Our Team

OUR TEAM

Adams Resources’ strategy is to enhance shareholder value through providing competitive crude oil marketing and transportation services from petroleum producing companies to the refining community, as well as provide safe, reliable and competitive transportation services to customers throughout the U.S, Canada, and Mexico. Adams’ business principles are founded on honesty and integrity and the Company maintains and cultivates an entrepreneurial spirt throughout the organization. Adams believes that strong relationships with its customers and vendors are keys to success for both Adams and its constituents. Additionally, the Company is committed to paying a consistent and reliable dividend.

Senior Management

Kevin Roycraft

Chief Executive Officer & President

Mr. Roycraft currently serves as Chief Executive Officer and President of Adams Resources & Energy, Inc., and has served in these capacities since January 2020. He joined the Company in November 2017 as President of Service Transport Company, in which he served in that capacity until January 2020. In August 2019, he was appointed Interim President of GulfMark Energy, Inc., in which he served in that capacity until March 2020. Prior to joining the Company in 2017, Mr. Roycraft served as Executive Vice President for Dana Transport Inc. from January 2016 through November 2017. From November 2012 through October 2015, he was President and CEO of Aveda Transportation and Energy Services. Mr. Roycraft holds a Bachelor of Science in Organizational Leadership and Supervision from Purdue University.

Greg Mills

President of GulfMark Energy, Inc.

Mr. Mills currently serves as President of GulfMark Energy, Inc., and has served in that capacity since March 2020, when he joined the Company. He has over 20 years of experience in the midstream business, including significant expertise and leadership in crude oil marketing and related operations. Mr. Mills most recently served as Executive Vice President, Commercial Operations at Energy Transfer Partners, L.P. from October 2017 through December 2019 where he was responsible for a multi-billion-dollar crude oil business spanning the Dakotas, Oklahoma, Texas, Midwest and Gulf Coast. Prior to this role, he spent over 19 years at Enterprise Products Partners, L.P. where he held positions of increasing responsibility that culminated in his role as Vice President, Crude Oil Pipelines & Terminals. Mr. Mills holds a Bachelor of Business Administration in Marketing from Northeastern State University.

Tracy E. Ohmart

Executive Vice President
Chief Financial Officer & Treasurer

Mr. Ohmart currently serves as Executive Vice President, Chief Financial Officer and Treasurer, and has served in these capacities since June 2018, when he joined the Company. He was previously with Horn Solutions, Inc. from 2017 to June 2018, and prior to that, he served as Vice President and Chief Financial Officer of United Bulk Terminals USA, Inc. from 2012 to 2016. Mr. Ohmart was Assistant Controller for Southwestern Energy Company from 2010 to 2012 and Assistant Controller for EPCO, Inc. from 2005 to 2009. Prior to that, he held various accounting, finance, management and special projects positions with increasing responsibilities with TEPPCO Partners, L.P. from 2001 to 2005, and ARCO Pipe Line Company from 1989 to 2001. Mr. Ohmart holds a Bachelor of Science in Accounting and Business Administration from the University of Kansas. He is a Certified Public Accountant in the State of Texas.

Wade Harrison

President of Service Transport

Mr. Harrison currently serves as President of Service Transport Company, and has served in that capacity since January 2020. Mr. Harrison joined Service Transport in August 2018 as Vice President of Sales and has 17 years of experience in transportation and logistics operations, management and leadership. Prior to joining Service Transport, Mr. Harrison held positions of increasing responsibility with Groendyke Transport, Inc., which culminated in his role as Vice President of Gulf Coast Operations. He began his career in transportation and logistics with CTL Distribution Logistics, LLC, where he most recently served as Vice President of National Accounts. Mr. Harrison holds a Bachelor of Business Administration degree in Marketing from Sam Houston State University.

Board of Directors

Townes G. Pressler

Chairman of the Board

Mr. Pressler has served as a director since 2011, and is Chairman of the Board of the Company, having been appointed Chairman in September 2017. He was also appointed Executive Chairman of the Company in September 2017, and effective December 31, 2019, he retired as Executive Chairman. Mr. Pressler is President and founder of Tepee Petroleum, an independent oil and gas producer based in Houston, that he founded in 1978. He was also the founder and chairman of VSO Inc. (formerly Pressler Petroleum Consultants, Inc.), which provides engineering consulting services and appraisals, which he founded in 1985, and he divested his interest in October 2018. Prior to 1985, Mr. Pressler was President of Philip Hill Energy, President of Republic Oil and Gas Corp., and Chief Petroleum Engineer for Barnhart Co. after his initial years with Exxon. Mr. Pressler is a 1959 graduate of the University of Texas and holds a Bachelor of Science in Petroleum Engineering and is a Registered Professional Engineer.

Dennis E. Dominic

Board Committee Membership: Compensation, Nomination & Governance and Investment (Chairman)

Mr. Dominic has served as a director since 2019, and he has more than 40 years of experience in the oil business in the areas of refining, marketing and trading. He retired from Valero Energy Corporation (“Valero”) in July 2019 where he served as Vice President of Domestic Crude Supply and Trading from January 2002 until his retirement. Prior to his more than 17 years of service at Valero, Mr. Dominic worked at and enjoyed increasing levels of responsibility at Conoco, Inc., Horizon Trading Company and Sigmor Refining Company (“Sigmor”). In 1982, Mr. Dominic joined Diamond Shamrock Refining Company (“Diamond Shamrock”) when it acquired Sigmor. In 1996, Mr. Dominic joined Ultramar Diamond Shamrock (“Ultramar”) upon Ultramar’s merger with Diamond Shamrock. He was with Ultramar from 1996 until Ultramar was purchased by Valero in 2001. Mr. Dominic holds a Bachelor of Applied Arts and Sciences from Southwest Texas State University and a Master of Business Administration from Incarnate Word University.

