Pickup trucks were waiting in long lines for drive-through dinners at Hardees. 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. An abuse of discretion by the trial court is never assumed; the burden is on the party seeking relief to affirmatively establish it. Gepner v. Fujicolor Processing, Inc., 2001 ND 207, 13, 637 N.W.2d 681. Many potions have been concocted to suppress the stuff. 861.10 (2002 Rev. 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 has forced McDonalds to offer bonuses and brought job seekers from all over the country truck drivers, frack hands, pipe fitters, teachers, manicurists, strippers. 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 he started almost 30 years ago is headquartered in Bismarck, but the thrilling part of his billion-dollar business is based 100 miles northwest in the Williston Basin. The land is as good and, in some cases, better than before.. It has confounded kids running lemonade stands: 50 cents a cup but your customer has only hundreds in his payday wallet. A 2013 New York Times article on North Dakota's oil boom included a mini-profile of Kopseng [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. I tried for almost a year to apply online and calling people and no one would hire me. Whether he could use them or not, I don't know. WebView FREE Public Profile & Reputation for Dawn Kopseng in Mandan, ND - See Court Records | Photos | Address, Email & Phone Numbers | Personal Review | $175 - $199,999 Income & Net Worth. 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. Below was the country of the Missouri Slope, where homesteaders discovered the fallacy that rain followed the plow. Its a very solitary existence, being up there. It took me all night. The law has long recognized the doctrine of corporate opportunity which prohibits one who occupies a fiduciary relationship to a corporation from acquiring, in opposition to the corporation, property in which the corporation has an interest or tangible expectancy or which is essential to its existence. 3 Fletcher Cyc. 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.'". 1. Infinity nagged at the scale of things. Id. A court may grant any equitable relief it considers just and reasonable in the circumstances or may dissolve, wind up, and terminate a limited liability company: a. Its the center of the culture, in a lot of ways.. 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. That's why Lt. Gov. Lodge, Inc. v. Roland Township, 2002 ND 140, 21, 651 N.W.2d 625 (citations omitted). All rights reserved. While they were buying houses and investing in mutual funds, he was in debt-work-out negotiations with Halliburton. JUNDT v. Loren R. Kopseng, Defendant. (2003) | FindLaw I love construction and new buildings. As the Husky droned west, the land began to change, growing drier, farms giving way to ranches. There was undisguised horror in Kopsengs voice when he realized I had been obliged to open an airsickness bag in the back seat. Karen Victoria Kopseng (1945-2006) - Find a Grave Whether or not a given opportunity meets the requisite relationship is largely a question of fact to be determined from the objective facts and surrounding circumstances existing at the time the opportunity arises. Later, they and others formed a number of other companies, including Rainbow Gas, We do not plan to be selfish and say, North Dakota will not share its energy resources. . The same article said United Energy in 2012 earned a net profit of $44.8 million on revenues of $5.7 billion. Gloria Fronk Sun Lakes, AZ. Members may make loans to the Company from time to time, as authorized by the Board. Kopseng (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. Now people dont think that number is as crazy as it seemed. 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 They had names like Bakken Heights and Harvest Hills. Early treatments there were called Hail Mary fracks because geologists and engineers would just drill a well, pump in frack fluid and pray for a robust result. WebThe second best result is Loren R Kopseng age 40s in Bismarck, ND in the Wachter's neighborhood. 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. , saying "you won't find a better ambassador of what the oil industry calls 'the play' in western North Dakota than Loren Kopseng. at 22. [23]We recently reiterated the test for resolving a motion for summary judgment: Summary judgment is a procedural device for promptly and expeditiously disposing of an action without a trial if either party is entitled to judgment as a matter of law and if no dispute exists as to either the material facts or the inferences to be drawn from undisputed facts, or if resolving factual disputes will not alter the result. We had 12,500 people in the 2000 census, and we wanted to grow beyond that, he said, heading to the northern edge of town. I talked to one of these gals, says Alec Soth, the photographer, and she said: Look, Im not good looking, but I can walk into this place, I can point at any one of these guys and take him home. In a worse case scenario of Jurassic ultimately losing money, it will be to the advantage of the defendants for them to be able to control the final crash of Jurassic. 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.. 