Adams Resources and Energy Inc. is a Fortune 1000 company engaged in the production and marketing of crude oil, natural gas and liquid chemical products. Adams was founded by K. S. “Bud” Adams Jr. in 1947, as the ADA Oil Company and went public in 1974. The Company and its subsidiaries presently have over 800 employees.
The Company’s GulfMark Energy, Inc. subsidiary purchases crude oil from independent producers primarily in Texas, Louisiana, and Michigan; and arranges sales and deliveries to refiners and other customers. GulfMark purchases approximately 65,000 barrels per day at the wellhead.
The Company’s Service Transport subsidiary transports liquid chemicals on a “for hire” basis throughout the continental United States and Canada, and its Adams Resources Exploration Corporation subsidiary is actively engaged in the exploration and development of domestic oil and gas properties primarily along the Gulf Coast of Texas and Louisiana.
Traded as: NYSE: AE; Russell 2000 Index component
Founded: 1947
Founder: Bud Adams
Headquarters: Houston, Texas
Owner: Bud Adams’ heirs (via KSA Industries, Inc.): (39%)
Subsidiaries: Gulfmark Energy, Inc.
Website: www.adamsresources.com