Michelle A. Earley

Board Committee Membership: Nomination & Governance (Chairman) and Investment

Ms. Earley has served as a director since 2015, and she currently is a Partner at the law firm of Locke Lord LLP, having joined the law firm in 1998 and having served as a Partner since 2008. Ms. Earley has extensive experience in merger, acquisition, and disposition transactions, securities regulation matters and securities offerings, including representing purchasers and sellers of publicly-traded and privately-held companies, representing issuers and selling shareholders in connection with the public offering and private placement of debt and equity securities, tender offers, exchange offers and advising management and boards of directors on general corporate governance matters. She holds an undergraduate degree from Texas A&M University and a Juris Doctor from Yale Law School.

Richard C. Jenner

Board Committee Membership: Audit, Compensation (Chairman), and Investment

Mr. Jenner has served as a director since 2016, and is the co-managing partner of Endeavor Natural Gas, LP (“Endeavor”), a position he has held since he founded the company in November 2001. Endeavor is a private equity backed upstream energy company with operations throughout Texas and Louisiana. Mr. Jenner has been active in the oil and gas industry for over 30 years, having worked for Santa Fe Minerals, Torch Energy Advisors and Tepee Petroleum Company. His experience throughout his career has touched on all aspects of running an independent oil and gas producer, including operations, engineering, accounting, and mergers and acquisitions. Mr. Jenner holds a Bachelor of Science in Petroleum Engineering from the Colorado School of Mines and a Master of Business Administration from the University of Chicago.

John O. Niemann

Board Committee Membership: Audit (Chairman), Compensation and Investment

Mr. Niemann has served as a director since 2019, and he is a Managing Director of Andersen Tax LLC (formerly known as WTAS LLC) having served in this position since June 2013. He is also the president and chief operating officer of Arthur Andersen LLP, and has been since 2003. He previously served on the administrative board of Arthur Andersen LLP and on the board of partners of Andersen Worldwide. Mr. Niemann began his career at Arthur Andersen LLP in 1978 and has served in increasing responsibilities in senior management positions since 1992.

Mr. Niemann has served as a director and chairman of the audit committee of Hines Global Income Trust, Inc. since August 2014. Since May 2012, he has also served as a director and is currently the chairman of the audit committee of HMS Income Fund, Inc. He previously served as a director and chairman of the audit committee of Gateway Energy Corporation from June 2010 until December 2013 when the company went private.

Mr. Niemann has served on the board of directors of many Houston area non-profit organizations, including Strake Jesuit College Preparatory School (past chair of the board), The Regis School of the Sacred Heart (past chair of the board), The Houston Symphony, The University of St. Thomas, The Alley Theatre and Taping for the Blind, Inc. He graduated with a Bachelor of Arts in Managerial Studies and a Master of Accounting from Rice University, received a Juris Doctor from South Texas College of Law and a Master of Law in taxation from the University of San Francisco School of Law.

Murray E. Brasseux

Board Committee Membership: Audit, Compensation and Nomination & Governance

Mr. Brasseux has served as a director since 2015, and he has extensive banking experience including energy lending practices. He retired from Compass Bank in December 2014 after 20 years of service, having most recently served as Managing Director of Oil & Gas Finance. Mr. Brasseux also served as a consultant to Compass Bank from January 2015 to June 2015 and as a consultant to Loughlin Management Partners (a restructuring and advisory firm) from June 2015 to December 2017. Mr. Brasseux also serves on the board of directors and audit and conflicts committee of the general partner of Enterprise Products Partners, L.P. and on the board of the Rare Book School (an affiliate of the University of Virginia). He holds a Bachelor of Science in Finance and a Master of Science in Finance from Louisiana State University.

W.R. Scofield

Investment

Mr. Scofield has served as a director since 2016, and he is the President and Chief Operating Officer of KSA Industries, Inc. (“KSAI”), our affiliate, having served in this position since April 2015. Mr. Scofield served as Vice President of Corporate Development and Tax Planning at KSAI for more than five years prior to 2015. He has extensive experience with a diverse group of businesses, including oil and gas, agriculture, automotive, insurance and professional sports. Mr. Scofield is a graduate of the University of Texas and holds a Bachelor of Business Administration and a Master of Professional Accounting, specializing in taxation.

Investor Relations Questions?

For questions regarding investor relations or other related matters please contact Tracy E. Ohmart, Chief Financial Officer at tohmart@adamsresources.com or call 713-881-3609.

AE is focused on marketing, transporting and storing crude oil throughout multiple crude oil and natural gas basins in the United States including the Gulf Coast, Eagle Ford Shale, Permian Basin, Bakken Shale, and in Michigan. AE transports various liquid and dry chemicals across the lower 48 states and into Canada and Mexico through its Service Transport Company subsidiary. Service Transport also transports dry bulk materials.

COMPANY INFO

INVESTOR RELATIONS

COMPANY INFO

713-881-3600

Hours: 8 am- 6 pm

hr@adamsresources.com

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