WebTop Result for Dawn Kopseng. We may head closer to Bismarck, you know. I think the only oil-field one Ive done is this guy who got a bunch of worms on his arm. We have 800 to 900 new houses coming onto the city tax rolls by the end of the summer, Koeser told me as we drove around some of the embryonic neighborhoods. The timing might not have seemed auspicious; companies were quitting the Williston Basin, unable to sell their product for more than it cost to produce. 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. Also known as: Loren Roy Kopseng, Loran R Kopseng, Loren Konseng. . The chances are good. at 22. [10]Jurassic, Missouri River, Rainbow Gas, and Rainbow Energy contend the district court abused its discretion in awarding Jundt $300,000 as an equitable remedy. More than a third of the gas that comes out of the oil wells in the basin was being flared off, but that percentage is declining as pipelines and facilities to process it come online. 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. WebView Loren Kopseng results including current phone number, address, relatives, background check report, and property record with Whitepages. BISMARCK It's not like Loren Kopseng vehemently denied the company he runs, United Energy, is buying Coal Creek Station. 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. 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. 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. Missouri River, Rainbow Gas, and Rainbow Energy invested money in Jurassic, and were issued a total of 10,000 membership units. In 1984, at a particularly low ebb, he met Don Russell, a merchant from Mandan, whod done well in the not-obviously-related businesses of peddling tires and packing meat. Last February he wrote in The Bismarck Tribune that the states politicians were not hearing what everyday people out here are saying that is, stop the oil madness wreaking havoc with the land, wildlife and Western heritage weve long cherished. Not long before, the Crosby Journal editor Cecile Krimm called the region an economic disaster area, citing swamped sewage systems, crumbling roads, dizzy rents and labor shortages as reasons that officials ought to be trying to brake a runaway train. 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. It feels as hard as a flagstone terrace. 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. Jundt, the only individual or entity claiming diversion of a Jurassic corporate opportunity, owns fewer than one-third of the membership interest units in Jurassic. United Energy is part of the Energy, Utilities & Waste industry, and located in North Dakota, United States. Theres a kind of exhaustion thats in the air everywhere, says Soth, the photographer. 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. , while the attached Falkirk Mine, operated by North American Coal, supports several hundred more jobs. 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. Every time we went out to a bar or anything like that, we were getting offered jobs for the oil, Kingsley says. 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. employs almost 250 people On Friday and Saturday nights, it gets so crowded that they open up a lower floor. Coal Creek Section 10-32-119(4), N.D.C.C., provides all members in a closely held limited liability company owe one another a duty to act in an honest, fair, and reasonable manner in the operation of the limited liability company. [T]he fiduciary obligation of undivided loyalty imposed upon directors and officers precludes them from appropriating a business opportunity which belongs to the corporation. Joseph W. Bishop, Jr., The Law of Corporate Officers and Directors 3.05 (2002). 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. A more typical attitude is represented by Harold Hamm, chief executive of Continental Resources. Jenkinson, a humanities professor, is a North Dakota author and columnist best known for his impersonation of Thomas Jefferson on public radio. Generally the formation was too thin to provide a worthwhile pay zone for a vertical well. 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. Relatives & Associates. By 1997, Russell and Kopseng consolidated several energy businesses into United Energy. Jundt is not an owner of Montana Heartland. In the dead of winter, it would still be dark and often 20 or 30 below zero, and because the courthouse didnt open until 7:30, the landmen would leave their briefcases outside the entrance, on the steps, in the order they arrived. Loren has reached 74 years of age. TermsPrivacyDisclaimerCookiesDo Not Sell My Information, Begin typing to search, use arrow keys to navigate, use enter to select, Stay up-to-date with FindLaw's newsletter for legal professionals. 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. 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. Id rather stay in a small town., Kevin Tschetter, 34, hauls water to and from active wells for KNS Enterprises. Theres no way to be right. Many were production wells weathered pump jacks pulling up oil (or natural gas and natural-gas liquids) from holes drilled over the years. coach Phil Jackson. Apostles of Bakken gold insist that whats different this time is that this time is different, the history of frontier avarice notwithstanding. The technique is more exact now. Accordingly, the trial court was without authority to grant equitable relief under N.D.C.C. Jundt has failed to carry his burden of proof as what he has offered is far too speculative. 