Adams Resources & Energy, Inc.

The operations of Adams Resources & Energy, Inc. were originally founded by K. S. "Bud" Adams Jr. in 1947 as a private concern. The Company completed its initial public offering in 1974 and Mr. Adams continues to serve as Chairman and Chief Executive Officer. The Company and its subsidiaries presently have over 700 employees. The Company's Ada Resources, Inc. subsidiary markets branded and unbranded refined petroleum products, such as motor fuels and lubricants. Begun in 1946 as a provider to the then booming branded service station market, Ada Resources, Inc. has evolved into a wholesale supplier of motor fuels and lubricants primarily to the marine, railroad and refinery industries. The company is continually seeking entry into new and more innovative markets. For example, we are now participating in petroleum product supply for the support of refinery / chemical plant turn-arounds. As we continue to look ahead, however, we have not forgotten the business base that brought us to where we are today. Ada Resources remains a viable and synergistic partner in the branded retail fuel industry. Integral to both the retail and industrial markets is the ability to supply fuel and lubricants from quality, high integrity sources. To that end, we continue to enjoy long-term contracts with a number of major branded suppliers, including ConocoPhillips, Citgo, and BP Castrol.