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Karen V. Kopseng, 61, Bismarck, passed away Oct. 19, 2006, at Medcenter One, Bismarck. In its memorandum opinion, the trial court said it REJECTS the use of the value set by the Ryder Scott appraisal in an equitable resolution of this case. In its findings of fact, however, the trial court recognized Jurassic's debts exceed the appraisal value determined by the Special Master as of November 27, 2001. The trial court also found: 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. The trial court explained in its memorandum opinion: Notwithstanding the debts owed by Jurassic, the Court finds there to be a significant value to the defendants to retain the ownership of Jurassic free and clear of any interest of Jundt, if for no other reason than they can control the future of Jurassic and the way in which the debts are paid and the assets exploited. In truth, it seems less an assessment of what humanity can expect when it is done devouring the earths nonrenewable resources than a prayer that reflects a faith unique to the place where Link was born, faith that all those caved-in cabins, withered towns and stillborn dreams and whatever is left when the oil is gone can be redeemed. (The sand, or proppant, props the channels open.) There is evidence supporting the court's finding that Jurassic's debts exceeded the appraised value of its assets. There was no showing of a corporate opportunity Jurassic had the financial ability to pursue. Many potions have been concocted to suppress the stuff. Get the latest business insights from Dun & Bradstreet. McFeely: North Dakota company appears poised to buy Thats the line of death, Kopseng said. It buys and sells energy, in other words. 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. ADDITIONAL LINKS Post Question For This Company Contact Us Regarding Your Company Profile All Companies Named UET He is working to earn a G.E.D. Doug Burgum says, Fargo finance chief has history of yelling, creating toxic work environment, records show, Funding for North Dakota tourism projects slashed after rebuke of buffalo theme park. South of the river, the boundary was marked by Highway 49. Lived In Mandan ND. After Jundt left Jurassic, Montana Heartland acquired the properties. Missouri River Royalty Corp Company Profile | Bismarck, ND Brandi had plans to attend beauty school. Many were production wells weathered pump jacks pulling up oil (or natural gas and natural-gas liquids) from holes drilled over the years. Even though youre with your man, youre holding his hand or whatever, theyll still stare. Zachary (center): Shes a beautiful girl, so Ive always got that, like all the guys constantly hitting on her. This is the boom that is going to change everything without the remorse and misgivings that have marked the aftermath of so many past orgies of resource extraction. state leaders are championing the idea North Dakota could become a world leader in carbon-capture technology "'I had a lot of lemonade wells,' he sighed. 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. Estimates have been continuously revised upward since a 1974 figure of 10 billion barrels. Previously city included Mandan ND. 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. 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). Jurassic Resources may make dividend payments to pay back the capital contribution amounts plus interest at their discretion anytime Jurassic Resources has the ability to pay dividends. Court Records. But its also geology, chemistry, business. Loren Kopseng in Bismarck, ND - Address & Phone I dont need to gamble because the oil and gas business is gambling. EAA AirVenture Oshkosh 2007 Aircraft Awards They raised our rent from like $900 a month to, well she wanted $1,500 deposit and $2,500 a month. 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. Its hard to think of what oil hasnt done to life in the small communities of western North Dakota, good and bad. Memorial services will be held at 2 p.m. Saturday, Oct. 21, at Trinity Loren Kopseng is a resident of ND. Within 90 days after the end of each fiscal year, the President will cause to be delivered to each person who was a Member at any time during such fiscal year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's federal or state income tax (or information) returns, including a statement showing each Member's share of income, gain, or loss and credits for such fiscal year for federal or state income tax purposes. 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. [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. 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. 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 With Russell handling the financial side, Kopseng acquired distressed oil and gas wells in the Williston Basin. Kopseng Jundt did not invest money in Jurassic and did not, initially, receive any membership units in it. Traffic used to be so scarce that drivers would wave as they passed an oncoming car; now there are record numbers of accidents. Karen Victoria Kopseng (1945-2006) - Find a Grave 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. It transports by rail 82,000 barrels of oil a day to refineries. 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. . Night satellite photographs that were once pitch-black now show a massive gas flare luminance in the northwest corner of the state. 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. Ryan V Kopseng, 46. Young people were leaving and not coming back, and farmers were moving to town and retiring. Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: KOPSENG, LOREN R BISMARCK, ND 58503: UNITED [2]In 1984, Loren Kopseng and Donald Russell formed Missouri River. Brandi Wagner, 24, from Spokane, Wash., with her ex-boyfriend, Zachary Bolton, 27, a computer technician for American Casing and Equipment. loren kopseng bismarck, nd Russell, who died in 2011, also wanted to get into oil and gas. [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. It reverses decades of anxiety about out-migration and rural decline and death. Meanwhile you can send your letters to PO BOX 837, BISMARCK, ND, 58502-0837. North Dakota officials and Great River have been keeping quiet about the prospective buyer but said the intent was to pursue carbon capture projects attached to the plant. UET RR, LLC in Louisiana | Company Information & Reviews Jenkinson, a humanities professor, is a North Dakota author and columnist best known for his impersonation of Thomas Jefferson on public radio. That gets old, that does get old. Brandi and Zachary broke up last week. Jeremy (Tex) Loughran, 17, moved from Del Rio, Tex., and enrolled in high school in Williston. 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. Now. 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. WebAddress: 919 S 7TH St Ste 405 Bismarck, ND, 58504-5835 United States See other locations Phone: ? This whole area was a field two years ago, he said. Later, they and others formed a number of other companies, including Rainbow Gas, Kevin Tschetter, 34, hauls water to and from active wells for KNS Enterprises. 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. [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. KOPSENG LOREN - Kirkwood Office Towe, Bismarck, ND - Yelp Its the center of the culture, in a lot of ways.. WebAt the Bismarck State College Foundation, we are fortunate to have the support of many individuals and organizations across our community, state, and beyond, to provide financial support to students so that they can pursue their education and reach their career goals. 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. Whether that something is news about United Energy or one of its subsidiaries like Rainbow Energy saving Coal Creek remains to be seen. 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. All rights reserved. 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. United Energy is part of the Energy, Utilities & Waste industry, and located in North Dakota, United States. 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. 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. . And then they would go back to their cars and trucks to wait with the engines running, their faces wreathed in coffee steam. [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. 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. The defendant Loren R. Kopseng has not deliberately acted to oppress the plaintiff in his management or member interest units in the company. 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.). Loren Kopseng, Bismarck Public Records Instantly The Members acknowledge that the Company will be treated as a partnership for tax purposes. The moneys very good out here, if you find someone to pay for your housing. WebLOREN KOPSENG Manager, Member 919 S 7th St Suite 405 Bismarck, ND 58504 Reviews Write Review There are no reviews yet for this company. What constitutes the usurpation of a corporate opportunity is the subject of considerable litigation [H]owever, a single definitive test has not yet emerged. Joseph W. Bishop, Jr., The Law of Corporate Officers and Directors 3.05 (2002). He just didn't confirm it. 5. coach Phil Jackson. WebTop 2 Results for Loren 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. (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. Just how much oil is in the Bakken is still unknown. 4. 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. Jundt has failed to carry his burden of proof as what he has offered is far too speculative. [6]Jurassic's member control agreement, executed on January 26, 1998, provides in part: 3.08Additional Capital Contributions. . The town bought a 20-room apartment complex so that new city workers could have a place to live and was obliged to offer prospective police officers a housing allowance of $350 a month. Karen V. Kopseng, 61, Bismarck, passed away Oct. 19, 2006, at Medcenter One, Bismarck. The defendants here asserted Jurassic lacked the financial ability to take advantage of the opportunity. The company has 1 contact on record. 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. Every master plan the city has prepared is obsolete by the time its printed. Questions Post Question There are no questions yet for this company. Perm. By 2010 it had climbed to fourth. But they had to have the tool there, you know?. 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, 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. 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. As a subscriber, you have 10 gift articles to give each month. Matt Kingsley, 23, center, and his friend Dan Bashore, 22, right, are from Grand Ledge, Mich. 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. 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. 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. I think the only oil-field one Ive done is this guy who got a bunch of worms on his arm. WebLoren Kopseng, (701) 226-1617, Bismarck Public Records Instantly. Charlie Hancher, 25, moved from Daytona, Fla., to Williston, last April, and after much searching found a place to live at a new housing development in Williston. Jundt, the only individual or entity claiming diversion of a Jurassic corporate opportunity, owns fewer than one-third of the membership interest units in Jurassic. WebKopseng Loren in Bismarck, reviews by real people. 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. 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. If you feel you have received this message in error, please contact the customer support team at 1-833-248-7801. Website: www.uecorporation.com WebFind company research, competitor information, contact details & financial data for Jurassic Resources Development North America, LLC of Bismarck, ND. Were gonna do a three-year stint. Theres a kind of exhaustion thats in the air everywhere, says Soth, the photographer.