They were visiting Dans father in Williston on their way to Big Sky, Mont., where Matt works at a ski resort. 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. 10-32-119(1) have been established. There was no showing of a corporate opportunity Jurassic had the financial ability to pursue. Two dozen horn-handed men were bent over their lunches in an airport-motel restaurant; the only women in the place were the waitresses. At the time, North Dakota was ranked ninth among U.S. oil-producing states. The defendants here asserted Jurassic lacked the financial ability to take advantage of the opportunity. 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. 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. Kopseng 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. What made people rethink the viability of the Bakken was horizontal drilling. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Through the efforts of the plaintiff and through the capital and loans provided by the corporate defendants, and through the efforts of the defendant Loren R. Kopseng, Jurassic Resources Development North America, L.L.C., a North Dakota Limited Liability Company, has acquired assets and value that are not entirely equitably offset by its debts. Across the highway, workers were pouring concrete for a new Fuel Force gas station and rolling out sod on a fresh tract of homes. The cases offer a variety of justifications for a corporation's rejection of an opportunity, including the corporation's financial inability to take the opportunity. Whether he could use them or not, I don't know. Jundt has failed to carry his burden of proof as what he has offered is far too speculative. At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. 10. Infinity nagged at the scale of things. 5. The cases offer varying bases for determining whether the corporate opportunity doctrine will be deemed applicable to a given factual situation. Ive had two different jobs. A.C. Petters Co., Inc. v. St. [8]The trial court found, among other things: 3. WebLOREN KOPSENG Agent 919 South 7th Street Suite 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. It buys and sells energy, in other words. Please try again. Guys dont care here if youre with someone or not. 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. That's why Lt. Gov. Co., 2002 ND 148, 5, 651 N.W.2d 683. 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. But oil development, and fracking in particular, raises little of the hue and cry it does in Eastern states sitting above the natural gas in the Marcellus shale. JUNDT v. Loren R. Kopseng, Defendant. (2004) | FindLaw It may also be that the lack of dissent reflects the way North Dakotans idealize themselves as more inclined to endure than to complain, certain it takes a special temperament to live in such forbidding country, where winters are brutal and culture is thin. 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. He is working to earn a G.E.D. WebLoren Kopseng Active Bismarck, ND Chairman for Rainbow Energy Marketing Corporation (701)222-4909 Overview 6 Companies 15 Connections 4 Locations Reviews. Loren has reached 74 years of age. Water trucks in the parking lot wore petticoats of mud. There was undisguised horror in Kopsengs voice when he realized I had been obliged to open an airsickness bag in the back seat. WebLoren Kopseng. 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. Many potions have been concocted to suppress the stuff. Copyright 2023, Thomson Reuters. Karen Victoria Kopseng (1945-2006) - Find a Grave Principal. Please enable javascript and refresh the page to continue reading local news. WebLoren Kopseng, the pilot of the Piper Cheyenne, brought the plane down at a little after 9 p.m. on the airport's secondary runway. They have also lived in Mandan, ND. North Dakotans are as proud of their Capitol as they are of their boom-based unemployment rate (3.2 percent, lowest in the nation), and many were stung when a Minnesota state legislator last spring compared it to the headquarters of an insurance company. He struggled for five years, learning expensive lessons. In truth, it seems less an assessment of what humanity can expect when it is done devouring the earths nonrenewable resources than a prayer that reflects a faith unique to the place where Link was born, faith that all those caved-in cabins, withered towns and stillborn dreams and whatever is left when the oil is gone can be redeemed. Loren Kopseng, Bismarck Public Records Instantly Apart from a few fanatics who sometimes turned up at midnight, the landmen would begin arriving at the courthouse around 6 a.m. It was crazy. . Court Records. 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 The land is as good and, in some cases, better than before.. The first horizontal well in the Bakken was spudded by Meridian Oil in 1987, long before the current boom. 6. Theres a kind of exhaustion thats in the air everywhere, says Soth, the photographer. 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.'". Down below, dust clouds were boiling around a convoy of trucks hauling frack water and equipment on a county road. Contact us. The initial members of Jurassic were Missouri River, Rainbow Gas, and Rainbow Energy. And then again in the late 70s, when the boom was driven by rising oil prices. 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. 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. Accordingly, the trial court was without authority to grant equitable relief under N.D.C.C. Im just born and raised in Minnesota, and I just dont care to move out there with all the commotion and things like that. Its hard to think of what oil hasnt done to life in the small communities of western North Dakota, good and bad. . 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. As a subscriber, you have 10 gift articles to give each month. A 2013 New York Times article on North Dakota's oil boom included a mini-profile of Kopseng In 2012 the company earned a net profit of $44.8 million on revenues of $5.7 billion. The ratio of men to women is about 5 to 1. In 1997 he and Russell consolidated various energy-related businesses into the privately held United Energy Corporation. (3)The members of the limited liability company are so divided in voting power that they have failed to elect successors to governors whose terms have expired or would have expired upon the election and qualification of their successors; (4)The limited liability company assets are being misapplied or wasted; or. 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.. The rigs, they dont shut down for anything out here. 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. 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. Kopseng The matter is remanded for further proceedings in accordance with this opinion. A dog inside a truck outside Hampton Inn and Suites, Williston, N.D. Customers waiting for Walmart to open. 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. People Search WebThe Registered Agent on file for this company is Kurt Batenhorst and is located at 20405 State Highway 249, Suite 850, Houston, TX 77070. Meridian engineers went down more than 10,000 feet and then burrowed sideways into a bed of Upper Bakken shale that was only eight feet thick. But its just happening too fast. They had names like Bakken Heights and Harvest Hills. Id. 4.01Tax Characterization and Returns. 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 WebLoren Kopseng, (701) 226-1617, Bismarck Public Records Instantly. Kopseng loren kopseng bismarck, nd Perm. 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. , 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. 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. [4]Jurassic's initial operating agreement executed on January 26, 1998, named the following individuals to Jurassic's Board of Governors: Jundt; Donald Russell, President of Missouri River; Loren Kopseng, President of Rainbow Gas; and Stacy Tschider, President of Rainbow Energy. This whole area was a field two years ago, he said. What challenges? Related To Stephanie Kopseng. New or freshly painted pump jacks were nodding over recent discoveries. After he married and started a family, it was his wifes friends who looked at him sideways. Yelp is a fun and easy way to find, recommend and talk about whats great and not so great in Bismarck and beyond. But with Russell handling the financial end, Kopseng began accumulating distressed oil and gas wells. The transient people are more the single guys. We put down at the Williston airport and hiked across a dirt lot full of mud-caked water trucks. Ryan Kopseng Completion of Coal Creek sale marks 'day of - Bismarck Tribune Questions Post Question There are no questions yet for this company. Karen Kopseng It has minted millionaires, paid off mortgages, created businesses; it has raised rents, stressed roads, vexed planners and overwhelmed schools; it has polluted streams, spoiled fields and boosted crime. WebTop 2 Results for Loren 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. Its new life, new families moving in. 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. Its a very solitary existence, being up there. , He seemed stunned by the pace of change; or maybe just exhausted.