loren kopseng bismarck, nd loren kopseng bismarck, nd

They have also lived in Queen Creek, AZ and Bismarck, ND. Reviews. Statistics for all 2 Ryan Kopseng results: 40 yrs. 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. 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 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. Ed.). Matt Kingsley, 23, center, and his friend Dan Bashore, 22, right, are from Grand Ledge, Mich. Koeser pulled over in the middle of a neighborhood that was nothing but curbs and driveways and empty lots. United Energy is part of the Energy, Utilities & Waste industry, and located in North Dakota, United States. 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. WebUnited Energy Corp. CEO and President Loren Kopseng, left, and Gov. We simply want to ensure the most efficient and environmentally sound method of utilizing our precious coal and water resources for the benefit of the broadest number of people possible. That gets old, that does get old. Brandi and Zachary broke up last week. Kevin Tschetter, 34, hauls water to and from active wells for KNS Enterprises. Just the other day, Saturday night, I went to bed at 10 oclock, got up at 10:45, had to drive in a snowstorm four hours to Scobey, Mont., pick up a tool and drive it all the way down to Watford City. 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. Financial inability justifies a corporation in rejecting an opportunity. [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. . And then suddenly there were oil wells. WebLoren Kopseng, the pilot of the Piper Cheyenne, brought the plane down at a little after 9 p.m. on the airport's secondary runway. The technique is more exact now. 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. 10-32-119(2) been established. 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. Lived In Mandan ND. Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: KOPSENG, LOREN R BISMARCK, ND 58503: UNITED [21]We conclude the trial court's finding the parties agreed the money investors were to get all the tax write-offs is clearly erroneous, and the trial court erred in ruling Jundt was not entitled to claim any of the tax write-offs. They were visiting Dans father in Williston on their way to Big Sky, Mont., where Matt works at a ski resort. Doug Burgum visit on Monday at the event to celebrate the closing of the sale of Coal Creek Station to 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. At the time, North Dakota was ranked ninth among U.S. oil-producing states. WebThe second best result is Loren R Kopseng age 40s in Bismarck, ND in the Wachter's neighborhood. He brokered oil-field equipment; he bought and sold leases; he jumped into the natural-gas market just as it was being deregulated. In a supervised voluntary winding up and termination pursuant to section 10-32-118; b. It reverses decades of anxiety about out-migration and rural decline and death. (The sand, or proppant, props the channels open.) The matter is remanded for further proceedings in accordance with this opinion. I stopped for gas at a Cenex convenience store called Bakken Central, where help was wanted for all days, all shifts. 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. Yelp is a fun and easy way to find, recommend and talk about whats great and not so great in Bismarck and beyond. . As to this claim Jundt has the burden of proof. . Its our gold rush, our Silicon Valley. Theres a couple of small towns that weve been checking out.. I had a lot of lemonade wells, he sighed. Coal Creek It has fitted highways with passing lanes and rumble strips. This is the Big One that North Dakota has been waiting for for more than a century. While coal backers have touted carbon capture and storage as a path to continued viability, it has never worked on a large commercial scale. 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. 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. WebView Loren Kopseng results including current phone number, address, relatives, background check report, and property record with Whitepages. Probably the loudest of these is John Heiser, a fourth-generation North Dakotan rancher and part-time park ranger who lives near Grassy Butte, and who has been railing against the pace of the boom from the start. It has now leveled off at around 200, as thousands of wells have been completed under deadline pressure to secure expiring mineral leases. Originally from South Dakota, he was meeting with other KNS employees at the Scenic 23 Club in New Town. Ryan V Kopseng, 46. [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. 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. They left Montana to find work. which nationally has been declining for decades that included tax breaks, grants and loans. Well after well, 6,000 or more. Rodeo winds were bucking the Husky all over the sky, but nothing could dampen his enthusiasm for the sights of the basin nothing save my stomach. 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. (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. Almost half of the kids that are there are from out of state. He has since dropped out and is busing tables at Grandma Sharons Family Restaurant. It took me all night. ADDITIONAL LINKS Post Question For This Company Contact Us Regarding Your Company Profile Learn About Our Pro Search 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. 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. [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. 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. Just how much oil is in the Bakken is still unknown. I tried for almost a year to apply online and calling people and no one would hire me. Meridian engineers went down more than 10,000 feet and then burrowed sideways into a bed of Upper Bakken shale that was only eight feet thick. Lawmakers passed several bills meant to buoy the coal industry . 