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.
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.
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.
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. During his tenure, Mr. Heerwagen represented Gulfport in serving on both public and private company Boards of Directors for its midstream and oilfield services investments. Prior, Mr. Heerwagen served as Vice President of Corporate Development at Gulfport from May 2014 to January 2017 and Director of Investor Relations and Corporate Affairs from May 2008 to May 2014. From March 2012 through December 2014, Mr. Heerwagen served as President of Stingray Pressure Pumping, Cementing, Energy Services and Logistics. He also served in various financial, investor relations and corporate affairs roles since joining Gulfport in 2006. Mr. Heerwagen holds a degree in Finance from Oklahoma State University.
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.
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. Previously, from 2006-2014, she spent eight years with EIG Global Energy Partners, formerly TCW Energy and Infrastructure Group, focusing on analysis and execution of debt and equity investments across the energy value chain as well as fundraising, valuation and portfolio management. Ms. Franks holds Bachelor of Business Administration and Bachelor of Arts degrees from The University of Texas at Austin, where she majored in finance, Business Honors and Plan II.
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.
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. Ms. McCarty holds a Bachelor of Petroleum Engineering from the University of Oklahoma, a Master of Business Administration from the University of Houston, and is a registered professional engineer.
Prior to joining Selenite Energy Partners, Mr. Bruce served as Financial Analyst at Mach Resources focusing on acquisitions and divestitures, corporate finance, and treasury.
Prior to joining Selenite Energy Partners, Mr. Bruce served as Financial Analyst at Mach Resources focusing on acquisitions and divestitures, corporate finance, and treasury. Prior to Mach, Mr. Bruce served as Financial Analyst at Roan Resources from November 2018 until the successful sale of the company in December 2019. Prior to Roan, he worked for Haymaker Mineral & Royalties until the successful sale of the company. Mr. Bruce holds a bachelor’s degree in Economics from Texas A&M University.
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.
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. Prior to that, Mr. Farrell worked for Marathon Oil on the Midcon and Permian asset development team. Mr. Farrell earned his B.S. in Geology from Union College and M.S. in Geology from California State University, Long Beach.
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.
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. During his tenure, Mr. Heerwagen represented Gulfport in serving on both public and private company Boards of Directors for its midstream and oilfield services investments. Prior, Mr. Heerwagen served as Vice President of Corporate Development at Gulfport from May 2014 to January 2017 and Director of Investor Relations and Corporate Affairs from May 2008 to May 2014. From March 2012 through December 2014, Mr. Heerwagen served as President of Stingray Pressure Pumping, Cementing, Energy Services and Logistics. He also served in various financial, investor relations and corporate affairs roles since joining Gulfport in 2006. Mr. Heerwagen holds a degree in Finance from Oklahoma State University.
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.
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. Previously, from 2006-2014, she spent eight years with EIG Global Energy Partners, formerly TCW Energy and Infrastructure Group, focusing on analysis and execution of debt and equity investments across the energy value chain as well as fundraising, valuation and portfolio management. Ms. Franks holds Bachelor of Business Administration and Bachelor of Arts degrees from The University of Texas at Austin, where she majored in finance, Business Honors and Plan II.
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.
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. Ms. McCarty holds a Bachelor of Petroleum Engineering from the University of Oklahoma, a Master of Business Administration from the University of Houston, and is a registered professional engineer.
Prior to joining Selenite Energy Partners, Mr. Bruce served as Financial Analyst at Mach Resources focusing on acquisitions and divestitures, corporate finance, and treasury.
Prior to joining Selenite Energy Partners, Mr. Bruce served as Financial Analyst at Mach Resources focusing on acquisitions and divestitures, corporate finance, and treasury. Prior to Mach, Mr. Bruce served as Financial Analyst at Roan Resources from November 2018 until the successful sale of the company in December 2019. Prior to Roan, he worked for Haymaker Mineral & Royalties until the successful sale of the company. Mr. Bruce holds a bachelor’s degree in Economics from Texas A&M University.
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.
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. Prior to that, Mr. Farrell worked for Marathon Oil on the Midcon and Permian asset development team. Mr. Farrell earned his B.S. in Geology from Union College and M.S. in Geology from California State University, Long Beach.
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
Broad & flexible investment mandate
Dedicated capital = deal assurance
Differentiated view on assets
Broad & flexible investment mandate
Dedicated capital = deal assurance
Differentiated view on assets
Selenite has a track record of investing in the structured capital space with demonstrated creativity, flexibility and diversity in structuring
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
Drilling joint venture with top-tier, multi-basin independent operator enabling the operator to continue to unlock the basin and accelerate development while maintaining full operational control and long-term upside in the asset.
Drilling partnership to restart Mid-Con development program for diversified, public operator. A series of subsequent follow-on transactions enabled the operator’s asset team to achieve various corporate objectives, including maintaining development plan within capex budget in an inflationary cost environment.
Partnership with a mineral fund, wherein Selenite funds development costs on unleased minerals, enabling mineral fund to assert its rights to participate in development as a non-operator, rather than simply leasing to operator, generating a material uplift to returns through both royalty and working interest cash flows.
Acquired a portfolio of overriding royalty interests in the Gulf of Mexico accumulated by a service provider as in-kind compensation over a period of 20+ years. Enabled the seller to monetize the portfolio, while still maintaining exposure to upside, through a reversionary sale structure. The post-reversion tail interests were subsequently purchased from from the seller in a separate follow-on transaction.
Partnered with management to buyout a diversified position of minerals and overriding royalty interests retained in prior sale from their private equity sponsor
Selenite acquired a package of non-operated working interest AFEs from a non-operated working interest owner immediately ahead of development, enabling seller to realize value from its interests, without having to divert capital from funding its own operated development to fund OBO exposure.
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: