Adams Resources Company Description
Bud Adams may have moved his football team to Tennessee, but his Adams Resources & Energy remains a Houston oiler. Subsidiary Gulfmark Energy buys crude oil at the wellhead for transport to refiners and other customers, and the company's Ada Resources subsidiary markets refined petroleum products such as gasoline and diesel fuel. With exploration and production mainly in Texas and Louisiana, Adams Resources boasts proved reserves of 7.1 billion cu. ft. of natural gas and 297,000 barrels of oil. Chairman and CEO Adams, owner of the NFL's Tennessee Titans, controls 49.3% of the company.
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The Company Description provides a historical perspective of Adams Resources's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Adams Resources's evolution in the marketplace.
