Partnering with industry participants, Aquilon has built the industry standard Energy Settlement Network®


About Us

Aquilon Energy Services is a Chicago and Houston based software company providing innovative solutions for the fast-paced, complex and data intensive energy industry.

Who We Are

The Aquilon team blends experienced technology and industry experts with strong track records of building and bringing to market reliable, collaborative solutions.


Our partners, board members and network of early advisors connect the team to the industry enabling us to deliver valuable solutions for today’s wholesale energy companies.

What We Do

Aquilon has listened closely to the industry’s priorities to focus resources on energy settlement challenges that no single company should solve alone.


In working side-by-side with traders, settlement analysts and finance professionals, Aquilon has developed the Energy Settlement Network (ESN®) for wholesale energy participants of all sizes. On the ESN, counterparties settle both physical and financial energy transactions on the network built for bilateral settlements.


We are implementing the ESN through a network of early advisors to confirm that ESN is reliable, delivers value and improves industry settlement practices.

Meet Our Leadership Team

Jeffrey Wagner

CEO & Founder

Jeff has over 25 years' experience in technology innovation and leadership.

He most recently was CTO of Textura Corporation, the construction industry's leader for online collaboration solutions.


As Vice President of Systems Development at the Chicago Mercantile Exchange, Jeff managed a staff of over 100 employees and ran multi-system support and development for one of the largest futures exchange and clearing house in the world. He served as Chief Software Architect at Mortgagebot, where he oversaw software application development.


Mr. Wagner was Chief Technology Officer of HyperFeed Technologies, Inc. and Chief Information Officer of Equitec Group LLC, designing and implementing technology infrastructure for their global offices.


Michael Egan


Mike and his team are responsible for acquisition and successful onboarding of each new energy trading counterparty. Mike has over 25 year’s hands-on experience bringing innovative technologies to market for critical trading, settlement and clearing processes in highly regulated industries.


Prior to joining Aquilon, Mike worked closely with Jeff at Textura Corporation as an EVP in Business Development focused on developing new markets for use of the highly successful, cloud based construction collaboration service.


During more than twenty years at Accenture, Mike was a ten year Partner in the Financial Services Industry focused on trading, settlement and exchange/clearing technology. Mike played a significant leadership role in the sales and implementation of technology at Fidelity Investments, Capital Group Companies, Chicago Board of Trade, Deutsche Borse Group, and multiple U.S. Brokerage Firms.


John Ferraro

EVP Strategy & Sales

John previously served as the Global Chief Operating Officer of Ernst & Young ("EY") for eight years until his retirement in January 2015.  In that role, he was responsible for the overall operations and services of EY worldwide.


He joined EY in 1976 and was a partner for 26 years. Throughout his tenure at EY, John held various leadership positions, including Americas Managing Partner/Vice Chair of Client Services and Global Vice Chair of Audit.  In addition, John served as a member of EY's Global Executive board for more than 12 years.


John also serves as a director of ManpowerGroup, Advance Auto Parts Inc., International Flavors & Fragrances, Inc. and is the former Chair of the Marquette University Board of Trustees.


John Murphy

EVP Business Development & Sales

John was with Ernst & Young ("EY") for 40 years.  He served in various senior management positions with the firm in Canada and internationally.  Most recently, John was EY's Global Managing Partner of Markets based in London, UK. responsible for all client service lines of business, the sales and marketing function, industry specialization programs, and knowledge management.  He was also a member of EY’s Global Executive Board.


John’s professional focus has been on organizational transformation.  He is an expert in the areas of business process improvement, strategic planning and facilitation, executive information systems, and strategic performance measurement.  He has provided assurance, risk and business advisory services to major organizations in the manufacturing, health care, energy and telecommunications industries.


He is a member of the Institutes of Chartered Professional Accountants in New Brunswick and Alberta.  He is also a member of the Canadian Institute of Certified Management Consultants.


