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Ryan Kopseng has been working as a Executive Vice President at United Energy for 9 years. Lodge, Inc. v. Roland Township, 2002 ND 140, 21, 651 N.W.2d 625 (citations omitted). The matter is remanded for further proceedings in accordance with this opinion. 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. Jundt contends the trial court improperly granted summary judgment dismissing his claim the Jurassic defendants breached their fiduciary duty to Jurassic by diverting a Jurassic business opportunity to Montana Heartland. 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. Jundt has failed to carry his burden of proof as what he has offered is far too speculative. 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. 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. Why United Energy? Kopseng [9]The corporate defendants appealed, contending the trial court abused its discretion in awarding Jundt $300,000 as an equitable remedy. Inside, sooty-faced roughnecks with pale circles around their eyes and dazed expressions wandered through the aisles with armloads of beef jerky and 20-ounce cans of malt liquor. Kopseng I get to live every 5-year-old-kids dream. Ryan V Kopseng, 46. Karen V. Kopseng, 61, Bismarck, passed away Oct. 19, 2006, at Medcenter One, Bismarck. But under ultraviolet light, you can see telltale oil shows, and it has a faint smell of diesel fuel. Meanwhile you can send your letters to PO BOX 837, BISMARCK, ND, 58502-0837. ADDITIONAL LINKS Post Question For This Company Contact Us Regarding Your Company Profile Learn About Our Pro Search Best of all, in a state where until recently young people often had to leave to find work, his two sons Ryan, an oilman, and Sander, a lawyer joined the company and built successful careers down the hall. 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. Mike McFeely is a columnist for The Forum of Fargo-Moorhead. 8. They raised our rent from like $900 a month to, well she wanted $1,500 deposit and $2,500 a month. Burgum's administration in March announced that Great River moved into exclusive negotiations with a prospective new owner for the plant. He began working for The Forum in the 1980s while he was a student studying journalism at Minnesota State University Moorhead. 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. He makes $12,000 to $14,000 a month. WebThe second best result is Loren R Kopseng age 40s in Bismarck, ND in the Wachter's neighborhood. They have been through this before, the people of North Dakota, first in the 60s, a decade after oil was discovered in the state. Loren is related to Sander Kopseng and Loren Roy Kopseng as well as 3 additional people. , while the attached Falkirk Mine, operated by North American Coal, supports several hundred more jobs. Jenkinson, a humanities professor, is a North Dakota author and columnist best known for his impersonation of Thomas Jefferson on public radio. After the plane was replenished with $147 worth of aviation gas, we headed east toward Bismarck. Copyright 2023, Thomson Reuters. state leaders are championing the idea North Dakota could become a world leader in carbon-capture technology Kopseng He brokered oil-field equipment; he bought and sold leases; he jumped into the natural-gas market just as it was being deregulated. An abandoned building off Highway 23 in the Williston Basin. 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. 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, Potential new owner in talks to save North Dakota's largest coal-fired plant, Marked for closure, North Dakotas biggest coal-fired power plant looks for a new tech lifeline, McFeely: Report blasts expensive ND project meant to save coal plant, Workers, communities fear closing North Dakota's largest coal plant will destroy their way of life, North Dakota's largest coal-fired power plant will shut down in 2022 unless new buyer can be found, Lawmakers passed several bills meant to buoy the coal industry, A 2013 New York Times article on North Dakota's oil boom included a mini-profile of Kopseng, state leaders are championing the idea North Dakota could become a world leader in carbon-capture technology. 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. U.E.C. 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. Such implied disclosure and consent to Montana Heartland's acquisition is a permissible inference. Lawmakers passed several bills meant to buoy the coal industry Fully understanding its equitable resolution is not based on gas reserves, future prices or future costs, and fully understanding it has made no adjustments whatsoever as to the value of Jurassic based on any claims of Jundt, and fully understanding the debts owed by Jurassic to BNC National Bank and the corporate defendants, the Court finds that the equitable resolution of this case is the AWARD OF A JUDGMENT TO JUNDT AGAINST JURASSIC AND THE CORPORATE DEFENDANTS IN THE AMOUNT OF $300,000. We may head closer to Bismarck, you know. Theres a kind of exhaustion thats in the air everywhere, says Soth, the photographer. We brought in a plant to split and polish peas. He struggled for five years, learning expensive lessons. [ 2] In 1984, Loren Kopseng and Donald Russell formed Missouri River. This practice raises the atmospheric levels of carbon dioxide, the gas primarily responsible for global warming. He was entitled to receive them if he was-if he was entitled to the ownership interest, he was entitled to the tax write-offs. WebLoren Kopseng. [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. , He seemed stunned by the pace of change; or maybe just exhausted. Whether that something is news about United Energy or one of its subsidiaries like Rainbow Energy saving Coal Creek remains to be seen. Wells being hydraulically fractured were ringed by 20 or more water tanks spread out on square mounds of brick-red scoria a clay sintered by underground coal fires and used for drill pads and roads in North Dakota. . 53 and there is no evidence establishing the special master's findings were clearly erroneous. 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? Financial inability justifies a corporation in rejecting an opportunity. 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. The order also provided: The Special Master shall submit its draft report and preliminary appraisals to the parties for comment by November 9, 2001. Website: www.uecorporation.com It transports by rail 82,000 barrels of oil a day to refineries. 861.10 (2002 Rev. It feels as hard as a flagstone terrace. 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. Its hard to say whether the hope and grandeur of that vision are deeper than its delusions. Mr. G's Turtle Mtn. After he married and started a family, it was his wifes friends who looked at him sideways. A.C. Petters Co., Inc. v. St. 