loren kopseng bismarck, nd

WebLoren Kopseng Active Bismarck, ND Chairman for Rainbow Energy Marketing Corporation (701)222-4909 Overview 6 Companies 15 Connections 4 Locations 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. While they were buying houses and investing in mutual funds, he was in debt-work-out negotiations with Halliburton. 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. 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. Were gonna do a three-year stint. [2]In 1984, Loren Kopseng and Donald Russell formed Missouri River. But now, land near the airport that was $500 an acre a decade ago was selling for as much as $180,000 an acre; the airport itself was slated for relocation. 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. Includes Address(2) Phone(1) See Results. 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. [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. [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. Brandi Wagner, 24, from Spokane, Wash., with her ex-boyfriend, Zachary Bolton, 27, a computer technician for American Casing and Equipment. [25]This Court has not ruled on the corporate opportunity doctrine. He struggled for five years, learning expensive lessons. Pickup trucks were waiting in long lines for drive-through dinners at Hardees. Loren Kopseng. Brent Sanford spearheaded a high-priority effort to find a buyer to keep the plant operating. Whether he could use them or not, I don't know. After Jundt left Jurassic, Montana Heartland acquired the properties. An abandoned building off Highway 23 in the Williston Basin. We skimmed along the Montana border, then banked east over the confluence of the Yellowstone and Missouri Rivers. And then again in the late 70s, when the boom was driven by rising oil prices. After the plane was replenished with $147 worth of aviation gas, we headed east toward Bismarck. Mark Froemming, 23, works for Halliburton as a frack crew member, on two-week rotations, and returns to Missoula, Mont., during his two weeks off. 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. In a worse case scenario of Jurassic ultimately losing money, it will be to the advantage of the defendants for them to be able to control the final crash of Jurassic. (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. Ryan Kopseng has been working as a Executive Vice President at United Energy for 9 years. 2. 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. Brandi had plans to attend beauty school. 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. 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. Under any test, a corporate opportunity exists when a proposed activity is reasonably incident to the corporation's present or prospective business and is one in which the corporation has the capacity to engage. and plans on getting a truck-drivers license. The defendants assert the debt and capital contributions the defendants had in Jurassic at that time totaled $5,568,000, leaving Jurassic with a negative value. [A] director is not required to use his or her own money or credit to finance the business of the company. Id. A.C. Petters Co., Inc. v. St. The defendants contend the trial court abused its discretion in awarding Jundt $300,000. [6]Jurassic's member control agreement, executed on January 26, 1998, provides in part: 3.08Additional Capital Contributions. Missouri River, Rainbow Gas, and Rainbow Energy invested money in Jurassic, and were issued a total of 10,000 membership units. 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. [29] WILLIAM A. NEUMANN, Acting C.J., JAMES M. BEKKEN,* D.J., MARY MUEHLEN MARING, and DALE V. SANDSTROM, JJ, concur. 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. Karen Victoria Kopseng (1945-2006) - Find a Grave 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. The cases offer varying bases for determining whether the corporate opportunity doctrine will be deemed applicable to a given factual situation. At a motions hearing, one of the defendants' attorneys told the court: We don't want [Jurassic] to be liquidated. We brought in a plant to split and polish peas. Loren Kopseng - $5,400 in Political Contributions for 2010 Im just born and raised in Minnesota, and I just dont care to move out there with all the commotion and things like that. 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. I love it. They have also lived in Mandan, ND. Jenkinson, a humanities professor, is a North Dakota author and columnist best known for his impersonation of Thomas Jefferson on public radio. 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. 9. Across the highway, workers were pouring concrete for a new Fuel Force gas station and rolling out sod on a fresh tract of homes. Ed.). [22]Jurassic was negotiating to acquire WBI properties before Jundt left Jurassic. Dancers at a performance of Snow White in Williston, N.D. We just learned that we have to move out of our dance studio, saidMelissa Lucy, 43, a co-owner of Dance Fever Performing Arts Studio. The judgment and orders appealed from are otherwise affirmed. Sometimes there were more than 20 briefcases filed on the courthouse steps. 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.'". 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. This is our time, Clay S. Jenkinson told me one morning over coffee at a Bismarck Starbucks, where he often goes to write. [20]Jurassic's Member Control Agreement executed on January 26, 1998, does not provide that the money investors were to get all the tax write-offs. Missouri River Royalty Corp Company Profile | Bismarck, ND (Aggravated assaults in the oil patch doubled in four years.). 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. JUNDT v. Loren R. Kopseng, Defendant. (2003) | FindLaw Well after well, 6,000 or more. 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. It reverses decades of anxiety about out-migration and rural decline and death. 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. 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. Questions Post Question There are no questions yet for this company. Stay up-to-date with how the law affects your life. He began studying for his pilots license as a freshman in college. WebDawn Kopseng in Mandan, North Dakota. Bismarck The cases offer a variety of justifications for a corporation's rejection of an opportunity, including the corporation's financial inability to take the opportunity. 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. Why United Energy? Corps. [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.

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