[14]The defendants contend the trial court did not apply the clearly erroneous standard required by N.D.R.Civ.P. Ryan Kopseng Loren Kopseng. You wont find a better ambassador of what the oil industry calls the play in western North Dakota than Loren Kopseng. The two ranches he acquired are now part of Theodore Roosevelt National Park. Its like guessing how many jelly beans are in a jar., The current recovery rates for Bakken reserves typically range from 1 to 6 percent, but recovery rates are a function of both technology and market prices. The email address cannot be subscribed. Theres a lot of other people out there that are still living in trailers and stuff. If an oil company wants to put a well site on your land to search for minerals, its hard to deny them. And he says that the kind of development the boom era has brought is taking away the natural beauty of the land.. [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. , 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. We circled around the southern end of the basin above Dickinson, then flew west and north above the willows in the ravines and coulees of the Little Missouri River. Kopseng Ryan Kopseng - Executive Vice President - United Energy - ZoomInfo As the Husky droned west, the land began to change, growing drier, farms giving way to ranches. 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. While they were buying houses and investing in mutual funds, he was in debt-work-out negotiations with Halliburton. From the Husky, it was easy to overlook environmental issues and fathom the appeal of oil development easy to see the allure of a derrick dressed up in lights and looming 10 stories over a desolate landscape where the leading academic solution to social and economic stagnation had been to surrender and let the land lapse into buffalo commons. Id rather stay in a small town., Kevin Tschetter, 34, hauls water to and from active wells for KNS Enterprises. Jundt has failed to carry his burden of proof as what he has offered is far too speculative. (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. WebKopseng Loren in Bismarck, reviews by real people. Doug Burgum visit on Monday at the event to celebrate the closing of the sale of Coal Creek Station to Previously city included Mandan 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. 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. 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. [ 2] In 1984, Loren Kopseng and Donald Russell formed Missouri River. I hate the wind. Sander Kopsengis linked to this address. . 8. 10-32-119(1) authorizes a court to grant such equitable relief in only limited circumstances: 1. Now people dont think that number is as crazy as it seemed. The ratio of men to women is about 5 to 1. Court Records. Perm. 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. 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. By 1997, Russell and Kopseng consolidated several energy businesses into United Energy. 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. . (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. Resides in Bismarck, ND. Bismarck He began working for The Forum in the 1980s while he was a student studying journalism at Minnesota State University Moorhead. 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. He was elected to the Board of Commissioners in 1994 and returned to office five times. The chances are good. WebDawn Kopseng in Mandan, North Dakota. [5]Russell, Kopseng, Tschider, and Jundt executed an after-payout statement of membership interest on January 26, 1998, providing, in part: Time of Repayment. That the state was bullish on a buyer for Coal Creek was evident during the 2021 legislative session. 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. He brokered oil-field equipment; he bought and sold leases; he jumped into the natural-gas market just as it was being deregulated. UNITED ENERGY TRADING LLC The defendants acknowledged the plaintiff was entitled to his 4,925 membership interest units in Jurassic Resources Development North America, L.L.C., a North Dakota Limited Liability Company, effective March 9, 2000. Jundt clearly knew and understood all the write-offs would go to the money investors. 4.01Tax Characterization and Returns. The best result we found for your search is Dawn M Kopseng age 50s in Mandan, ND. 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. . The store was selling showers: a half-hour of hot water for 10 bucks; $15 for a couple. This whole area was a field two years ago, he said. 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. 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. The twice-a-month town-commissioner meetings that used to take 45 minutes can now run from 6 p.m. to midnight. The trial court awarded Jundt $300,000 for his membership units in Jurassic. 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. (Montana Heartland), and United Energy Corporation, a holding company. And then they would go back to their cars and trucks to wait with the engines running, their faces wreathed in coffee steam. [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. 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. The judgment and orders appealed from are otherwise affirmed. [9]The corporate defendants appealed, contending the trial court abused its discretion in awarding Jundt $300,000 as an equitable remedy. 1. Certain grades of sand or sometimes proppant made of ceramic beads are matched to certain kinds of rock, and the wells are fracked in stages, as many as 40 stages per well. [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. They raised our rent from like $900 a month to, well she wanted $1,500 deposit and $2,500 a month. 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. Ed.). 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. Its new life, new families moving in. . 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. 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. By 2010 it had climbed to fourth. 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. Petroleum geologists have known the cookie was full of light, sulfur-free oil since 1953, but they didnt know exactly how much or how to extract it economically. . Resides in Bismarck, ND. Its our gold rush, our Silicon Valley. 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. New or freshly painted pump jacks were nodding over recent discoveries. Loren is related to Sander Kopseng and Loren Roy Kopseng as well as 3 additional people. Infinity nagged at the scale of things. 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. 10-32-119(1) have been established. 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. As a subscriber, you have 10 gift articles to give each month. Every master plan the city has prepared is obsolete by the time its printed. Cloud Enters., Inc., 301 Minn. 261, 222 N.W.2d 83, 86 (1974). 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. McFeely: North Dakota company appears poised to buy Karen V. Kopseng, 61, Bismarck, passed away Oct. 19, 2006, at Medcenter One, Bismarck. Loren Kopseng Bismarck, ND. 7. Missouri River, Rainbow Gas, and Rainbow Energy invested money in Jurassic, and were issued a total of 10,000 membership units. 