energy, is buying Coal Creek Station. WebThe Registered Agent on file for this company is Loren Kopseng and is located at 919 South 7th Street Suite 405, Bismarck, ND 58504. Theres no way to be right. Executive Vice President at United Energy . This practice raises the atmospheric levels of carbon dioxide, the gas primarily responsible for global warming. Copyright 2023, Thomson Reuters. He began working for The Forum in the 1980s while he was a student studying journalism at Minnesota State University Moorhead. d.In an action by the attorney general to dissolve the limited liability company in accordance with section 10-32-122 when it is established that a decree of termination is appropriate. Id rather stay in a small town., Kevin Tschetter, 34, hauls water to and from active wells for KNS Enterprises. Apart from a few fanatics who sometimes turned up at midnight, the landmen would begin arriving at the courthouse around 6 a.m. If an oil company wants to put a well site on your land to search for minerals, its hard to deny them. And he says that the kind of development the boom era has brought is taking away the natural beauty of the land.. at 22. Dancers at a performance of Snow White in Williston, N.D. We just learned that we have to move out of our dance studio, saidMelissa Lucy, 43, a co-owner of Dance Fever Performing Arts Studio. WebSupreme Court of North Dakota. . I dont need to gamble because the oil and gas business is gambling. 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. 13. Select this result to view Dawn M Kopseng's phone number, address, and more. Karen Kopseng Obituary (2006) - Bismarck, ND - The Bismarck . WebUnited Energy Corp. CEO and President Loren Kopseng, left, and Gov. A dog inside a truck outside Hampton Inn and Suites, Williston, N.D. Customers waiting for Walmart to open. 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 Under paragraphs 1.11 and 2.09 of the Jurassic Operating Agreement, the members and the board of governors may take actions by the affirmative vote of a majority of the members or governors unless otherwise required by law or specified in the Articles of Organization of the Company or a member control agreement. Thus, the corporate defendants had the power to control Jurassic's business decisions. He went broke twice, maxed out his credit cards and even borrowed money from his mother loans that came with sharp remarks about his clothes and hair. We arent going to do anything to jeopardize it. Any payment or transfer accepted by the Company from a Member which is not a capital contribution complying with Section 3.01 shall be deemed a loan and shall neither be treated as a contribution to the capital of the Company for any purpose hereunder, nor entitle such Member (as such) to any increase in such Member's Percentage Interest. Any such loan shall be repaid at such times and with such interest (at rates not to exceed the maximum permitted by law) as the Board and the lending Member shall reasonably agree. Nor have any grounds for ordering a sale of membership interests under N.D.C.C. Well after well, 6,000 or more. 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. Originally from South Dakota, he was meeting with other KNS employees at the Scenic 23 Club in New Town. . Kopseng Brent Sanford spearheaded a high-priority effort to find a buyer to keep the plant operating. It has fitted highways with passing lanes and rumble strips. 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. The people with families, I think, I mean this is my opinion, they seem to want to stay here, you know, maybe not permanently, but awhile., Brian Coffey, 40, who works for Raven Drilling, says: I went from floor hand well, back in the day it was called a worm to now Im on the derrick, and starting to run a rig, so Ive kinda got my mind set on company man or tool pusher., Lonnies Roadhouse Cafe. McFeely: North Dakota company appears poised to buy The only thing you got within 60 miles is either go to a bar at night or go to the casino, and Im not much for drinking and dont like to gamble, so you kind of go stir crazy., Greg Hoeft, 31, hotshot for Petroleum Services. Jundt asserted the defendants breached their fiduciary duty to Jurassic by diverting a Jurassic business opportunity to Montana Heartland, which is owned by the corporate Jurassic owners. WebLOREN KOPSENG Manager, Member 919 S 7th St Suite 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. Ed.). Karen V. Kopseng, 61, Bismarck, passed away Oct. 19, 2006, at Medcenter One, Bismarck. The email address cannot be subscribed. 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.. Jurassic Resources may make dividend payments to pay back the capital contribution amounts plus interest at their discretion anytime Jurassic Resources has the ability to pay dividends. [A] director is not required to use his or her own money or credit to finance the business of the company. Id. My husband and I both grew up as military kids, so were just doing whats gotta be done to help us move forward.. Summary. [6]Jurassic's member control agreement, executed on January 26, 1998, provides in part: 3.08Additional Capital Contributions. 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. 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. We see that you have javascript disabled. 