Lodge, Inc. v. Roland Township, 2002 ND 140, 21, 651 N.W.2d 625 (citations omitted). South of the river, the boundary was marked by Highway 49. Bismarck Relatives & Associates. [29] WILLIAM A. NEUMANN, Acting C.J., JAMES M. BEKKEN,* D.J., MARY MUEHLEN MARING, and DALE V. SANDSTROM, JJ, concur. 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. The oil company He struggled for five years, learning expensive lessons. All of which may explain the shock of coming around a bend and suddenly finding a derrick illuminated at night, or a gas flare framed by stars, or dozens of neatly ranked trailers in a man camp, or a vast yard of drill pipe, or a herd of water trucks, or tracts of almost-finished single-family homes with Tyvek paper flapping in the wind of what just yesterday was a wheat field. Below was the country of the Missouri Slope, where homesteaders discovered the fallacy that rain followed the plow. 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 Curtis D. JUNDT, Plaintiff and Appellant, v. JURASSIC RESOURCES DEVELOPMENT, NORTH AMERICA, L.L.C., a North Dakota limited [23]We recently reiterated the test for resolving a motion for summary judgment: Summary judgment is a procedural device for promptly and expeditiously disposing of an action without a trial if either party is entitled to judgment as a matter of law and if no dispute exists as to either the material facts or the inferences to be drawn from undisputed facts, or if resolving factual disputes will not alter the result. Its the center of the culture, in a lot of ways.. They left Montana to find work. The trial court concluded, among other things: 12. Matt Kingsley, 23, center, and his friend Dan Bashore, 22, right, are from Grand Ledge, Mich. Corps. 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. . The trial court awarded Jundt $300,000 for his membership units in Jurassic. The law has long recognized the doctrine of corporate opportunity which prohibits one who occupies a fiduciary relationship to a corporation from acquiring, in opposition to the corporation, property in which the corporation has an interest or tangible expectancy or which is essential to its existence. 3 Fletcher Cyc. KOPSENG LOREN - Kirkwood Office Towe, Bismarck, ND - Yelp 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. , 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. Loren Kopseng. 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. Differences arose and Jundt left in 1999. 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. 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. Originally from South Dakota, he was meeting with other KNS employees at the Scenic 23 Club in New Town. [9]The corporate defendants appealed, contending the trial court abused its discretion in awarding Jundt $300,000 as an equitable remedy. [18]Jundt contends the trial court erred in ruling he was not entitled to tax write-offs flowing from his interest in Jurassic. 10-32-119(1) have been established. at 22. The dust busters in Williams County discovered that spraying a soy-based oil works well, but it isnt practical because it makes the roads taste so good that cows come out of the fields and try to eat them. Some well sites were tucked in the lee of ravines or perched on bluffs or strung out along the line of a county road, one per mile, like square coasters on a bar. Approached from the side with a horizontal shaft, the reservoir rock could be contacted for thousands of feet rather than for the hundred or so feet a vertical well would afford. 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. 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. Loren has reached 74 years of age. Get the latest business insights from Dun & Bradstreet. The wind and the cold.. The Special Master shall file its final report and appraisals with the Court on November 26, 2001 and serve copies on the parties The parties shall advise the Court on November 27, 2001 if they intend to file objections to the Report pursuant to Rule 53(f)(2). Or that he denied it at all. A party opposing summary judgment must present evidence raising an issue of material fact. WebSupreme Court of North Dakota. A.C. Petters Co., Inc. v. St. Kopseng told the Times he turned things around in the mid-1980s after he met Mandan businessman Don Russell. This practice raises the atmospheric levels of carbon dioxide, the gas primarily responsible for global warming. 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 the fall of 2011in Crosby, N.D., Continental Resources, the oil company with the most acreage leased in the basin, erected a self-congratulatory granite monument celebrating its work in the so-called Bakken Formation, the Williston Basin rocks that, as Continental put it, ushered in a new era in the American oil industry. The number of rigs drilling new wells in North Dakotas part of the basin reached a record 218 last May. Karen Victoria Kopseng (1945-2006) - Find a Grave Bismarck Loren Kopseng, Ryan Kopseng. Phone number, address, and email on Spokeo, the leading people search directory for contact information and public records. Loren Kopseng - Address & Phone Number | Whitepages 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. Liquidation and partition are not appropriate equitable remedies in this case. There was undisguised horror in Kopsengs voice when he realized I had been obliged to open an airsickness bag in the back seat. WebThe Registered Agent on file for this company is Loren Kopseng and is located at 919 South 7th Street Suite 405, Bismarck, ND 58504. The locals here are great people. Some of the most tangible effects of the boom have been tattooed into the roads. New or freshly painted pump jacks were nodding over recent discoveries. The defendants assert the debt and capital contributions the defendants had in Jurassic at that time totaled $5,568,000, leaving Jurassic with a negative value. It transports by rail 82,000 barrels of oil a day to refineries. 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. Copyright 2023, Thomson Reuters. They have also lived in Queen Creek, AZ and Bismarck, ND. 