The initial members of Jurassic were Missouri River, Rainbow Gas, and Rainbow Energy. Doug Burgum visit on Monday at the event to celebrate the closing of the sale of Coal Creek Station to . 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. . Mike McFeely is a columnist for The Forum of Fargo-Moorhead. Loren Kopseng is a resident of ND. The only problem you got is if you move in with somebody that you dont like very much. 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. 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. 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 best result we found for your search is Dawn M Kopseng age 50s in Mandan, ND. 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. 10-32-119(1) have been established. But under ultraviolet light, you can see telltale oil shows, and it has a faint smell of diesel fuel. After Jundt left Jurassic, Montana Heartland acquired the properties. They have also lived in Mandan, ND. All rights reserved. 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. A.C. Petters Co., Inc. v. St. He was elected to the Board of Commissioners in 1994 and returned to office five times. Brent Sanford spearheaded a high-priority effort to find a buyer to keep the plant operating. See Lussier v. Mau-Van Dev., Inc., 4 Haw.App. A decade ago you could have spread a picnic blanket on a lot of back roads in western North Dakota and safely taken a nap. Right now our best guess is there are 169 billion barrels of oil in the Bakken, and thats undoubtedly wrong, says Ed Murphy, state geologist at the North Dakota Geological Survey. [19]The trial court found: 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. The court explained in its memorandum opinion: Jundt as the owner of 4,925 units of Jurassic since March 9, 2000, (Exhibit 436), claims he should have received (and presumably should continue receiving) about one-third of the tax benefits claimed by the three corporate defendants Jundt refused to provide CPA Nitschke with his tax returns as he refused to provide them to the defendants Without Jundt's personal tax information the impact of this tax benefit cannot be accurately calculated nor can its impact on Jundt's taxes be determined. Whether he could use them or not, I don't know. After he married and started a family, it was his wifes friends who looked at him sideways. Jenkinson, a humanities professor, is a North Dakota author and columnist best known for his impersonation of Thomas Jefferson on public radio. [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. I tried for almost a year to apply online and calling people and no one would hire me. 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. 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 . To assess the impact, the state highway department has a special van that drives around with an onboard computer, an infrared detector and six cameras and produces a ride rating for every mile of the regions highways; the higher the number, the worse the ride. WebLoren Kopseng, (701) 226-1617, Bismarck Public Records Instantly. Missouri River, Rainbow Gas, and Rainbow Energy invested money in Jurassic, and were issued a total of 10,000 membership units. [15]The defendants contend Jundt waived his right to challenge the special master's determination by failing to provide the special master any evidence he possessed that Jurassic had a higher value. They argue Jundt should not have been allowed to challenge the special master's findings at trial, because he did not file objections' to the report by November 27, 2001. However, on November 27, 2001, the first day of trial, the trial court noted the time for objecting was still running.. 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. 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. 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. "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. Accordingly, the trial court was without authority to grant equitable relief under N.D.C.C. 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. 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. But its just happening too fast. Executive Vice President at United Energy . Under any of the theories, Jundt has failed to meet his burden. ADDITIONAL LINKS Post Question For This Company Contact Us Regarding Your Company Profile All Companies Named UET WebLOREN KOPSENG Manager, Member 919 S 7th St Suite 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. 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. The cases offer varying bases for determining whether the corporate opportunity doctrine will be deemed applicable to a given factual situation. 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. 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. WebRelated To Sander Kopseng, Stephanie Kopseng, Loren Kopseng, Dawn Kopseng. And then they would go back to their cars and trucks to wait with the engines running, their faces wreathed in coffee steam. Koeser pulled over in the middle of a neighborhood that was nothing but curbs and driveways and empty lots. 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. 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 rain lifted outside Stanley at the junction of Route 2 and Highway 8 stretches of which had the worst road ratings in the state. 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. (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. With the best technology, we can recover 4 to 8 out of every 100 barrels of oil in the Bakken, says Ron Ness, president of the North Dakota Petroleum Council. They have been through this before, the people of North Dakota, first in the 60s, a decade after oil was discovered in the state. Spending all the money? Hamm, who is known as the Baron of the Bakken by virtue of having more than a million acres leased for drilling, led Mitt Romneys energy committee, which proposed giving states control of oil leases on federal lands. I love it. employs almost 250 people Theres a lot of other people out there that are still living in trailers and stuff. 