Creative. Strategic. Partners.

energy capital solutions

ABOUT US

Selenite Energy Partners provides structured capital solutions that enable public and private companies to fund growth projects and optimize business plans, enhancing capital efficiency and shareholder value. With a broad and flexible mandate, Selenite employs creativity in structuring and leverages its strong technical expertise and deep industry relationships to collaboratively partner with companies seeking bespoke financing alternatives.

The founders of Selenite Energy Partners have a combined 50 years of energy experience across upstream, midstream and oilfield service sub-sectors, having held executive, investing and technical leadership roles at publicly traded, privately held and sponsor-backed companies.

Collectively, the team has commercially executed in excess of 50 transactions in the space ranging from $5 million to $3 billion and accounting for more than $15 billion of capital deployed.

Collective operating experience in conventional and unconventional hydrocarbon producing plays includes the execution of more than 1,000 horizontal wells across the major basins in North America.

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Selenite is partnered with Carnelian Energy Capital, a North American-focused investment firm with an established track record of value creation across the energy sector. With approximately $4 billion of cumulative capital commitments, Carnelian is dedicated to bringing its strategic expertise and nimble approach to partnerships with leading businesses and best-in-class management teams. For more information on Carnelian, please contact Carnelian at info@carnelianec.com or visit www.carnelianenergy.com.

Our team

Paul
Heerwagen IV

Managing Partner & CEO

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Prior to co-founding Selenite Energy Partners, Mr. Heerwagen served as Senior Vice President of Corporate Development and Strategy at Gulfport Energy Corporation from January 2017 to September 2019 where he was responsible for strategic planning, business development, corporate finance and acquisitions and divestitures.

Margaret Franks

Managing Partner & President

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Prior to co-founding Selenite Energy Partners, Ms. Franks served as a Principal with The Carlyle Group from 2014-2019, where she focused on business development, origination and execution of structured capital investment opportunities in the upstream and midstream sectors.

Lindsey McCarty

Managing Partner & COO

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Prior to co-founding Selenite Energy Partners, Ms. McCarty served as Vice President of Reservoir Engineering and Business Development for PayRock II LLC. From 2008-2017 she held various roles spanning production engineering, reservoir engineering, business planning, and engineering supervision for Marathon Oil in a number of locations domestically.

Nathan Bruce

Director of Finance

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Prior to joining Selenite Energy Partners, Mr. Bruce served as Financial Analyst at Mach Resources focusing on acquisitions and divestitures, corporate finance, and treasury.

Jack Farrell

Director of Technical

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Prior to joining Selenite Energy Partners, Mr. Farrell served as a technical Associate on the investment banking team at Tudor, Pickering, Holt & Co. where he specialized in acquisitions and divestitures across the Williston, Permian, Gulf Coast, Anadarko, and Arkoma Basins.

Our team

Our approach

Selenite has consistently deployed capital since its inception and continues to be a creative capital solutions provider for operators in the North American Energy space

Selenite can creatively structure solutions taking into account business, accounting and tax objectives of individual counterparties

Bespoke Capital Solutions


  • Broad & flexible investment mandate


  • Dedicated capital = deal assurance

  • Asset-level and corporate financing capabilities

Technical Expertise


  • Differentiated view on assets

  • Expedient underwriting competencies across basins and verticals

  • History of investing across and managing through commodity cycles constructively


  • Broad & flexible investment mandate


  • Dedicated capital = deal assurance

  • Asset-level and corporate financing capabilities


  • Differentiated view on assets

  • Expedient underwriting competencies across basins and verticals

  • History of investing across and managing through commodity cycles constructively

  • Creative transaction structures marry unique characteristics of assets with objectives of owner/operator

  • Relationship driven with track record of developing single transactions into long-term partnerships with counterparties

Our track record

Selenite has a track record of investing in the structured capital space with demonstrated creativity, flexibility and diversity in structuring

  • Drilling partnerships
  • Development joint ventures (across the energy value stream)
  • Purchases of royalties and non-operated working interests
    • Both producing and ahead of drill-bit (including acquiring/funding AFEs)
    • Flexibility to purchase outright or provide monetization through reversionary/VPP structure
  • Debt/preferred equity financings
    • First or second lien, unsecured debt, structured equity
    • Primary or secondary basis
    • Broad use of proceeds can include funding of development/acquisitions, debt repayment, dividend recap, etc.
  • Acquisition Financings
    • Can support acquisitions with debt, preferred equity, direct asset acquisition solutions or capital to accelerate development post-acquisition

Selenite generally targets opportunities with top-tier partners and assets that have been de-risked and are producing or development-ready

Selenite can creatively structure solutions taking into account business, accounting and tax objectives of individual counterparties

representative investments

Responsibility

At Selenite Energy Partners, we believe that we have a social responsibility to conduct business in an ethical manner that protects people and the environment and supports the communities where we live and work.

Our corporate sustainability strategy is aimed at delivering long-term, sustainable value to our shareholders, business partners and community members, as well as our employees. Key tenets of our sustainability strategy and our adopted environmental, social and corporate governance policies are listed below:

Environmental Policy

Social Policy

Corporate Governance Policy

contact

7 NE 6th Street Suite 210
Oklahoma City, OK 73104

info@seleniteenergy.com

© 2024 Selenite Energy Partners  |  7 NE 6th Street Suite 210 Oklahoma City, OK 73104