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. Coal Creek The Court will use the report and appraisals, after considering any objections of the parties, to find the fair market values of any relevant properties to which the parties have not previously agreed to a method of valuation, distribution or liquidation. Kopseng 65, a deer hunter, a Bud Light drinker, a profane churchgoer with four kids and two ex-wives refers to himself as a petro-preneur. The oil company The defendants here asserted Jurassic lacked the financial ability to take advantage of the opportunity. They have also lived in Queen Creek, AZ and Bismarck, ND. Youd like to have more time to think things through, but everybody is in such a rush.. Keep an eye out for radio towers, Kopseng said over the headset. Laura Louise Kopseng-Klein, 85, 1015 N. Third St., Bismarck, died Nov. 20, 2001, at Medcenter One Health Care Center, Bismarck, from complications of Parkinson's disease. 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. "I'm supposed to say no comment," Kopseng said Wednesday, June 2, when reached by The Forum and asked directly whether he and the company of which he is president and CEO were negotiating to buy the coal-burning power plant located near Underwood, N.D. After a pause he said, "There should be something in a couple of weeks.". Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: KOPSENG, LOREN R BISMARCK, ND 58503: UNITED The same article said United Energy in 2012 earned a net profit of $44.8 million on revenues of $5.7 billion. The parties may file comments with the Court and Special Master by November 16, 2001 pursuant to Rule 53(f)(5). . 9. Many potions have been concocted to suppress the stuff. Ed.). Viewed in the global market, the states oil output isnt huge Saudi Arabia produces about 10 million barrels a day but North Dakotas oil boom now accounts for 11 percent of U.S. oil production, and it is the main reason the state government currently has a $3.8 billion surplus. The defendants contend the trial court abused its discretion in awarding Jundt $300,000. Loren Kopseng Bismarck, ND. 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. The only problem you got is if you move in with somebody that you dont like very much. The biggest danger on many dirt and gravel roads is blinding plumes of dust. The majority owners impliedly disclosed to themselves and to Jurassic all of the relevant facts about Jurassic's asserted corporate opportunity to purchase WBI properties and elected to forego the opportunity. [13]The record does not show the parties agreed to be bound by the special master's findings of the fair market value. The order reflecting the parties' stipulation says only that the trial court will use the report and appraisals to find the fair market values of any relevant properties. It does not say the court or the parties will adopt or be bound by the special master's report or findings. 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. The trial court's order appointing the Ryder Scott Company as a special master to provide fair market appraisals of specified properties does not specifically require the special master to make findings of fact or conclusions of law. In a way, of course, this kind of frontier is as much a state of mind as an actual place, a melancholy mood you cant shake as you drive all day in a raw spring rain with nothing but fence posts and featureless cattle range for company thinking, Is this all there is? [29] WILLIAM A. NEUMANN, Acting C.J., JAMES M. BEKKEN,* D.J., MARY MUEHLEN MARING, and DALE V. SANDSTROM, JJ, concur. According to United's website, it "purchases, transports, stores and sells over 1 million barrels of crude oil per day.". Night satellite photographs that were once pitch-black now show a massive gas flare luminance in the northwest corner of the state. , He seemed stunned by the pace of change; or maybe just exhausted. Get the latest business insights from Dun & Bradstreet. As to this claim Jundt has the burden of proof. North Dakotans are among the most prudent people in North America even amid record surpluses, the electorate last year rejected a proposal to abolish property taxes and their history tells them that after the tumult of a boom, the landscape, in the words of former Gov. It was locally owned, and the man sold the building for an enormous amount of money to somebody from out of state. , or because the company was bowing to political pressure in Democrat-run Minnesota, as North Dakota fossil fuel advocates said, it would be a crushing economic blow to McLean County. WebDawn M Kopseng, 75 Resides in Bismarck, ND Lived In Mandan ND Related To Sander Kopseng, Loren Kopseng, Ryan Kopseng, Leah Kopseng Includes Address (3) Phone (1) See Results Dawn M Gittel, 51 Resides in Bismarck, ND Lived In Mandan ND, Gilbert AZ Related To Jayden Gittel Also known as Dawn M Schumacher, Dawn Gittle, Dawn M People arent interested in stepping back.. Sometimes Loren goes by Lived In Mandan ND. JUNDT v. Loren R. Kopseng, Defendant. (2003) | FindLaw Loren Kopseng. Corps. I dont like North Dakota. Monthly oil production, which peaked in 1984 at 4.6 million barrels, fell to half and then went sideways for nearly a quarter-century. Kopseng The company's principal address is 919 S 7th Street Suite 405, Bismarck, ND 58504-5835. After he married and started a family, it was his wifes friends who looked at him sideways. I hate the wind. Johnson, 21, commutes nine hours from Pennock, Minn., where hes from, to North Dakota to work in construction. Production from a typical Bakken well declines rapidly but on average produces modest amounts of oil for 45 years and earns a profit of $20 million. Green junipers blazed on the broken rainbow clay and sandstone cliffs of the North Dakota Badlands, where 26-year-old Theodore Roosevelt came in 1884 to recuperate after the deaths of his wife and his mother on the same day. Many thousands more will be spudded in the next two years as the boom moves from discovery to production and crews drill infill wells, complete pipelines, fortify roads, enlarge refineries and build natural-gas pumping stations and oil-loading train yards. It has now leveled off at around 200, as thousands of wells have been completed under deadline pressure to secure expiring mineral leases. Anyone can read what you share. Oil has financed multimillion-dollar recreation centers and new hospital wings. 