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. I think the only oil-field one Ive done is this guy who got a bunch of worms on his arm. Statistics for all 2 Ryan Kopseng results: 40 yrs. Many were production wells weathered pump jacks pulling up oil (or natural gas and natural-gas liquids) from holes drilled over the years. 10. . Questions Post Question There are no questions yet for this company. He began studying for his pilots license as a freshman in college. Cloud Enters., Inc., 301 Minn. 261, 222 N.W.2d 83, 86 (1974). Infinity nagged at the scale of things. Yelp is a fun and easy way to find, recommend and talk about whats great and not so great in Bismarck and beyond. 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. Loren Kopseng, Bismarck Public Records Instantly WebLoren Kopseng, Bismarck, ND 1960 Piper PA-18-150, N3574Z Outstanding Piper PA-24 Comanche Dennis Carew, Appleton, WI 1963 Piper PA-24-250, N250LJ Outstanding Piper PA-28 Cherokee John Ditchie, Glen Ellyn, IL 1966 Piper PA-28-140, N7122R Outstanding Limited Production Marilyn & Richard Olwin, Jemez Springs, NM 1969 Navion H, N2533T Nor have any grounds for ordering a sale of membership interests under N.D.C.C. Jurassic Resources Development North America, LLC Summary. People Search We do not plan to be selfish and say, North Dakota will not share its energy resources. . (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. If you drill to the east of that, youre dead.. Karen Kopseng 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. 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. 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.. 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. 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. He began working for The Forum in the 1980s while he was a student studying journalism at Minnesota State University Moorhead. Suddenly the state that never had anything is in the middle of an oil boom that is larger than anybody could have predicted. We arent going to do anything to jeopardize it. Loren Kopseng "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. Jundt made no showing Jurassic had the financial ability to take the opportunity without additional investment of money or credit by the owners. (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? Completion of Coal Creek sale marks 'day of - Bismarck Tribune The defendants here asserted Jurassic lacked the financial ability to take advantage of the opportunity. I love it. 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. 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, Previously, Ryan 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. Every day is different.. 8. Theres no way to be right. If United Energy's purchase of Coal Creek Station is finalized and announced in a couple of weeks, North Dakota leaders will undoubtedly point to the state as a pioneer that is working toward a way to keep its coal industry relevant in the face of pressure from progressive politicians and climate-change activists. The same article said United Energy in 2012 earned a net profit of $44.8 million on revenues of $5.7 billion. A trial court abuses its discretion only when it acts in an unreasonable, arbitrary, or unconscionable manner, when its decision is not the product of a rational mental process leading to a reasoned decision, or when it misinterprets or misapplies the law. Rose v. United Equitable Ins. The only problem you got is if you move in with somebody that you dont like very much. 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. If you feel you have received this message in error, please contact the customer support team at 1-833-248-7801. Missouri River Royalty Corp Company Profile | Bismarck, ND 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. 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. 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 We tried to diversify our economy and create more permanent jobs. Plane makes emergency landing at Bismarck airport The downtown area was struggling for 25 years. The town bought a 20-room apartment complex so that new city workers could have a place to live and was obliged to offer prospective police officers a housing allowance of $350 a month. employs almost 250 people The two ranches he acquired are now part of Theodore Roosevelt National Park. North Dakota officials and Great River have been keeping quiet about the prospective buyer but said the intent was to pursue carbon capture projects attached to the plant. An abandoned building off Highway 23 in the Williston Basin. Members may make loans to the Company from time to time, as authorized by the Board. 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. Under any of the theories, Jundt has failed to meet his burden. At the time, North Dakota was ranked ninth among U.S. oil-producing states. 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. Whether or not an officer has misappropriated a corporate opportunity does not depend on any single factor. The land is as good and, in some cases, better than before.. 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. I dont like North Dakota. This is the boom that wont leave the land trashed, wont destroy communities, wont afflict the state with the so-called Dutch Disease in which natural-resource development and the sugar rush of fast cash paradoxically make other parts of the economy less competitive and more difficult to sustain. Within 90 days after the end of each fiscal year, the President will cause to be delivered to each person who was a Member at any time during such fiscal year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's federal or state income tax (or information) returns, including a statement showing each Member's share of income, gain, or loss and credits for such fiscal year for federal or state income tax purposes. compared it to the headquarters of an insurance company, well-publicized investigation by the news Web site ProPublica. 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. loren kopseng bismarck, nd 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. The plaintiff and the defendants no longer have a business relationship that will allow them to work together. 