loren kopseng bismarck, nd

[17]However, N.D.C.C. Well after well, 6,000 or more. Website: www.uecorporation.com Production from a typical Bakken well declines rapidly but on average produces modest amounts of oil for 45 years and earns a profit of $20 million. [29] WILLIAM A. NEUMANN, Acting C.J., JAMES M. BEKKEN,* D.J., MARY MUEHLEN MARING, and DALE V. SANDSTROM, JJ, concur. People Search In July 2012, monthly oil output reached 20.97 million barrels, and North Dakota was the largest oil producer in the country after Texas. That would cause considerable tax problems for all of the partners here. The trial court found the parties no longer have a business relationship that will allow them to work together and concluded [l]iquidation and partition are not appropriate equitable remedies in this case. The court concluded cancellation of Jundt's membership interest units in exchange for payment of $300,000 by the corporate defendants was the appropriate equitable remedy. While they were buying houses and investing in mutual funds, he was in debt-work-out negotiations with Halliburton. coach Phil Jackson. WebView Loren Kopseng results including current phone number, address, relatives, background check report, and property record with Whitepages. 861.10 (2002 Rev. Later, they and others formed a number of other companies, including Rainbow Gas, Rainbow Energy, Montana Heartland, L.L.C. Loren Kopseng - Chairman for Rainbow Energy Marketing 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. Principal. WebThe second best result is Loren R Kopseng age 40s in Bismarck, ND in the Wachter's neighborhood. WebLoren Kopseng. , 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 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. The sandstone of the Middle Bakken retained the shape of the drill bore better than the Bakken shale. 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. Originally from South Dakota, he was meeting with other KNS employees at the Scenic 23 Club in New Town. The cases offer varying bases for determining whether the corporate opportunity doctrine will be deemed applicable to a given factual situation. I had a lot of lemonade wells, he sighed. He is working to earn a G.E.D. 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. 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. 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 rain lifted outside Stanley at the junction of Route 2 and Highway 8 stretches of which had the worst road ratings in the state. As a subscriber, you have 10 gift articles to give each month. [ 2] In 1984, Loren Kopseng and Donald Russell formed Missouri River. Flying was Kopsengs dream job before he got the idea of building an oil company. 15. While coal backers have touted carbon capture and storage as a path to continued viability, it has never worked on a large commercial scale. Washington Post Comprehensive company profiles. 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. . 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. WebLoren was born on 06.25.47. Koeser pulled over in the middle of a neighborhood that was nothing but curbs and driveways and empty lots. WebKopseng Loren in Bismarck, reviews by real people. North Dakota Went Boom - The New York Times Yelp is a fun and easy way to find, recommend and talk about whats great and not so great in Bismarck and beyond. 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. 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. Whether he could use them or not, I don't know. Now people dont think that number is as crazy as it seemed. 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. Many were production wells weathered pump jacks pulling up oil (or natural gas and natural-gas liquids) from holes drilled over the years. After Jundt left Jurassic, Montana Heartland acquired the properties. The moneys very good out here, if you find someone to pay for your housing. Contact & Personal Details. 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. Anyone can read what you share. They have been through this before, the people of North Dakota, first in the 60s, a decade after oil was discovered in the state. 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. Learn more about FindLaws newsletters, including our terms of use and privacy policy. 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. Russell, who died in 2011, also wanted to get into oil and gas. I love construction and new buildings. Kopseng He was elected to the Board of Commissioners in 1994 and returned to office five times. New or freshly painted pump jacks were nodding over recent discoveries. (Aggravated assaults in the oil patch doubled in four years.). Jundt did not invest money in Jurassic and did not, initially, receive any membership units in it. A. Im just born and raised in Minnesota, and I just dont care to move out there with all the commotion and things like that. Kopseng 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. A construction water tank at a new home development west of Williston. But they had to have the tool there, you know?. 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. Ive had two different jobs. Additionally, both Kopseng and Russell testified that the money investors were to take the tax write-offs as without being able to claim the tax benefits money investors would not invest in such ventures. , saying "you won't find a better ambassador of what the oil industry calls 'the play' in western North Dakota than Loren Kopseng. [3]Jundt left his position with Williston Basin Interstate Pipeline Company (WBI) in 1997 and became an employee of Rainbow Gas. Jurassic began a program of gas exploration and production. 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. 10-32-119(1) have been established. As to this claim Jundt has the burden of proof. [6]Jurassic's member control agreement, executed on January 26, 1998, provides in part: 3.08Additional Capital Contributions. A.C. Petters Co., Inc. v. St. 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 LOREN - Kirkwood Office Towe, Bismarck, ND - Yelp "'I had a lot of lemonade wells,' he sighed. Johnson, 21, commutes nine hours from Pennock, Minn., where hes from, to North Dakota to work in construction. Ryan Kopseng Lookup the home address and phone 7012261617 and other contact This is our time, Clay S. Jenkinson told me one morning over coffee at a Bismarck Starbucks, where he often goes to write. 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 skimmed along the Montana border, then banked east over the confluence of the Yellowstone and Missouri Rivers. Loren Kopseng The trial court concluded, among other things: 12. Such implied disclosure and consent to Montana Heartland's acquisition is a permissible inference. Jundt made no showing Jurassic had the financial ability to take the opportunity without additional investment of money or credit by the owners. The members will be repaid their contributions at the time the present value of the proven reserves discounted by using the present value discounted at 30%; plus other assets of the company exceed the past capital contributions and any accrued future capital contributions plus interest calculated at the prime rate of BNC Bank of Bismarck. It may also be that the lack of dissent reflects the way North Dakotans idealize themselves as more inclined to endure than to complain, certain it takes a special temperament to live in such forbidding country, where winters are brutal and culture is thin. 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.). Questions Post Question There are no questions yet for this company. By this fall every one of these lots will have a house. Valuable research and technology reports. Id. DKs Lounge and Casino in Williston. 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. He's been with The Forum full time since 1990, minus a six-year hiatus when he hosted a local radio talk-show. Every master plan the city has prepared is obsolete by the time its printed. Reviews. After he married and started a family, it was his wifes friends who looked at him sideways. Related To Stephanie Kopseng. 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. None of the grounds specified in N.D.C.C. Phone number, address, and email on Spokeo, the leading people search directory for contact information and public records. . But you just got so much influx from Texas, Louisiana, Pennsylvania, California, and people are just rude and inconsiderate. 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 . 8. Jundt and Kopseng formed Jurassic. They have also lived in Mandan, ND. . Every 1 percent increase in the rate of recovery means another billion barrels..

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