Margaret Franks, managing partner and CFO of Selenite Energy Partners LLC, is today’s featured Forty Under 40 honoree.
When she began her career, Franks did not anticipate undertaking an entrepreneurial venture. However, now serving as managing partner and CFO of Selenite Energy Partners, she said, “I am probably enjoying my career more right now than I ever have previously.”
Headquartered in Oklahoma City, Selenite was formed to pursue middle market special situation and structured transactions in the North American energy space.
Franks co-founded Selenite in 2019 with partners Paul Heerwagen and Lindsey McCarty (joined a few months later by Elijah Lavicky) and a capital commitment from Carnelian Energy Capital, but she spent the early portion of her industry career working for large structured capital firms, focused on energy investing.
“Growing up in Midland, oil and gas was what I knew. I had one grandfather who sold Smith drillbits his entire career, and another who was a bit of a wildcatter,” she said. “I enjoy finding creative ways to help oil and gas companies achieve their objectives.”
Prior to co-founding Selenite, Franks served as a principal with The Carlyle Group , where she focused on business development, origination and execution of structured capital investment opportunities in the upstream and midstream sectors. Previously, 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.
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