loren kopseng bismarck, nd

. We arent going to do anything to jeopardize it. 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. The cases and commentators generally recognize the existence of a rule or doctrine of corporate opportunity, although there is confusion as to the manner in which it is to be applied. The cases offer varying bases for determining whether the corporate opportunity doctrine will be deemed applicable to a given factual situation. [2]In 1984, Loren Kopseng and Donald Russell formed Missouri River. 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). Copyright 2023, Thomson Reuters. 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. Great River Energy has said the potential buyer would purchase the power plant along with the attached high-voltage transmission line. 10-32-119(2) been established. The company's principal address is 919 S 7th Street Suite 405, Bismarck, ND 58504-5835. 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. Jundt has failed to carry his burden of proof as what he has offered is far too speculative. We tried to diversify our economy and create more permanent jobs. Court Records. If you feel you have received this message in error, please contact the customer support team at 1-833-248-7801. The best result we found for your search is Dawn M Kopseng age 50s in Mandan, ND. The debts of the company exceed the appraisal value determined by the Special Master as of November 27, 2001. Reviews. North Dakotans are among the most prudent people in North America even amid record surpluses, the electorate last year rejected a proposal to abolish property taxes and their history tells them that after the tumult of a boom, the landscape, in the words of former Gov. 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. Shallow gas leases were acquired and developed into production in Montana through the efforts of the plaintiff and capital and loans contributed by the corporate defendants, as well as the efforts of the defendant Loren R. Kopseng. Mike McFeely is a columnist for The Forum of Fargo-Moorhead. [7]Jundt sued to enforce his right to 4,925 membership units of Jurassic, and alleged Kopseng and the corporate defendants breached their obligation of good faith to Jundt and violated their fiduciary duties to Jurassic by, among other things, diverting a business opportunity belonging to Jurassic by acquiring property from WBI for Montana Heartland, which is owned by Jurassic's corporate members, rather than Jurassic. 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. Plane makes emergency landing at Bismarck airport And then again in the late 70s, when the boom was driven by rising oil prices. It was with a touch of truant glee that Kopseng skipped out of his office to fly me around the oil fields on a windy morning last spring. People arent interested in stepping back.. 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. . 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. 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. 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. WebRelated To Sander Kopseng, Stephanie Kopseng, Loren Kopseng, Dawn Kopseng. [3]Jundt left his position with Williston Basin Interstate Pipeline Company (WBI) in 1997 and became an employee of Rainbow Gas. Curtis D. JUNDT, Plaintiff, Appellee and Cross-Appellant, v. JURASSIC RESOURCES DEVELOPMENT, North America, L.L.C., a North Dakota limited liability company, Missouri River Royalty Corp., Rainbow Gas Company, Rainbow Energy Marketing Corp., Defendants, Appellants and Cross-Appellees, Loren R. Kopseng, Defendant. 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. The defendants here asserted Jurassic lacked the financial ability to take advantage of the opportunity. 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. 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. Valuable research and technology reports. "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. I said I was just going to coast into retirement, and then all hell broke loose, says Walt Peterson, the Williston district engineer for the highway department. Many were production wells weathered pump jacks pulling up oil (or natural gas and natural-gas liquids) from holes drilled over the years. 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. 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. Jeremy (Tex) Loughran, 17, moved from Del Rio, Tex., and enrolled in high school in Williston. I had a lot of lemonade wells, he sighed. We kind of liken it to being in the military, you know. Concerns about the expenditure of company funds in the fall of 1998 led to action by the Board of Governors on February 22, 1999, which in turn led to the plaintiff's departure from the company. [8]The trial court found, among other things: 3. [29] WILLIAM A. NEUMANN, Acting C.J., JAMES M. BEKKEN,* D.J., MARY MUEHLEN MARING, and DALE V. SANDSTROM, JJ, concur. [26]As the reporter's note to American Law Institute, Principles of Corporate Governance: Analysis and Recommendations 5.05 (1994) states, in part: 1. (By Mr. Kuntz continuing) The other owners wouldn't be entitled to take those write-offs after he had earned his interest just because Mr. Jundt couldn't use them; would they? U.E.C. The trial court awarded Jundt $300,000 for his membership units in Jurassic. 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. 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.). ADDITIONAL LINKS Post Question For This Company Contact Us Regarding Your Company Profile Learn About Our Pro Search 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. 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. Kopseng 3 Fletcher Cyc. Koeser, a 63-year-old former math teacher whose grandfather came to North Dakota to farm in 1901, started a communications company that sold field radios during the oil boom of the early 80s. Down below, dust clouds were boiling around a convoy of trucks hauling frack water and equipment on a county road. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. That's why Lt. Gov. Russell, who died in 2011, also wanted to get into oil and gas. WebLoren Kopseng, (701) 226-1617, Bismarck Public Records Instantly. Previously city included Mandan ND. And one wore a green hard hat I guess when youre new you get called a worm on the rig.. 