Energy industry veteran Sid Perkins launched Snapper Creek Energy, a new data-driven commodity brokerage specializing in traditional, renewable and transitional energy markets.
The new team includes brokers and research analysts who can provide in-depth research, proprietary data and analytics, and execution services. It also includes Sid’s brother Ike Perkins, who is CFO. The firm’s potential clients are trading firms, macro hedge funds, banks and oil companies looking to leverage three brokerage desks focused on natural gas, carbon and natural gas liquids (NGLs).
“The energy markets are ever-evolving, and as the global transition to a zero-carbon economy continues to drive market volatility, we believe there is a critical need for trusted brokerage partners who can help clients navigate shifting market complexities with speed and certainty,” said Sid Perkins, who brings over two decades of relevant industry experience to Snapper Creek.
Prior to founding the firm, he served as a managing partner at ION Energy Group, a commodity brokerage firm he founded in 2008. At ION, he worked on the natural gas brokerage desk, which was responsible for brokering the first-ever natural gas trade listed on the Nasdaq, and personally brokered over nine figures worth of commissions. Under his management, ION gained nearly $1 billion in brokerage revenue and grew to become a market leader across the oil and gas space. During this time, ION’s NGL brokerage desk also brokered the first-ever NGL trade listed on the Nasdaq.
Prior to ION, he was a Partner at LCM Commodities where he launched and oversaw the NGL brokerage desk. Earlier in his career, he oversaw the NGL business at Bank of America.
For his part, Ike Perkins brings 13 years of relevant industry experience to Snapper Creek. Prior to founding the firm, he served on the Structuring and Investments team at Mercuria Energy America, where he managed a portfolio of equity/debt investments in the renewable energy space. Prior to Mercuria, he was a vice president in the Merchant Banking Group at Brown Brothers Harriman and worked on various trading desks at global physical commodity firm Bunge.
“Today’s energy market dynamics are generating increased demand for high quality brokerage services executed by a team of professionals who place clients first,” added Ike Perkins. “Looking ahead, we will seek to thoughtfully and strategically scale our team with top talent and capabilities with differentiated offerings to the benefit of current and future clients.”