Why United Energy? . 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. Theres a kind of exhaustion thats in the air everywhere, says Soth, the photographer. Its that easy., Christina Knapp, 22, is a tattoo artist from Phoenix, Ariz. A couple of the guys I work with do a lot of the rig tattoos. 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. Lookup the home address and phone 7012261617 and other contact The sandstone of the Middle Bakken retained the shape of the drill bore better than the Bakken shale. 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. [7]Jundt sued to enforce his right to 4,925 membership units of Jurassic, and alleged Kopseng and the corporate defendants breached their obligation of good faith to Jundt and violated their fiduciary duties to Jurassic by, among other things, diverting a business opportunity belonging to Jurassic by acquiring property from WBI for Montana Heartland, which is owned by Jurassic's corporate members, rather than Jurassic. [22]Jurassic was negotiating to acquire WBI properties before Jundt left Jurassic. By February 1999, there wasnt a single rig drilling new wells in the state, and oil development looked to be yet another cautionary tale in the familiar boom-and-bust history of the region no better than previous resource bonanzas at stemming the exodus of young people, or at halting the decline of prairie towns, or at doing much of anything to ameliorate the image of a place where the Legislature brooded over the icy connotations of the word North and twice entertained the idea of simply calling the state Dakota., Alex Brewer, 23, is a floor hand at Raven Drilling. WebLoren Kopseng, Bismarck, ND 1960 Piper PA-18-150, N3574Z Outstanding Piper PA-24 Comanche Dennis Carew, Appleton, WI 1963 Piper PA-24-250, N250LJ Outstanding Piper PA-28 Cherokee John Ditchie, Glen Ellyn, IL 1966 Piper PA-28-140, N7122R Outstanding Limited Production Marilyn & Richard Olwin, Jemez Springs, NM 1969 Navion H, N2533T 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. Lawmakers passed several bills meant to buoy the coal industry . A.C. Petters Co., Inc. v. St. 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. 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 has reached 74 years of age. Its a very hard industry to break in to. The defendant Loren R. Kopseng has not deliberately acted to oppress the plaintiff in his management or member interest units in the company. [25]This Court has not ruled on the corporate opportunity doctrine. 4.01Tax Characterization and Returns. People asked me why I dont gamble, Kopseng said, digging into his lunch. We see that you have javascript disabled. 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. Fully understanding its equitable resolution is not based on gas reserves, future prices or future costs, and fully understanding it has made no adjustments whatsoever as to the value of Jurassic based on any claims of Jundt, and fully understanding the debts owed by Jurassic to BNC National Bank and the corporate defendants, the Court finds that the equitable resolution of this case is the AWARD OF A JUDGMENT TO JUNDT AGAINST JURASSIC AND THE CORPORATE DEFENDANTS IN THE AMOUNT OF $300,000. "'I had a lot of lemonade wells,' he sighed. I stopped for gas at a Cenex convenience store called Bakken Central, where help was wanted for all days, all shifts. Down below, dust clouds were boiling around a convoy of trucks hauling frack water and equipment on a county road. Jundt did not invest money in Jurassic and did not, initially, receive any membership units in it. After the plane was replenished with $147 worth of aviation gas, we headed east toward Bismarck. Loren Kopseng - Bismarck, ND - Reputation & Contact Details