Adams Resources & Energy
Adams Resources & Energy, Inc. (NYSE:AE) (“Adams” or "AE") is primarily engaged in the business of crude oil marketing and tank truck transportation of liquid chemicals and dry bulk through its two wholly-owned subsidiaries GulfMark Energy, Inc. (‟GulfMark”) and Service Transport Company.
GULFMARK ENERGY, INC.
Gulfmark purchases crude oil and arranges sales and deliveries to refiners and other customers. Activity is concentrated primarily onshore in Texas, Oklahoma, North Dakota, Michigan and Louisiana. Gulfmark operates 156 tractor-trailer rigs and maintains over 120 pipeline inventory locations or injection stations. Gulfmark has the ability to barge oil from four oil storage facilities along the intercoastal waterway of Texas and Louisiana and maintains 425,000 barrels of storage capacity at dock facilities to access waterborne markets for its products.
Service Transport transports liquid chemicals and to a lesser extent dry bulk throughout the continental United States and Canada. Service Transport operates 308 truck tractors of which 259 are Company owned with 49 independent owner-operator units. The Company also owns and operates 558 tank trailers. In addition, Service Transport operates truck terminals in Houston, Corpus Christi, and Nederland, Texas as well as Baton Rouge (St. Gabriel), Louisiana, St. Rose, Louisiana and Mobile (Saraland), Alabama. Service Transport is engaged in the ISO tank transportation, storage and delivery business.