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. Court Records. The transient people are more the single guys. 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. 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. 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. 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. 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 order also provided: The Special Master shall submit its draft report and preliminary appraisals to the parties for comment by November 9, 2001. Phone number, address, and email on Spokeo, the leading people search directory for contact information and public records. 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. He just didn't confirm it. WebLoren Kopseng. The corporate defendants own two-thirds of the membership interest units. At that moment, 209 rigs were drilling fresh holes. Kopseng This practice raises the atmospheric levels of carbon dioxide, the gas primarily responsible for global warming. Three experts weigh in on what that means. 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. . 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, We have 800 to 900 new houses coming onto the city tax rolls by the end of the summer, Koeser told me as we drove around some of the embryonic neighborhoods. 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 But with Russell handling the financial end, Kopseng began accumulating distressed oil and gas wells. You wont find a better ambassador of what the oil industry calls the play in western North Dakota than Loren Kopseng. 10-32-119(1) have been established. Memorial services will be held at 2 p.m. Saturday, Oct. 21, at Trinity A more typical attitude is represented by Harold Hamm, chief executive of Continental Resources. Loren Kopseng - Bismarck, ND - Reputation & Contact Details Pickup trucks were waiting in long lines for drive-through dinners at Hardees. Contact us. Bismarck Down below, dust clouds were boiling around a convoy of trucks hauling frack water and equipment on a county road. Anyone can read what you share. Learn more about FindLaws newsletters, including our terms of use and privacy policy. [9]The corporate defendants appealed, contending the trial court abused its discretion in awarding Jundt $300,000 as an equitable remedy. 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. He works for eight days, then takes six off. Its the center of the culture, in a lot of ways.. 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. 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. Loren Kopseng in Bismarck, ND - Address & Phone 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. Includes Address(4) Phone(2) Email(1) See Results. Its new life, new families moving in. But its just happening too fast. WebLOREN KOPSENG Agent 919 South 7th Street Suite 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. Cloud Enters., Inc., 301 Minn. 261, 222 N.W.2d 83, 86 (1974). Ryan Kopseng Kopseng 6. He struggled for five years, learning expensive lessons," the Times reported. It reverses decades of anxiety about out-migration and rural decline and death. UET SHIPPING, LLC in Louisiana | Company Info & Reviews Seventy-two miles beyond Stanley, I pulled into Williston, which proudly advertises itself as the boyhood home of the N.B.A. 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. They left Montana to find work. The locals here are great people. By 2010 it had climbed to fourth. Liquidation and partition are not appropriate equitable remedies in this case. Apart from a few fanatics who sometimes turned up at midnight, the landmen would begin arriving at the courthouse around 6 a.m. They have also lived in Queen Creek, AZ and Bismarck, ND. It buys and sells energy, in other words. 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. , 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. (The sand, or proppant, props the channels open.) Landowners have land rights but dont always have rights to whats underneath it, the minerals. Impressive as it is to execute a 90-degree turn in a well bore thousands of feet underground, horizontal drilling alone was not enough to tap the tight oil in the Bakken. This is our time, Clay S. Jenkinson told me one morning over coffee at a Bismarck Starbucks, where he often goes to write. The company's principal address is 919 S 7th Street Suite 405, Bismarck, ND 58504-5835. https://www.nytimes.com/2013/02/03/magazine/north-dakota-went-boom.html. 13. A spokesman for North Dakota Gov. coach Phil Jackson. 1. 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. , while the attached Falkirk Mine, operated by North American Coal, supports several hundred more jobs. Thats the line of death, Kopseng said. He always worked he helped his parents run apartment buildings in Bismarck, and for six summers starting at age 12, he fed the chickens and pigs and bucked hay and branded cattle at his grandparents ranch in Slope County in the western part of the state. 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. Lived In Mandan ND. Right now our best guess is there are 169 billion barrels of oil in the Bakken, and thats undoubtedly wrong, says Ed Murphy, state geologist at the North Dakota Geological Survey. Infinity nagged at the scale of things. 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. 7. 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. Suddenly the state that never had anything is in the middle of an oil boom that is larger than anybody could have predicted. 