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. In July 2012, monthly oil output reached 20.97 million barrels, and North Dakota was the largest oil producer in the country after Texas. It has ginned up an unreleased reality show called Boomtown Girls, which follows the lives of five bold and brave sisters in the formerly drowsy farm center of Williston, N.D. Williston, whose population has tripled in the past 10 years, lies in the middle of the 150,000-square-mile Williston Basin, a depression in the crust of the earth that geologists now believe contains one of the largest oil fields in the world. The corporate defendants own two-thirds of the membership interest units. . In his bag are clothes for his two-week rotation. [21]We conclude the trial court's finding the parties agreed the money investors were to get all the tax write-offs is clearly erroneous, and the trial court erred in ruling Jundt was not entitled to claim any of the tax write-offs. 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. 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 . Petroleum geologists have known the cookie was full of light, sulfur-free oil since 1953, but they didnt know exactly how much or how to extract it economically. The twice-a-month town-commissioner meetings that used to take 45 minutes can now run from 6 p.m. to midnight. Ed.). But its also geology, chemistry, business. 10-32-119(2) been established. Every master plan the city has prepared is obsolete by the time its printed. [16]Jundt and the defendants told the trial court they wanted to sever their business relationship. And one wore a green hard hat I guess when youre new you get called a worm on the rig.. at 862.10. This is the Big One that North Dakota has been waiting for for more than a century. 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. 10-32-119(1) authorizes a court to grant such equitable relief in only limited circumstances: 1. As the Husky droned west, the land began to change, growing drier, farms giving way to ranches. Its hard to say whether the hope and grandeur of that vision are deeper than its delusions. Kopseng took pictures hed done all the aerial photography for U.E.C.s annual report. It was crazy. Originally from South Dakota, he was meeting with other KNS employees at the Scenic 23 Club in New Town. 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. Please try again. Youd like to have more time to think things through, but everybody is in such a rush.. 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. In a supervised voluntary winding up and termination pursuant to section 10-32-118; b. Loren Kopseng Bismarck, ND. 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. WebLoren Kopseng, (701) 226-1617, Bismarck Public Records Instantly. Loren Kopseng, Ryan Kopseng. 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. [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. Please enable javascript and refresh the page to continue reading local news. The trial court concluded, among other things: 12. 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. Mr. G's Turtle Mtn. They have also lived in Queen Creek, AZ and Bismarck, ND. 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. 6. 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. Reputation Score: 1.70-3.81. At that moment, 209 rigs were drilling fresh holes. 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. Differences arose and Jundt left in 1999. Just the other day, Saturday night, I went to bed at 10 oclock, got up at 10:45, had to drive in a snowstorm four hours to Scobey, Mont., pick up a tool and drive it all the way down to Watford City. He works for eight days, then takes six off. But with Russell handling the financial end, Kopseng began accumulating distressed oil and gas wells. Meanwhile you can send your letters to PO BOX 837, BISMARCK, ND, 58502-0837. Some of the most tangible effects of the boom have been tattooed into the roads. WebLoren was born on 06.25.47. The westward march of American industry was written in the quarters of plowed earth and section line roads, in the power-transmission towers and smoke-signal steam puffs drifting from a Tesoro refinery; it was visible even on the far horizon, at the edge of a fretted but still bracing emptiness, in the shape of giant windmills and the silhouette of a coal gasification plant. But under ultraviolet light, you can see telltale oil shows, and it has a faint smell of diesel fuel. He is working to earn a G.E.D. [25]This Court has not ruled on the corporate opportunity doctrine. We crossed the Missouri River, the plane beating on above a sea of grass. 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. 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. The debts of the company exceed the appraisal value determined by the Special Master as of November 27, 2001.
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