loren kopseng bismarck, ndvermont town wide yard sales
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. Jenkinson, a humanities professor, is a North Dakota author and columnist best known for his impersonation of Thomas Jefferson on public radio. We circled around the southern end of the basin above Dickinson, then flew west and north above the willows in the ravines and coulees of the Little Missouri River. And then they would go back to their cars and trucks to wait with the engines running, their faces wreathed in coffee steam. 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. He left a comfortable life in Newport Beach, Calif., to get into the oil business and hopes to buy land one day. I love it. Youd like to have more time to think things through, but everybody is in such a rush.. Whether that something is news about United Energy or one of its subsidiaries like Rainbow Energy saving Coal Creek remains to be seen. After he married and started a family, it was his wifes friends who looked at him sideways. It was crazy. 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. 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. 14. 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. After he married and started a family, it was his wifes friends who looked at him sideways. Below was the country of the Missouri Slope, where homesteaders discovered the fallacy that rain followed the plow. Sometimes there were more than 20 briefcases filed on the courthouse steps. Curtis D. JUNDT, Plaintiff and Appellant, v. JURASSIC RESOURCES DEVELOPMENT, NORTH AMERICA, L.L.C., a North Dakota limited Just how much oil is in the Bakken is still unknown. Section 10-32-86(1), N.D.C.C., requires a governor of a limited liability company to discharge his or her duties in good faith. [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. Every time we went out to a bar or anything like that, we were getting offered jobs for the oil, Kingsley says. 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. Im just born and raised in Minnesota, and I just dont care to move out there with all the commotion and things like that. 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 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. The transient people are more the single guys. Mickie Riley, 40, second from right, with her family in their trailer in Williston. And then suddenly there were oil wells. 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 [29] WILLIAM A. NEUMANN, Acting C.J., JAMES M. BEKKEN,* D.J., MARY MUEHLEN MARING, and DALE V. SANDSTROM, JJ, concur. 53 and there is no evidence establishing the special master's findings were clearly erroneous. Missouri River Royalty Corp Company Profile | Bismarck, ND While coal backers have touted carbon capture and storage as a path to continued viability, it has never worked on a large commercial scale. Loren has reached 74 years of age. I love construction and new buildings. We may head closer to Bismarck, you know. state leaders are championing the idea North Dakota could become a world leader in carbon-capture technology 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. Resides in Bismarck, ND. 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. 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. 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. Anyone can read what you share. Loren Kopseng - $5,400 in Political Contributions for 2010 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. This is the boom being managed by local people certain they know how to look after their interests and safeguard the land they live on. Perm. Keep an eye out for radio towers, Kopseng said over the headset. 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. Kopseng If you drill to the east of that, youre dead.. We do not plan to be selfish and say, North Dakota will not share its energy resources. . 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. He began working for The Forum in the 1980s while he was a student studying journalism at Minnesota State University Moorhead. Gloria Fronk Sun Lakes, AZ. 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 land is as good and, in some cases, better than before.. 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. Its been called North Dakotas Gettysburg Address., We do not want to halt progress, the governor said. A more typical attitude is represented by Harold Hamm, chief executive of Continental Resources. . You wont find a better ambassador of what the oil industry calls the play in western North Dakota than Loren Kopseng. 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.'". 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 company has 3 contacts on record. Real-time trigger alerts. 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. . WebLOREN KOPSENG Agent 919 South 7th Street Suite 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. We crossed the Missouri River, the plane beating on above a sea of grass. Yelp is a fun and easy way to find, recommend and talk about whats great and not so great in Bismarck and beyond. Devon Fox (foreground) and Taven Fox (background) near New Town, N.D., at Fort Berthold Indian Reservation. [22]Jurassic was negotiating to acquire WBI properties before Jundt left Jurassic. Dynamic search and list-building capabilities. Its hard to think of what oil hasnt done to life in the small communities of western North Dakota, good and bad. 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. 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. It has confounded kids running lemonade stands: 50 cents a cup but your customer has only hundreds in his payday wallet. 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. The Bakken today contains some of the longest horizontal wells in the world, laterals that extend as far as three miles from the drill pad to otherwise unreachable oil under Lake Sakakawea or beneath the Williston airport. United Energy is part of the Energy, Utilities & Waste industry, and located in North Dakota, United States. 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. WebAddress: 919 S 7TH St Ste 405 Bismarck, ND, 58504-5835 United States See other locations Phone: ? Or that he denied it at all. Learn more about FindLaws newsletters, including our terms of use and privacy policy. Now. The company's principal address is 919 S 7th Street Suite 405, Bismarck, ND 58504-5835. What challenges? He just didn't confirm it. We, therefore, conclude the trial court abused its discretion in ordering the corporate defendants to pay Jundt $300,000 in exchange for his membership interest units as an equitable remedy. 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. loren kopseng bismarck, nd . The technique is more exact now. Every day is different.. I dont like North Dakota. [3]Jundt left his position with Williston Basin Interstate Pipeline Company (WBI) in 1997 and became an employee of Rainbow Gas. [A] director is not required to use his or her own money or credit to finance the business of the company. Id. 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. BISMARCK It's not like Loren Kopseng vehemently denied the company he runs, United Energy, is buying Coal Creek Station. WebThe second best result is Loren R Kopseng age 40s in Bismarck, ND in the Wachter's neighborhood. Oil has financed multimillion-dollar recreation centers and new hospital wings. Copyright 2023, Thomson Reuters. 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. 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. 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. . In July the World Bank reported that flared gas from the Williston Basin was the main reason the United States has jumped to 5th from 14th (behind Russia, Nigeria, Iran and Iraq) on the list of gas-flaring nations. Coal Creek, presumably, would provide energy United could sell to one of two electricity grids in close proximity. Landowners have land rights but dont always have rights to whats underneath it, the minerals. 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. But I wouldnt mind going and working somewhere that does pay for stuff like that.. [2]In 1984, Loren Kopseng and Donald Russell formed Missouri River. The order also provided: The Special Master shall submit its draft report and preliminary appraisals to the parties for comment by November 9, 2001. The biggest danger on many dirt and gravel roads is blinding plumes of dust. Valuable research and technology reports. AVERAGE AGE. Monthly oil production, which peaked in 1984 at 4.6 million barrels, fell to half and then went sideways for nearly a quarter-century. 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. 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.