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. WebView Loren Kopseng results including current phone number, address, relatives, background check report, and property record with Whitepages. The plaintiff and the defendants no longer have a business relationship that will allow them to work together. 9. Karen Kopseng Obituary (2006) - Bismarck, ND - The Bismarck 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. 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. Kopseng But I wouldnt mind going and working somewhere that does pay for stuff like that.. 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 for closure in 2022 by its current owner, Great River Energy of Minnesota. Jenkinson, a humanities professor, is a North Dakota author and columnist best known for his impersonation of Thomas Jefferson on public radio. At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. [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. Kopseng told the Times he turned things around in the mid-1980s after he met Mandan businessman Don Russell. Loren Kopseng Karen Kopseng 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. [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. I tried for almost a year to apply online and calling people and no one would hire me. He struggled for five years, learning expensive lessons. The chances are good. The parties may file comments with the Court and Special Master by November 16, 2001 pursuant to Rule 53(f)(5). Executive Vice President at United Energy . Kevin Tschetter, 34, hauls water to and from active wells for KNS Enterprises. [1]Jurassic Resources Development, North America, L.L.C., a North Dakota limited liability company (Jurassic); Missouri River Royalty Corporation (Missouri River); Rainbow Gas Company (Rainbow Gas); and Rainbow Energy Marketing Corporation (Rainbow Energy) appealed a judgment requiring them to cancel Curtis D. Jundt's membership interest units in Jurassic and pay him $300,000. Jurassic began a program of gas exploration and production. Water trucks in the parking lot wore petticoats of mud. ADDITIONAL LINKS Post Question For This Company Contact Us Regarding Your Company Profile All Companies Named UET (Aggravated assaults in the oil patch doubled in four years.). Its a very solitary existence, being up there. The wind and the cold.. Reviews. I think the only oil-field one Ive done is this guy who got a bunch of worms on his arm. Its all but impossible to find a place to stay in Williston, but on weekends many oil workers clear out, and I was lucky to get a motel room with a cracked plastic bathtub that had been cleverly patched with duct tape. While they were buying houses and investing in mutual funds, he was in debt-work-out negotiations with Halliburton. 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. Also known as: Loren Roy Kopseng, Loran R Kopseng, Loren Konseng. At a motions hearing, one of the defendants' attorneys told the court: We don't want [Jurassic] to be liquidated. 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. 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. 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. If you feel you have received this message in error, please contact the customer support team at 1-833-248-7801. Ryan Kopseng is an Executive Vice President at United Energy based in Bismarck, North Dakota. The rain lifted outside Stanley at the junction of Route 2 and Highway 8 stretches of which had the worst road ratings in the state. While they were buying houses and investing in mutual funds, he was in debt-work-out negotiations with Halliburton. The rigs, they dont shut down for anything out here. 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. 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. Q. Sometimes there were more than 20 briefcases filed on the courthouse steps. The initial members of Jurassic were Missouri River, Rainbow Gas, and Rainbow Energy. , saying "you won't find a better ambassador of what the oil industry calls 'the play' in western North Dakota than Loren Kopseng. Related To Stephanie Kopseng. 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. They had names like Bakken Heights and Harvest Hills. 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. Theres so many companies that are providing housing. Link, will be quiet again., Link, who died in 2010, was a popular, plain-spoken Democrat who was born in the tiny town of Alexander in the heart of the Williston Basin a town that once opposed a bypass fearing it would dry up and die if Highway 85 were routed around it, and now is on the verge of choking to death on boom-truck traffic. Also known as Dawn M Fronk, Dawn Kotseng. . Loren Kopseng - Address & Phone Number | Whitepages The plaintiff's efforts in developing the assets of the company have contributed value to the company notwithstanding the debts the company has acquired in the process. 2. We do not plan to be selfish and say, North Dakota will not share its energy resources. . Memorial services will be held at 2 p.m. Saturday, Oct. 21, at Trinity Youd like to have more time to think things through, but everybody is in such a rush.. Sander Kopsengis linked to this address. which nationally has been declining for decades that included tax breaks, grants and loans. The defendants here asserted Jurassic lacked the financial ability to take advantage of the opportunity. [14]The defendants contend the trial court did not apply the clearly erroneous standard required by N.D.R.Civ.P. 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. Matt Kingsley, 23, center, and his friend Dan Bashore, 22, right, are from Grand Ledge, Mich. Bismarck