|
Balance Sheet Cash Flow Statement 4400 Post Oak Pkwy., Ste. 2700 Houston, TX 77027 TX Tel. 713-881-3600 Fax 713-881-3491 |
Type: Public
On the web:
http://www.adamsresources.com
Employees:
742
Employee growth: (0.8%)
Bud Adams may have moved his football team to Tennessee years ago, 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 via more than 110 trucks, 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 6.4 billion cu. ft. of natural gas and 230,000 barrels of oil. The company's primary operations are all within a 1,000-mile radius of Houston. Chairman and CEO Adams, owner of the NFL's Tennessee Titans, controls 49.3% of the company.
Key numbers for fiscal year ending December, 2008:
Sales: $4,159.7M
One year growth: 57.8%
Net income: ($5.6)M
Officers:
Chairman and CEO: K. S. (Bud) Adams Jr.
President, COO, and Director: Frank T. (Chip) Webster
VP and CFO: Richard B. (Rick) Abshire
Competitors:
Abraxas Petroleum
Exxon Mobil
Royal Dutch Shell