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. Comprehensive company profiles. Traffic used to be so scarce that drivers would wave as they passed an oncoming car; now there are record numbers of accidents. "I'm supposed to say no comment," Kopseng said Wednesday, June 2, when reached by The Forum and asked directly whether he and the company of which he is president and CEO were negotiating to buy the coal-burning power plant located near Underwood, N.D. After a pause he said, "There should be something in a couple of weeks.". A more typical attitude is represented by Harold Hamm, chief executive of Continental Resources. Executive Vice President at United Energy . In 1997 he and Russell consolidated various energy-related businesses into the privately held United Energy Corporation. 1. The biggest danger on many dirt and gravel roads is blinding plumes of dust. [28]The judgment is reversed to the extent it ordered cancellation of Jundt's membership interest units in Jurassic, ordered payment of $300,000 to Jundt, and denied Jundt's claim to tax write-offs. If you feel you have received this message in error, please contact the customer support team at 1-833-248-7801. The store was selling showers: a half-hour of hot water for 10 bucks; $15 for a couple. (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? Mike McFeely is a columnist for The Forum of Fargo-Moorhead. The transient people are more the single guys. 6. You wont find a better ambassador of what the oil industry calls the play in western North Dakota than Loren Kopseng. ADDITIONAL LINKS Post Question For This Company Contact Us Regarding Your Company Profile All Companies Named UET He began working for The Forum in the 1980s while he was a student studying journalism at Minnesota State University Moorhead. Laura Louise Kopseng-Klein, 85, 1015 N. Third St., Bismarck, died Nov. 20, 2001, at Medcenter One Health Care Center, Bismarck, from complications of Parkinson's disease. Please enable javascript and refresh the page to continue reading local news. . 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. As the Husky droned west, the land began to change, growing drier, farms giving way to ranches. 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. 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. (Montana Heartland), and United Energy Corporation, a holding company. What made people rethink the viability of the Bakken was horizontal drilling. 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. The downtown area was struggling for 25 years. 4. [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. Theres a kind of exhaustion thats in the air everywhere, says Soth, the photographer. This practice raises the atmospheric levels of carbon dioxide, the gas primarily responsible for global warming. 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. 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. 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. Loren has reached 74 years of age. 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. Anyone can read what you share. Ed.). (Aggravated assaults in the oil patch doubled in four years.). 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. 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. 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. 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. Mr. G's Turtle Mtn. The plaintiff's claims against the defendant Loren R. Kopseng are DISMISSED WITH PREJUDICE. 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. Dynamic search and list-building capabilities. Resides in Bismarck, ND. [2]In 1984, Loren Kopseng and Donald Russell formed Missouri River. Principal. 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. Flying was Kopsengs dream job before he got the idea of building an oil company. compared it to the headquarters of an insurance company, well-publicized investigation by the news Web site ProPublica. . Now people dont think that number is as crazy as it seemed. Why do [critics] always start talking about the challenges? Hamm said in a speech he gave at Williston Basin Petroleum Conference in Bismarck in May. People arent interested in stepping back.. The formation, named for Henry O. Bakken, a farmer who leased his land for an early well, consists of three layers, sandwiched, in a commonly used analogy, like an Oreo cookie. He is working to earn a G.E.D. Summary. , He seemed stunned by the pace of change; or maybe just exhausted. The ratio of men to women is about 5 to 1. Memorial services will be held at 2 p.m. Saturday, Oct. 21, at Trinity Every master plan the city has prepared is obsolete by the time its printed. Now. 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. 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. After drilling companies finish securing leased acreage, it will take 20 years to develop the 35,000 to 40,000 production wells needed to fully exploit the thermally mature part of the Bakken shale, an area about the size of West Virginia. Theres a lot of other people out there that are still living in trailers and stuff. Contact us. Questions Post Question There are no questions yet for this company. 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. An abuse of discretion by the trial court is never assumed; the burden is on the party seeking relief to affirmatively establish it. Gepner v. Fujicolor Processing, Inc., 2001 ND 207, 13, 637 N.W.2d 681. Previously, Ryan Great River Energy has said the potential buyer would purchase the power plant along with the attached high-voltage transmission line. 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. at 862.10. 10. 4.01Tax Characterization and Returns. He just didn't confirm it. People asked me why I dont gamble, Kopseng said, digging into his lunch. We may head closer to Bismarck, you know. Kopseng is a conservative Republican, and like many North Dakotans, he includes government regulation in the same category of pleasant experiences as droughts, floods, grasshoppers and prairie fires. "'I had a lot of lemonade wells,' he sighed. 14. The rigs, they dont shut down for anything out here. A party opposing summary judgment must present evidence raising an issue of material fact. 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. [11]The parties stipulated to the appointment of a special master. , saying "you won't find a better ambassador of what the oil industry calls 'the play' in western North Dakota than Loren Kopseng. Apostles of Bakken gold insist that whats different this time is that this time is different, the history of frontier avarice notwithstanding.