David Freeman

SVP  Business Development & Customer Operations

David joined Aquilon in 2015 and is responsible for all client implementations and customer success as well as acting as the voice of the customer providing  direction for Aquilon’s Energy Settlement Network (ESN®).


David has more than 20 years’ experience working with clients to understand their business processes and implement software solutions to increase efficiency and productivity.  Prior to Aquilon, David established and managed a new market in Australia for a Oracle's Textura construction billing and payment solution.


David is a graduate of Indiana University with a BS in Computer Science and of Northeastern University where he received his MBA.

Meet Our Directors

Charles Bayless


Charles is a retired Utility Executive and University President. Until 2008 he was President and Provost of the West Virginia University Institute of Technology. Prior to 1999 Charles was Chairman, President, and CEO of Illinova Corporation, and its’ wholly owned subsidiary, Illinois Power Company.


Charles was Chairman, President, and CEO of Tucson Electric Power Company and from 1981 to 1989 Charles was Sr. VP and CFO of Public Service Company of New Hampshire. Before that, he was employed by Consumers Power Company, as the Director of Nuclear Fuel Supply.


Charles is a board member of Pike Electric, Recycled Energy Development and West Virginia American Water. He is Chair of the Arctic Climate Action Steering Committee and a board member at the Climate Institute. He is a past Board Member of Essential Power, Independent Wireless One, the Ontario Power Authority, Patina Oil and Gas, Dynegy, Trigen Energy Inc., Thermon, Inc., Primary Energy Inc., EPRI and EEI.

Charles has been awarded Financial World’s CEO of the Year Bronze and Silver Medals and Wall Street Transcript’s CEO of the Year Bronze Medal.


Frank Egan

Lake Bridge Capital, Managing Director

Frank has over 25 years experience in the investment / venture capital business as a Managing Director at Lake Bridge Capital, Managing Director at Northwater Capital, Executive Vice President with PaineWebber, Kemper Securities, Dain Rauscher Wessels, and as a venture partner with Draper Fisher Jurvetson ePlanet ventures.


Frank sits on the Board of One Chip Photonics, Ioxus Inc., Airgain Inc., Legend 3D, American ePay, Specialist on Call, Gen3partners, and formally an observer on the Board of Textura Corporation.


Amy Francetic

Energize Ventures, Managing Director

Amy oversees the Fund’s investment activities and operations. Her career spans over 20 years of high technology entrepreneurship, private equity, and research.  Prior to the Fund, Amy served as co-founder and CEO of technology accelerator Clean Energy Trust which has invested in dozens of early-stage clean energy companies across the Midwestern US. She also held roles at private equity firm MVC Capital and Stanford Research Institute. Earlier in her career, she was co-founder and CEO of a tech company that she sold to Lego Systems.


Amy serves on Advisory Boards for the WISER Institute at the Illinois Institute of Technology, Northwestern University and the Museum of Science and Industry. In 2014, she was awarded the Corporate Citizen of the Year Award from the Executives’ Club of Chicago, and Leading Woman in Technology from the Illinois Technology Association. She has a BA from Stanford University

Sarita Mandanna

Lake Bridge Capital, Managing Director

Sarita has over 15 years of private equity, structured finance and investment banking experience with Northwater Capital, Deutsche Bank AG, UBS, GE Capital and Equifin Capital. She is currently a Vice President with Northwater Capital, with a focus on energy technologies. In addition to Aquilon, she sits on the Board of NRStor Inc. and Skyonic Corp. Sarita holds an MBA from the Wharton School of Business.


Sam McNair

Macquarie Bank Limited, Executive Director & COO, Commodity Markets and Finance

Sam joined Macquarie in 1995 and worked for 5 years in the Market Risk Team within RMG in Sydney and Hong Kong. Following that he worked for 3 years in Macquarie’s Fixed Income Currency and Commodities (FICC) group dually reporting to FICC Central and Foreign Exchange Division providing quantitative support to the FX Structured Derivatives Desk. In 2003 he moved to London for 2 years and then to New York for a further 2 years to work in Macquarie’s commodities joint venture with a large European Bank. From 2007 to 2017 Sam worked with Macquarie in Houston where he spent 4 years as the head of Energy Markets Division’s (EMD) US Structuring Team, Meteorology and Fundamentals. From 2011to 2017 he served as EMD’s Chief Operating Officer managing a team of 10 people.


Following a merger of Macquarie’s Energy, Metals and Agricultural Commodities trading areas in early 2017 he has been in the position of Chief Operating Officer for Macquarie’s Commodity Markets and Finance Division (CMF). In this role he leads a team of 60 people that focuses on providing business’ traders and sales people with a single point of contact to plan, coordinate, and implement the strategic goals of the business as a whole. Additionally, Sam is responsible for leading process and systems development within CMF so as to ensure that the business both meets all Macquarie’s internal and external reporting requirements and CMF’s daily operations are consistent across its different businesses so that CMF’s operational efficiencies are realized. Members of his team also focus on a range of functions including business development, operations/logistics, deal structuring/pricing, capital, funding and liquidity reporting, and management of the business’ foreign exchange and interest rate risk.



Ravi Ramachandran

Citi - Managing Director and Head of Electronic Business, Global Commodities

Ravi is a Managing Director and  Head of Electronic Business for the Global Commodities Business at Citi – in this role, he is responsible for the electronification of the business from electronic market making to client facing product execution. He also drives the prioritization of the various technology initiatives for the commodities business with the ultimate goal of this electronic end state. Prior to taking on this role in Houston, Ravi ran the global commodity investor product development efforts out of London and prior to that in New York. In this capacity, he was responsible for the creation and marketing of commodity-linked investment products to the Bank’s global client base.


Before joining Citi, he ran Commodities Trading Technology at Bank of America and Calpine Energy Services, and started his professional career as a power trading systems software developer at Enron. He completed his degrees in Industrial Engineering with a focus on Operations Research at Texas A&M University and has an MBA from Columbia University.


Jeffrey Wagner

CEO & Founder of Aquilon Energy Services

Jeff has over 25 years' experience in technology innovation and leadership.

He most recently was CTO of Textura Corporation, the construction industry's leader for online collaboration solutions.


As Vice President of Systems Development at the Chicago Mercantile Exchange, Jeff managed a staff of over 100 employees and ran multi-system support and development for one of the largest futures exchange and clearing house in the world. He served as Chief Software Architect at Mortgagebot, where he oversaw software application development.


Mr. Wagner was Chief Technology Officer of HyperFeed Technologies, Inc. and Chief Information Officer of Equitec Group LLC, designing and implementing technology infrastructure for their global offices


Georgia is a member of the Principal Strategic Investments (PSI) group, a strategy and investing team that manages a global portfolio of strategic investments in financial technology, market structure and enterprise software. PSI is also responsible for developing market structure strategies across regions, helping to oversee the firm's digital strategy initiatives and commercializing the firm's technology platforms.


Prior to joining Goldman Sachs, Georgia worked in middle market and early-stage investing teams at Solera Capital and CCMP Capital. Georgia holds a Bachelor of Commerce from the University of Melbourne.


Goldman Sachs - Principal Strategic Investments

Georgia Watson

Meet Our Advisors

R. Michael Murray Jr.

Director Emeritus of McKinsey & Company

Michael has, since 1999, been a Director Emeritus of McKinsey & Company, a global management consulting company, a firm he joined in 1967. From 1981 to 1990, he managed the firm’s Chicago office, and has also led McKinsey’s Strategy Practice and Organization Practice. He served on the firm’s Director Committee for ten years and its Shareholder Committee for nine years.

Michael has served on a number of civic and charitable boards of directors and the committees thereof, including Boston College, the Archdiocese of Chicago and the Aspen Music Festival and School.

He continues to be a member of the Investment Committee of the Archdiocese of Chicago and the Board, Executive, Investment and Development Committees of the Aspen Music Festival. He is also a Board Director of Textura Corporation.