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. 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. Financial inability justifies a corporation in rejecting an opportunity. Under any test, a corporate opportunity exists when a proposed activity is reasonably incident to the corporation's present or prospective business and is one in which the corporation has the capacity to engage. Phone number, address, and email on Spokeo, the leading people search directory for contact information and public records. Estimates have been continuously revised upward since a 1974 figure of 10 billion barrels. [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. Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: KOPSENG, LOREN R BISMARCK, ND 58503: UNITED Theres a kind of exhaustion thats in the air everywhere, says Soth, the photographer. 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. North Dakota Went Boom - The New York Times 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 Stay up-to-date with how the law affects your life. [16]Jundt and the defendants told the trial court they wanted to sever their business relationship. Night satellite photographs that were once pitch-black now show a massive gas flare luminance in the northwest corner of the state. Dynamic search and list-building capabilities. WebCompany Contacts LOREN KOPSENG Officer 919 S 7th St Unit 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. Kopseng Memorial services will be held at 2 p.m. Saturday, Oct. 21, at Trinity Jundt cross-appealed from the judgment; a December 5, 2000, amended order on summary judgment motions; an October 12, 2000, order on a summary judgment motion; and a December 13, 2001, amended memorandum opinion and unchanged findings of fact, conclusions of law, and order for judgment. Its a very solitary existence, being up there. But with Russell handling the financial end, Kopseng began accumulating distressed oil and gas wells. But I wouldnt mind going and working somewhere that does pay for stuff like that.. It transports by rail 82,000 barrels of oil a day to refineries. Most of the Bakken oil is tight. The rocks are not porous and permeable enough for the oil to flow on its own. WebTop Result for Dawn Kopseng. Select this result to view Dawn M Kopseng's phone number, address, and more. Arthur A. Devon Fox (foreground) and Taven Fox (background) near New Town, N.D., at Fort Berthold Indian Reservation. The plaintiff's claims against the defendant Loren R. Kopseng are DISMISSED WITH PREJUDICE. UNITED ENERGY TRADING LLC The first horizontal well in the Bakken was spudded by Meridian Oil in 1987, long before the current boom. Even though youre with your man, youre holding his hand or whatever, theyll still stare. Zachary (center): Shes a beautiful girl, so Ive always got that, like all the guys constantly hitting on her. 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. They have also lived in Mandan, ND. 7. KOPSENG LOREN - Kirkwood Office Towe, Bismarck, ND - Yelp Every 1 percent increase in the rate of recovery means another billion barrels.. 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. The order also provided: The Special Master shall submit its draft report and preliminary appraisals to the parties for comment by November 9, 2001. WebThe Registered Agent on file for this company is Kurt Batenhorst and is located at 20405 State Highway 249, Suite 850, Houston, TX 77070. Lawmakers passed several bills meant to buoy the coal industry 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. 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. Kopseng A construction water tank at a new home development west of Williston. until finally you get out at some windswept intersection and gratefully fall on the fellowship of a dog-faced bar with a jukebox of songs about people on their way to somewhere else. 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. 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 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. Loren Kopseng in Bismarck, ND - Address & Phone If you drill to the east of that, youre dead.. The edge of the thermally mature part of the oil field. But you just got so much influx from Texas, Louisiana, Pennsylvania, California, and people are just rude and inconsiderate. The wind and the cold.. WebAddress: 919 S 7TH St Ste 405 Bismarck, ND, 58504-5835 United States See other locations Phone: ? The twice-a-month town-commissioner meetings that used to take 45 minutes can now run from 6 p.m. to midnight. He struggled for five years, learning expensive lessons. 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. Loren is related to Sander Kopseng and Stephanie Nicole Peterson as well as 3 additional people. 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, What may be even more remarkable than the growth of the past two years is the extent to which the oil comes from one group of rocks. A 2013 New York Times article on North Dakota's oil boom included a mini-profile of Kopseng WebKopseng Loren in Bismarck, reviews by real people. hasnt drilled a well of its own since 1998, but today it holds a nonoperating interest in close to 2,000 oil and gas wells. They have been through this before, the people of North Dakota, first in the 60s, a decade after oil was discovered in the state. Originally from South Dakota, he was meeting with other KNS employees at the Scenic 23 Club in New Town. 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.. [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. 4. Many potions have been concocted to suppress the stuff. Co., 2002 ND 148, 5, 651 N.W.2d 683. North Dakotas last oil boom, 30 years ago, collapsed so quickly when prices crashed that workers in the small city of Dickinson left the coffee in their cups when they quit their trailers. And when we are through with that and the landscape is quiet again, when the draglines, the blasting rigs, the power shovels and the huge gondolas cease to rip and roar. Guys dont care here if youre with someone or not. 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.

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