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. But as the volume of oil in the Bakken shale is still a moving target, and recovery techniques are increasingly sophisticated, some estimates put the life of the Bakken play, and the attendant upheaval it is causing in North Dakota, at upward of a hundred years. It was locally owned, and the man sold the building for an enormous amount of money to somebody from out of state. Loren is related to Sander Kopseng and Loren Roy Kopseng as well as 3 additional people. Reputation Score: 1.70-3.81. 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 Also known as Dawn M Fronk, Dawn Kotseng. The plaintiff and the defendants no longer have a business relationship that will allow them to work together. Previously city included Mandan ND. He just didn't confirm it. Contact & Personal Details. This whole area was a field two years ago, he said. UET SHIPPING, LLC in Louisiana | Company Info & Reviews I get to live every 5-year-old-kids dream. North Dakota has had oil booms before but never one so big, never one that rivaled the land rush precipitated more than a century ago by the transcontinental railroads, never one that so radically changed the subtext of the Dakota frontier from the Bitter Past That Was to the Better Future That May Yet Be. It is equitable for a JUDGMENT to be AWARDED in favor of the PLAINTIFF against the remaining defendants canceling the plaintiff's membership interest units in Jurassic Resources Development North America, L.L.C., a North Dakota Limited Liability Company, and requiring the remaining defendants to pay the sum of $300,000 to the plaintiff. Select this result to view Loren R Kopseng's phone number, address, and more. Nor have any grounds for ordering a sale of membership interests under N.D.C.C. He makes $12,000 to $14,000 a month. Relatives & Associates. Some of the most tangible effects of the boom have been tattooed into the roads. Mark Froemming, 23, works for Halliburton as a frack crew member, on two-week rotations, and returns to Missoula, Mont., during his two weeks off. 3 Fletcher Cyc. An abandoned building off Highway 23 in the Williston Basin. Brent Sanford spearheaded a high-priority effort to find a buyer to keep the plant operating. 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. Seventy-two miles beyond Stanley, I pulled into Williston, which proudly advertises itself as the boyhood home of the N.B.A. Karen Kopseng The matter is remanded for further proceedings in accordance with this opinion. After he married and started a family, it was his wifes friends who looked at him sideways. The order also provided: The Special Master shall submit its draft report and preliminary appraisals to the parties for comment by November 9, 2001. , He seemed stunned by the pace of change; or maybe just exhausted. 10-32-119(2) been established. Young people were leaving and not coming back, and farmers were moving to town and retiring. 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. and plans on getting a truck-drivers license. The former landman who told me this Brent Brannan, now director of the North Dakota Oil and Gas Research Program said he sometimes thought he could see the whole boom in that one image, briefcases waiting for the day to start, and it killed him a little that he never took a picture. All of which may explain the shock of coming around a bend and suddenly finding a derrick illuminated at night, or a gas flare framed by stars, or dozens of neatly ranked trailers in a man camp, or a vast yard of drill pipe, or a herd of water trucks, or tracts of almost-finished single-family homes with Tyvek paper flapping in the wind of what just yesterday was a wheat field. [14]The defendants contend the trial court did not apply the clearly erroneous standard required by N.D.R.Civ.P. Great River Energy has said the potential buyer would purchase the power plant along with the attached high-voltage transmission line. Dawn is related to Sander Kopseng and Loren Roy Kopseng as well as 3 additional people. This is the boom that is going to change everything without the remorse and misgivings that have marked the aftermath of so many past orgies of resource extraction. (The sand, or proppant, props the channels open.) The first areas of the Bakken to be hydraulically fractured were on the Montana side of the Williston Basin in the Elm Coulee Field, where oil was discovered in 2000. Also known as: Loren Roy Kopseng, Loran R Kopseng, Loren Konseng. Meanwhile you can send your letters to PO BOX 837, BISMARCK, ND, 58502-0837. Theres no way to be right. Executive Vice President at United Energy . The debts of the company exceed the appraisal value determined by the Special Master as of November 27, 2001. [8]The trial court found, among other things: 3. This practice raises the atmospheric levels of carbon dioxide, the gas primarily responsible for global warming. New or freshly painted pump jacks were nodding over recent discoveries. 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. 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. Curtis D. JUNDT, Plaintiff and Appellant, v. JURASSIC RESOURCES DEVELOPMENT, NORTH AMERICA, L.L.C., a North Dakota limited I love it. None of the Bakken rocks are visible on the surface at their deepest they lie more than two miles underground but outcrops of the brand can be seen everywhere in restaurants like Bakken Buffet, Bakken Residence Suites and a plague of Rockin the Bakken bumper stickers. This is the Big One that North Dakota has been waiting for for more than a century. While they were buying houses and investing in mutual funds, he was in debt-work-out negotiations with Halliburton. And then they would go back to their cars and trucks to wait with the engines running, their faces wreathed in coffee steam. 