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. U.E.C. Meanwhile you can send your letters to PO BOX 837, BISMARCK, ND, 58502-0837. The Registered Agent on file for this company is Loren R Kopseng and is located at 919 S 7th St Ste 405, Bismarck, ND 58504-5835. Originally from South Dakota, he was meeting with other KNS employees at the Scenic 23 Club in New Town. Brandi Wagner, 24, from Spokane, Wash., with her ex-boyfriend, Zachary Bolton, 27, a computer technician for American Casing and Equipment. WebLoren Kopseng Active Bismarck, ND Chairman for Rainbow Energy Marketing Corporation (701)222-4909 Overview 6 Companies 15 Connections 4 Locations Members may make loans to the Company from time to time, as authorized by the Board. He was elected to the Board of Commissioners in 1994 and returned to office five times. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Select this result to view Loren R Kopseng's phone number, address, and more. When he graduated (sidetracked for a year and a half by a stint in the Army that included seven months in Vietnam), one of his first jobs was flying a small plane for a highway contractor. 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. It reverses decades of anxiety about out-migration and rural decline and death. They had names like Bakken Heights and Harvest Hills. Additionally, both Kopseng and Russell testified that the money investors were to take the tax write-offs as without being able to claim the tax benefits money investors would not invest in such ventures. Comprehensive company profiles. In 2012 the company earned a net profit of $44.8 million on revenues of $5.7 billion. We conclude the trial court did not err in granting summary judgment dismissing Jundt's claim the defendants diverted a Jurassic business opportunity to Montana Heartland. But I wouldnt mind going and working somewhere that does pay for stuff like that.. . Multiply that by hundreds of annual new wells, and its clear why county and state highway departments are engaged in an epic struggle against potholes, rutting, asphalt shoving, alligator cracking and other pavement maladies. Apostles of Bakken gold insist that whats different this time is that this time is different, the history of frontier avarice notwithstanding. But its also geology, chemistry, business. Long before the full frenzy of the boom, you could see its harbingers at the Mountrail County courthouse in Stanley, N.D. Geologists had pored over core samples and log signatures and had made their educated guesses, and now it was the hour of the landmen, the men and women whose job was to dig through courthouse books for the often-tangled history of mineral title and surface rights. 10-32-119(1) authorizes a court to grant such equitable relief in only limited circumstances: 1. We were a graying community. But now, land near the airport that was $500 an acre a decade ago was selling for as much as $180,000 an acre; the airport itself was slated for relocation. 1. Every 1 percent increase in the rate of recovery means another billion barrels.. He went broke twice, maxed out his credit cards and even borrowed money from his mother loans that came with sharp remarks about his clothes and hair. What may be even more remarkable than the growth of the past two years is the extent to which the oil comes from one group of rocks. By 2010 it had climbed to fourth. 2. Flying was Kopsengs dream job before he got the idea of building an oil company. Something about seeing men eating alone in a diner is poignant to me., Owen Evens, 37, moved from Bend, Ore., 11 months ago, and works for Rocky Mountain Casing Crews. They have also lived in Mandan, ND. and plans on getting a truck-drivers license. The managing governors of Jurassic that were representing the corporate owners of Jurassic membership interest units and owned Montana Heartland knew Jurassic was negotiating to acquire WBI properties before Jundt left Jurassic, and, therefore, knew of the opportunity. At the time, North Dakota was ranked ninth among U.S. oil-producing states. Water trucks in the parking lot wore petticoats of mud. [25]This Court has not ruled on the corporate opportunity doctrine. North Dakota officials and Great River have been keeping quiet about the prospective buyer but said the intent was to pursue carbon capture projects attached to the plant. Reviews. The two ranches he acquired are now part of Theodore Roosevelt National Park. See Lussier v. Mau-Van Dev., Inc., 4 Haw.App. 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. ADDITIONAL LINKS Post Question For This Company Contact Us Regarding Your Company Profile All Companies Named UET WebFind company research, competitor information, contact details & financial data for Jurassic Resources Development North America, LLC of Bismarck, ND. It has confounded kids running lemonade stands: 50 cents a cup but your customer has only hundreds in his payday wallet. But under ultraviolet light, you can see telltale oil shows, and it has a faint smell of diesel fuel. We got new trailers that we live in. Financial inability justifies a corporation in rejecting an opportunity. He always worked he helped his parents run apartment buildings in Bismarck, and for six summers starting at age 12, he fed the chickens and pigs and bucked hay and branded cattle at his grandparents ranch in Slope County in the western part of the state. He just didn't confirm it. . 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).