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. Summary. 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. If you drill to the east of that, youre dead.. Each and all were contemporary manifestations of an economic imperative that dates back to the triumph of the treaty breakers who usurped the Native Americans and commodified the land, and to the waves that came in their wake, the great white hunters who cleaned out the buffalo, the agents of the bone boom that followed who sent trainloads of buffalo skeletons back East to be used to refine sugar, the iron-horse magnates, the immigrant farmers and pioneer ranchers ruined by the dirty 30s, and later the first oil and lignite coal barons and the government dam builders who tamed the Missouri. Bismarck 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. 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. Kopseng I stopped for gas at a Cenex convenience store called Bakken Central, where help was wanted for all days, all shifts. 4. U.E.C. employs almost 250 people 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. The technique is more exact now. This is the Big One that North Dakota has been waiting for for more than a century. WebDawn M Kopseng, 75 Resides in Bismarck, ND Lived In Mandan ND Related To Sander Kopseng, Loren Kopseng, Ryan Kopseng, Leah Kopseng Includes Address (3) Phone (1) See Results Dawn M Gittel, 51 Resides in Bismarck, ND Lived In Mandan ND, Gilbert AZ Related To Jayden Gittel Also known as Dawn M Schumacher, Dawn Gittle, Dawn M . He's been with The Forum full time since 1990, minus a six-year hiatus when he hosted a local radio talk-show. Loren Kopseng - Chairman for Rainbow Energy Marketing After Jundt left Jurassic, Montana Heartland acquired the properties. 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. 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. Stay up-to-date with how the law affects your life. Jurassic Resources Development North America, LLC The order also provided: The Special Master shall submit its draft report and preliminary appraisals to the parties for comment by November 9, 2001. Kopseng Please enable javascript and refresh the page to continue reading local news. [17]However, N.D.C.C. After he married and started a family, it was his wifes friends who looked at him sideways. Burgum's administration in March announced that Great River moved into exclusive negotiations with a prospective new owner for the plant. They were visiting Dans father in Williston on their way to Big Sky, Mont., where Matt works at a ski resort. Seventy-two miles beyond Stanley, I pulled into Williston, which proudly advertises itself as the boyhood home of the N.B.A. We arent going to do anything to jeopardize it. 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. We skimmed along the Montana border, then banked east over the confluence of the Yellowstone and Missouri Rivers. According to United's website, it "purchases, transports, stores and sells over 1 million barrels of crude oil per day.". Coal Creek North Dakotans are as proud of their Capitol as they are of their boom-based unemployment rate (3.2 percent, lowest in the nation), and many were stung when a Minnesota state legislator last spring compared it to the headquarters of an insurance company. 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. Mike McFeely is a columnist for The Forum of Fargo-Moorhead. A 2013 New York Times article on North Dakota's oil boom included a mini-profile of Kopseng None of the grounds specified in N.D.C.C. 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.). , saying "you won't find a better ambassador of what the oil industry calls 'the play' in western North Dakota than Loren Kopseng. Many thousands more will be spudded in the next two years as the boom moves from discovery to production and crews drill infill wells, complete pipelines, fortify roads, enlarge refineries and build natural-gas pumping stations and oil-loading train yards. 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. 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.'". All rights reserved. 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). Yet in the midst of so much empty, untrammeled land, the roaring fires and messy drill pads didnt evoke images of industrial blight like the apocalyptic black wastes of the Alberta tar-sands operations or the eaten-off mountaintops of West Virginia coal country, or for that matter, the landscape of New Jersey around the port of Newark. The company has 1 contact on record. Even a well-publicized investigation by the news Web site ProPublica that reported that there were more than 1,000 accidental releases of oil, drilling wastewater and other fluids in North Dakota in 2011 passed without much fuss. Theres a couple of small towns that weve been checking out.. He is working to earn a G.E.D. compared it to the headquarters of an insurance company, well-publicized investigation by the news Web site ProPublica. 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. We kind of liken it to being in the military, you know. WebAddress: 919 S 7TH St Ste 405 Bismarck, ND, 58504-5835 United States See other locations Phone: ? People arent interested in stepping back.. . 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. Most of the Bakken oil is tight. The rocks are not porous and permeable enough for the oil to flow on its own. Karen Kopseng Obituary (2006) - Bismarck, ND - The Bismarck Jundt made no showing Jurassic had the financial ability to take the opportunity without additional investment of money or credit by the owners. 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. 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. Corps. The city had to be careful, he said, because during the last boom, Williston got stuck with $28 million in debt after putting in streets and sewers for housing developers who bailed when oil prices collapsed. BISMARCK It's not like Loren Kopseng vehemently denied the company he runs, United Energy, is buying Coal Creek Station. But with Russell handling the financial end, Kopseng began accumulating distressed oil and gas wells. Later, they and others formed a number of other companies, including Rainbow Gas, We may head closer to Bismarck, you know. "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.". 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. See All Contacts. 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. . Many potions have been concocted to suppress the stuff. The only problem you got is if you move in with somebody that you dont like very much. Landowners have land rights but dont always have rights to whats underneath it, the minerals. [11]The parties stipulated to the appointment of a special master. WebLOREN KOPSENG Manager, Member 919 S 7th St Suite 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. Suddenly the state that never had anything is in the middle of an oil boom that is larger than anybody could have predicted. The parties may file comments with the Court and Special Master by November 16, 2001 pursuant to Rule 53(f)(5).

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