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. . Under paragraphs 1.11 and 2.09 of the Jurassic Operating Agreement, the members and the board of governors may take actions by the affirmative vote of a majority of the members or governors unless otherwise required by law or specified in the Articles of Organization of the Company or a member control agreement. Thus, the corporate defendants had the power to control Jurassic's business decisions. 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. Related To Stephanie Kopseng. Perm. WebTop Result for Ryan 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 Koeser pulled over in the middle of a neighborhood that was nothing but curbs and driveways and empty lots. He just didn't confirm it. 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. Thats the line of death, Kopseng said. JUNDT v. Loren R. Kopseng, Defendant. (2003) | FindLaw . We crossed the Missouri River, the plane beating on above a sea of grass. The people with families, I think, I mean this is my opinion, they seem to want to stay here, you know, maybe not permanently, but awhile., Brian Coffey, 40, who works for Raven Drilling, says: I went from floor hand well, back in the day it was called a worm to now Im on the derrick, and starting to run a rig, so Ive kinda got my mind set on company man or tool pusher., Lonnies Roadhouse Cafe. But under ultraviolet light, you can see telltale oil shows, and it has a faint smell of diesel fuel. And then suddenly there were oil wells. Web/ NORTH DAKOTA / BISMARCK / Pine Gas Gathering L L C; Pine Gas Gathering L L C. Get a D&B Hoovers Free Trial. Karen V. Kopseng, 61, Bismarck, passed away Oct. 19, 2006, at Medcenter One, Bismarck. The parties may file comments with the Court and Special Master by November 16, 2001 pursuant to Rule 53(f)(5). With Russell handling the financial side, Kopseng acquired distressed oil and gas wells in the Williston Basin. 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. Landowners have land rights but dont always have rights to whats underneath it, the minerals. It states, in part: Michael Schmitz, a certified public accountant called as a witness by the defendants, testified that loss to Mr. Jundt [would] be a passive loss, which is suspended until he can use it, and there is [n]o limitation on a carry-over. He testified on cross-examination that Jundt was entitled to tax write-offs: Q.Mr. Schmitz, if Mr. Jundt was entitled to his membership interest on February 1, 1999, wasn't he entitled to receive the portion of the tax write-off's attributable to that interest after that date? 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. Whether that something is news about United Energy or one of its subsidiaries like Rainbow Energy saving Coal Creek remains to be seen. Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: KOPSENG, LOREN R BISMARCK, ND 58503: UNITED Ryan Kopseng [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. Burgum's administration in March announced that Great River moved into exclusive negotiations with a prospective new owner for the plant. 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. [14]The defendants contend the trial court did not apply the clearly erroneous standard required by N.D.R.Civ.P. 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. Questions Post Question There are no questions yet for this company. Mike McFeely is a columnist for The Forum of Fargo-Moorhead. 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. Please try again. Kopseng (Aggravated assaults in the oil patch doubled in four years.). 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. The biggest danger on many dirt and gravel roads is blinding plumes of dust. A spokesman for North Dakota Gov. Ryan Kopseng is an Executive Vice President at United Energy based in Bismarck, North Dakota. (Montana Heartland), and United Energy Corporation, a holding company. . And one wore a green hard hat I guess when youre new you get called a worm on the rig.. Traffic used to be so scarce that drivers would wave as they passed an oncoming car; now there are record numbers of accidents. WebLOREN KOPSENG Agent 919 South 7th Street Suite 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. We kind of liken it to being in the military, you know. Id rather stay in a small town., Kevin Tschetter, 34, hauls water to and from active wells for KNS Enterprises. The actual amount of the tax write-offs is controlled by Article IV of the Member Control Agreement. Kopseng Missouri River, Rainbow Gas, and Rainbow Energy invested money in Jurassic, and were issued a total of 10,000 membership units. 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. ADDITIONAL LINKS Post Question For This Company Contact Us Regarding Your Company Profile Learn About Our Pro Search 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. In a way, of course, this kind of frontier is as much a state of mind as an actual place, a melancholy mood you cant shake as you drive all day in a raw spring rain with nothing but fence posts and featureless cattle range for company thinking, Is this all there is? Ryan Kopseng - Executive Vice President - United Energy - ZoomInfo The Bismarck-based company (it has 11 affiliated offices in the U.S., Canada and Mexico) has five subsidiaries that deal largely in energy marketing. Jundt did not invest money in Jurassic and did not, initially, receive any membership units in it. Home sales dipped 20% in Fargo-Moorhead. Principal. Theres a kind of exhaustion thats in the air everywhere, says Soth, the photographer. 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. But now, land near the airport that was $500 an acre a decade ago was selling for as much as $180,000 an acre; the airport itself was slated for relocation. At that moment, 209 rigs were drilling fresh holes. I hate the wind. 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. The judgment and orders appealed from are otherwise affirmed. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Hoeft has been in Williston for four years and currently lives in his Chevrolet Suburban rents for a two-bedroom run $2,400 a month, and he is still paying off his mortgage back in Wisconsin, where hes from. 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. 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.