Michael received a B.S. in physics and an M.A. in mathematics from Boston College and an M.B.A. from the Wharton School of the University of Pennsylvania. Michael brings to our board extensive management, leadership and advisory experience gained over an extensive business career.


Steven J. Provenzano

Former Managing Director for BP America Production Company

Steven has worked in the energy business for twenty-five years with an emphasis on energy trading, structured origination and commodity-linked finance. He has built successful businesses for large corporations, worked in senior management roles and serves on executive committees.  He has direct experience executing complex deals for customers, deciding significant commercial and infrastructure strategies and engaging in regulatory processes.  He departed BP after twelve years to enjoy time with his family, focus on non-profit activities and pursue his own commercial interests in structured energy finance.


At BP from 2003 to 2015, Steven served as the Chief Commercial Officer of Structured Products and held key BP leadership roles the for trading and marketing divisions.  BP Structured Products grew from two to thirty professionals managing 400 corporate customers throughout the Americas.  Structured Products executed large and innovative structures throughout the energy spectrum and was consistently recognized by energy risk magazine, Mastiogale & Company and Greenwich Associates as an industry leader. Steven guided BP Energy Company to become the first non-financial institution to register as a Swap Dealer under Dodd-Frank regulations in 2013.  Other duties also included managing the Quantitative Analytics, Power Origination and Structuring teams.


Prior to BP, Steven lead the natural gas and power origination business at AEP Energy Services. From 1993 to 2001, Mr. Provenzano was a Director at Bankers Trust and Deutsche Bank, where he gained experience as a derivatives trader and commodity-linked finance originator.  He was a member of the Bankers Trust team that established the risk management business unit for Shell Trading.  Early in his career, he gained experience in energy operations, logistics and accounting for MG Energy and Phibro Energy.


Steven has a Bachelor of Arts degree in Economics from Yale University where he was a member of the football team.  He serves as a Trustee for the Galveston Bay Foundation, is an Executive Board member for The Monarch School and Institute and is a member of River Oaks Baptist School Athletic Committee.   He resides in Houston with his wife and three children.



Sylvia Munson

CEO, Contents Under Pressure

Sylvia has worked in the natural gas industry for more than 30 years. With a background in chemistry and computer science, her primary role has been as a consultant helping companies meet regulatory requirements and implement technology solutions for natural gas. Sylvia has worked in production, gathering, midstream, intrastate, interstate, and local distribution companies. During this time, she has worked in IT, Regulatory Affairs, Marketing, Sales and, Training. She has contributed writing to several energy publications and has been interviewed by several energy-trade publications.


Sylvia has participated in the North American Energy Standards Board (NAESB) since its inception, serving on the Board of Directors and Executive Committee, as the chair of multiple subcommittees, teaching standards classes, and writing standards. She is currently serving on the Board of Directors.


Sylvia has taught the principles of natural gas transportation and the associated regulatory processes in four countries - Canada, Mexico, India and the United States. She continues to teach and consult on regulatory implementations.


Sylvia is the author of Contents Under Pressure: The Complete Handbook of Natural Gas Transportation (2015).


Ms. Munson has also participated in a congressional study on the Internet as one of the US Critical Infrastructures during President Clinton’s administration. She has served as an expert witness for software technology and software implementation related court cases.


Sylvia loves the gas industry, and is proud to be a part of the work that she has done.



Company Headquarters:

1001 Warrenville Road, Suite 255

Lisle, Illinois 60532

Phone Number

888 943 0340


Email Address

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Energy Settlement Network®

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Contact Information

Aquilon Energy Services, Inc.

ESN® settles wholesale energy commodities with all your counterparties on an industry standard platform.

Perform your ISO settlements and reconciliation with all your ISOs

Houston Office:

808 Travis Street, Suite 400

Houston, Texas  77002

The industry standard platform built with input from Aquilon's Energy Industry Advisors.

© Copyright 2018 Aquilon Energy Services, Inc. All Rights Reserved. Intellectual Property Notice