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. 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. Loren is related to Sander Kopseng and Loren Roy Kopseng as well as 3 additional people. 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. Johnson, 21, commutes nine hours from Pennock, Minn., where hes from, to North Dakota to work in construction. Ryan Kopseng is an Executive Vice President at United Energy based in Bismarck, North Dakota. 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. Reviews. Many potions have been concocted to suppress the stuff. 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 The defendants contend the trial court abused its discretion in awarding Jundt $300,000. It has fitted highways with passing lanes and rumble strips. The downtown area was struggling for 25 years. 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. The plaintiff and the defendants no longer have a business relationship that will allow them to work together. Why United Energy? I get to live every 5-year-old-kids dream. Monthly oil production, which peaked in 1984 at 4.6 million barrels, fell to half and then went sideways for nearly a quarter-century. This whole area was a field two years ago, he said. We got new trailers that we live in. 4. The company has 3 contacts on record. It has confounded kids running lemonade stands: 50 cents a cup but your customer has only hundreds in his payday wallet. 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. Pickup trucks were waiting in long lines for drive-through dinners at Hardees. 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. Copyright 2023, Thomson Reuters. My husband and I both grew up as military kids, so were just doing whats gotta be done to help us move forward.. [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. Across the highway, workers were pouring concrete for a new Fuel Force gas station and rolling out sod on a fresh tract of homes. They had names like Bakken Heights and Harvest Hills. Co., 2002 ND 148, 5, 651 N.W.2d 683. [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. 359, 667 P.2d 804, 813 (1983) (Where company president disclosed opportunity to purchase property to shareholders, company was financially incapable of making the purchase, shareholders failed to object to president's purchase of the property, [t]he only reasonable inference from such facts is an implied consent by the shareholders.). Two dozen horn-handed men were bent over their lunches in an airport-motel restaurant; the only women in the place were the waitresses. Id. Its a very solitary existence, being up there. 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. 3 Fletcher Cyc. A. Reputation Score: 1.70-3.81. 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. Traffic used to be so scarce that drivers would wave as they passed an oncoming car; now there are record numbers of accidents. They were visiting Dans father in Williston on their way to Big Sky, Mont., where Matt works at a ski resort. The land is as good and, in some cases, better than before.. Later, they and others formed a number of other companies, including Rainbow Gas, Rainbow Energy, Montana Heartland, L.L.C. 15. Young people were leaving and not coming back, and farmers were moving to town and retiring. But I wouldnt mind going and working somewhere that does pay for stuff like that.. Doug Burgum deferred questions about Coal Creek to Great River Energy, which declined comment citing nondisclosure agreements with potential buyers. The judgment and orders appealed from are otherwise affirmed. Kopseng took pictures hed done all the aerial photography for U.E.C.s annual report. But its also geology, chemistry, business. At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. Ryan V Kopseng, 46. While critics believe giving tens of millions of dollars to the coal industry is throwing good money after bad to an energy sector that will inevitably die, I hate the wind. Loren currently resides at 2750 Wilderness Cove Rd, Bismarck, ND. 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. 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. Theres so many companies that are providing housing. In his bag are clothes for his two-week rotation. Home sales dipped 20% in Fargo-Moorhead. Ryan Kopseng has been working as a Executive Vice President at United Energy for 9 years. "'I had a lot of lemonade wells,' he sighed. Ed.). . 2. Originally from South Dakota, he was meeting with other KNS employees at the Scenic 23 Club in New Town. 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. Mickie Riley, 40, second from right, with her family in their trailer in Williston. 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. He struggled for five years, learning expensive lessons. Its been called North Dakotas Gettysburg Address., We do not want to halt progress, the governor said. But they had to have the tool there, you know?. But with Russell handling the financial end, Kopseng began accumulating distressed oil and gas wells. Certain grades of sand or sometimes proppant made of ceramic beads are matched to certain kinds of rock, and the wells are fracked in stages, as many as 40 stages per well. 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. According to United's website, it "purchases, transports, stores and sells over 1 million barrels of crude oil per day.". Now people dont think that number is as crazy as it seemed. The evidence must be viewed in the light most favorable to the party opposing the motion, and that party will be given the benefit of all favorable inferences which can reasonably be drawn from the evidence. No member shall have any obligation to make additional capital contributions to the Company or to fund, advance, or loan monies which may be necessary to pay deficits, if any, incurred by the Company during the term hereof. Keep an eye out for radio towers, Kopseng said over the headset. 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.