Company Snapshot
Adams Resources & Energy, Inc., together with its subsidiaries, engages in marketing
crude oil, natural gas, and petroleum products. It purchases crude oil, and arranges
sales and deliveries to refiners and other customers in Texas and Louisiana with
additional operations in Michigan and New Mexico; purchases, distributes, and markets
natural gas; and offers value added services by providing access to common carrier
pipelines and handling daily volume balancing requirements, as well as risk management
services. The company also markets branded and unbranded refined petroleum products,
such as motor fuels comprising automotive gasoline, biodiesel, and conventional
diesel fuel; and lubricants consisting of passenger car motor oils, and industrial
oils and greases. In addition, it involves in railroad servicing industry by fueling
and lubricating locomotives, as well as performing routine maintenance on the power
units; and operates as a direct-to-vessel marine fuel and lube vendor primarily
in Texas Gulf Coast and southern Louisiana. Further, the company transports liquid
chemicals on a 'for hire' basis in the continental United States and Canada, as
well as engages in the exploration and development of domestic oil and natural gas
properties primarily in Texas and the south central region of the United States.
Adams Resources & Energy, Inc. was founded in 1973 and is headquartered in Houston,
Texas.