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. Four tests have been established as standards for identifying a corporate opportunity: the line of business test, the interest or expectancy test, the fairness test, and the ALI test. The transient people are more the single guys. We skimmed along the Montana border, then banked east over the confluence of the Yellowstone and Missouri Rivers. The moneys very good out here, if you find someone to pay for your housing. As long as prices stay above $60 a barrel or so, oil will be a mainstay of the North Dakota economy for a generation or more. Cloud Enters., Inc., 301 Minn. 261, 222 N.W.2d 83, 86 (1974). Sometimes Loren goes by Every time we went out to a bar or anything like that, we were getting offered jobs for the oil, Kingsley says. From the Husky, it was easy to overlook environmental issues and fathom the appeal of oil development easy to see the allure of a derrick dressed up in lights and looming 10 stories over a desolate landscape where the leading academic solution to social and economic stagnation had been to surrender and let the land lapse into buffalo commons. [17]However, N.D.C.C. We hosted events for developers and growers farmers in the area grow lentils and potatoes and durum wheat but we couldnt get beyond 12,500. One morning, Ward Koeser, president of the Williston City Commission, offered to show me around. Website: www.uecorporation.com Such implied disclosure and consent to Montana Heartland's acquisition is a permissible inference. Questions Post Question There are no questions yet for this company. Related To Stephanie Kopseng. 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 works for eight days, then takes six off. The company's principal address is 919 S. 7th Street Ste 405, Bismarck, ND 58504 and its mailing address is Po Box 837, Bismarck, ND 58502-0837. The wind and the cold.. 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 WebAt the Bismarck State College Foundation, we are fortunate to have the support of many individuals and organizations across our community, state, and beyond, to provide financial support to students so that they can pursue their education and reach their career goals. 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. He brokered oil-field equipment; he bought and sold leases; he jumped into the natural-gas market just as it was being deregulated. Its like guessing how many jelly beans are in a jar., The current recovery rates for Bakken reserves typically range from 1 to 6 percent, but recovery rates are a function of both technology and market prices. Down below, dust clouds were boiling around a convoy of trucks hauling frack water and equipment on a county road. I dont like North Dakota. Accordingly, the trial court was without authority to grant equitable relief under N.D.C.C. In the fall of 2011in Crosby, N.D., Continental Resources, the oil company with the most acreage leased in the basin, erected a self-congratulatory granite monument celebrating its work in the so-called Bakken Formation, the Williston Basin rocks that, as Continental put it, ushered in a new era in the American oil industry. The number of rigs drilling new wells in North Dakotas part of the basin reached a record 218 last May. Matt Kingsley, 23, center, and his friend Dan Bashore, 22, right, are from Grand Ledge, Mich. If United Energy's purchase of Coal Creek Station is finalized and announced in a couple of weeks, North Dakota leaders will undoubtedly point to the state as a pioneer that is working toward a way to keep its coal industry relevant in the face of pressure from progressive politicians and climate-change activists. Were smack-dab in the middle of an Indian reservation. Comprehensive company profiles. The company has 3 contacts on record. [26]As the reporter's note to American Law Institute, Principles of Corporate Governance: Analysis and Recommendations 5.05 (1994) states, in part: 1. [6]Jurassic's member control agreement, executed on January 26, 1998, provides in part: 3.08Additional Capital Contributions. at 862.10. But I wouldnt mind going and working somewhere that does pay for stuff like that.. Kevin Tschetter, 34, hauls water to and from active wells for KNS Enterprises. The parties may file comments with the Court and Special Master by November 16, 2001 pursuant to Rule 53(f)(5). WebNORTH DAKOTA DOMESTIC LIMITED-LIABILITY COMPANY - BUSINESS: WRITE REVIEW: Address: 919 S 7th St Ste 405 Bismarck, ND 58504-5835: Registered Agent: Loren R Kopseng: Filing Date: February 27, 2019: File Number: 0002711762: View People Named Loren Kopseng in North Dakota: Contact Us About The Company Profile For 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. Resides in Bismarck, ND. It was almost possible to imagine the land as it appeared to Lewis and Clark when the Corps of Discovery came up the Missouri in 1804 but only if you looked past the toy-size trucks crawling west on Interstate 94 with drill pipe and water tanks; and the locomotives lumbering east with hundred-unit trains of black oil-tanker cars in tow. 10-32-119. Night satellite photographs that were once pitch-black now show a massive gas flare luminance in the northwest corner of the state. [22]Jurassic was negotiating to acquire WBI properties before Jundt left Jurassic. 