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. The company has 3 contacts on record. Reviews. [6]Jurassic's member control agreement, executed on January 26, 1998, provides in part: 3.08Additional Capital Contributions. 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 Curtis D. JUNDT, Plaintiff and Appellant, v. JURASSIC RESOURCES DEVELOPMENT, NORTH AMERICA, L.L.C., a North Dakota limited But you just got so much influx from Texas, Louisiana, Pennsylvania, California, and people are just rude and inconsiderate. Sometimes there were more than 20 briefcases filed on the courthouse steps. WebLoren Kopseng, (701) 226-1617, Bismarck Public Records Instantly. 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. But hes honest enough to concede (with an anguished moan) that his private-enterprise principles arent hypocrisy-free, given that his own bacon has been saved many times by the state-owned Bank of North Dakota, which became prominent when North Dakota was a bastion of radical agrarian populism in the 1930s. 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. Includes Address(4) Phone(2) Email(1) See Results. 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. 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. Nor have any grounds for ordering a sale of membership interests under N.D.C.C. JUNDT v. Loren R. Kopseng, Defendant. (2003) | FindLaw WebDawn Kopseng in Mandan, North Dakota. Resides in Bismarck, ND. They were visiting Dans father in Williston on their way to Big Sky, Mont., where Matt works at a ski resort. 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. They left Montana to find work. 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. 4.01Tax Characterization and Returns. 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. My husband and I both grew up as military kids, so were just doing whats gotta be done to help us move forward.. . . 10. The locals here are great people. The trial court's judgment dismissed Jundt's claims against Kopseng and ordered the corporate defendants to cancel Jundt's membership units in Jurassic and pay him $300,000. But its also geology, chemistry, business. 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. 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 . Later, as improved instruments gave drillers a more precise sense of where they were and what kind of rock they were in, they were able to steer drill bits between the black halves of the Oreo. 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. United Energy is part of the Energy, Utilities & Waste industry, and located in North Dakota, United States. 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. WebLoren was born on 06.25.47. Dawn M Kopseng, 75. People asked me why I dont gamble, Kopseng said, digging into his lunch. Doug Burgum visit on Monday at the event to celebrate the closing of the sale of Coal Creek Station to (The sand, or proppant, props the channels open.) The corporate defendants own two-thirds of the membership interest units. The biggest danger on many dirt and gravel roads is blinding plumes of dust. 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 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. This is our time, Clay S. Jenkinson told me one morning over coffee at a Bismarck Starbucks, where he often goes to write. . That the state was bullish on a buyer for Coal Creek was evident during the 2021 legislative session. 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. FindLaw.com Free, trusted legal information for consumers and legal professionals, SuperLawyers.com Directory of U.S. attorneys with the exclusive Super Lawyers rating, Abogado.com The #1 Spanish-language legal website for consumers, LawInfo.com Nationwide attorney directory and legal consumer resources. 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. Kopseng New or freshly painted pump jacks were nodding over recent discoveries. A construction water tank at a new home development west of Williston. The sandstone of the Middle Bakken retained the shape of the drill bore better than the Bakken shale. Contact us. 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. What challenges? [18]Jundt contends the trial court erred in ruling he was not entitled to tax write-offs flowing from his interest in Jurassic. 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. 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.. 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? Phone number, address, and email on Spokeo, the leading people search directory for contact information and public records. They have also lived in Mandan, ND. Well after well, 6,000 or more. The trial court awarded Jundt $300,000 for his membership units in Jurassic. The initial members of Jurassic were Missouri River, Rainbow Gas, and Rainbow Energy. 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. 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. It has confounded kids running lemonade stands: 50 cents a cup but your customer has only hundreds in his payday wallet. Below was the country of the Missouri Slope, where homesteaders discovered the fallacy that rain followed the plow. Previously city included Mandan ND. 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. Young people were leaving and not coming back, and farmers were moving to town and retiring. Every master plan the city has prepared is obsolete by the time its printed. DKs Lounge and Casino in Williston. Kopseng took pictures hed done all the aerial photography for U.E.C.s annual report. which nationally has been declining for decades that included tax breaks, grants and loans. Brandi: I get my nails done here at one of the nicer salons, and my nail lady makes about $5,000 a month, so I was going to go work with her. See All Contacts. Devon Fox (foreground) and Taven Fox (background) near New Town, N.D., at Fort Berthold Indian Reservation. 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 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. The two ranches he acquired are now part of Theodore Roosevelt National Park. The judgment and orders appealed from are otherwise affirmed. It has now leveled off at around 200, as thousands of wells have been completed under deadline pressure to secure expiring mineral leases. If you feel you have received this message in error, please contact the customer support team at 1-833-248-7801. They have also lived in Queen Creek, AZ and Bismarck, ND. I stopped for gas at a Cenex convenience store called Bakken Central, where help was wanted for all days, all shifts. Pickup trucks were waiting in long lines for drive-through dinners at Hardees. The chances are good. 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. AVERAGE AGE. 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. Lived In Mandan ND. 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. "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.