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. As they call them out here the oil-field trash., For my kids, what Im a little bit worried about is the development of housing, gas stations, schools, stores, well facilities and those kind of things, says Kevin Gieseke, 26,father of the newborn Sawyer, shown here. Includes Address(2) Phone(1) See Results. 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. WebThe Registered Agent on file for this company is Loren Kopseng and is located at 919 South 7th Street Suite 405, Bismarck, ND 58504. Kopseng is a conservative Republican, and like many North Dakotans, he includes government regulation in the same category of pleasant experiences as droughts, floods, grasshoppers and prairie fires. WebFind company research, competitor information, contact details & financial data for Jurassic Resources Development North America, LLC of Bismarck, ND. The Court intends through this equitable resolution that no party will be awarded costs and/or attorney fees. 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). Real-time trigger alerts. . Kopseng told the Times he turned things around in the mid-1980s after he met Mandan businessman Don Russell. 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. Karen V. Kopseng, 61, Bismarck, passed away Oct. 19, 2006, at Medcenter One, Bismarck. Liquidation and partition are not appropriate equitable remedies in this case. Id rather stay in a small town., Kevin Tschetter, 34, hauls water to and from active wells for KNS Enterprises. 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. Loren currently resides at 2750 Wilderness Cove Rd, Bismarck, ND. The members will be repaid their contributions at the time the present value of the proven reserves discounted by using the present value discounted at 30%; plus other assets of the company exceed the past capital contributions and any accrued future capital contributions plus interest calculated at the prime rate of BNC Bank of Bismarck. WebTop Result for Ryan Kopseng in Bismarck, ND 1 The best result we found for your search is Loren R Kopseng age 40s in Bismarck, ND in the Wachter's neighborhood. Karen V. Kopseng, 61, Bismarck, passed away Oct. 19, 2006, at Medcenter One, Bismarck. Later, they and others formed a number of other companies, including Rainbow Gas, Rainbow Energy, Montana Heartland, L.L.C. Keep an eye out for radio towers, Kopseng said over the headset. 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). 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. He struggled for five years, learning expensive lessons," the Times reported. 53 and there is no evidence establishing the special master's findings were clearly erroneous. By February 1999, there wasnt a single rig drilling new wells in the state, and oil development looked to be yet another cautionary tale in the familiar boom-and-bust history of the region no better than previous resource bonanzas at stemming the exodus of young people, or at halting the decline of prairie towns, or at doing much of anything to ameliorate the image of a place where the Legislature brooded over the icy connotations of the word North and twice entertained the idea of simply calling the state Dakota., Alex Brewer, 23, is a floor hand at Raven Drilling. 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. 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. Loren Kopseng 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. It transports by rail 82,000 barrels of oil a day to refineries. Officials calculate that each well in western North Dakota requires about 2,000 truck trips in its first year of operation. The two ranches he acquired are now part of Theodore Roosevelt National Park. The ratio of men to women is about 5 to 1. Get the latest business insights from Dun & Bradstreet. [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. Traffic used to be so scarce that drivers would wave as they passed an oncoming car; now there are record numbers of accidents. 13. Loren Kopseng. See Lussier v. Mau-Van Dev., Inc., 4 Haw.App. . If you drill to the east of that, youre dead.. The Members acknowledge that the Company will be treated as a partnership for tax purposes. One of the more curious aspects of oil development in North Dakota is that the people making arguments against rampant growth, environmental degradation and the messy business of extracting oil are somewhat few and far between, proverbial voices in the wilderness. I dont need to gamble because the oil and gas business is gambling. Jundt made no showing Jurassic had the financial ability to take the opportunity without additional investment of money or credit by the owners. [11]The parties stipulated to the appointment of a special master. 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. The Court intends through its equitable resolution to end all controversy among the parties so they can all get on with their own endeavors free and clear of any concern about anything anyone is doing with Jurassic.
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