What does AE mean in AMEX SYMBOLS

Company Overview

Adams Resources & Energy is a leading independent oil and gas exploration company that provides exploration, development, production, transport, supply and marketing services to customers in the United States. Through its two divisions – Crude Oil Marketing Division and Tanker Division – Adams Resources & Energy focuses on acquiring low-cost opportunities that generate strong returns on investment. Additionally, it seeks out areas of potential growth related to alternative sources of energy such as oil shale or natural gas liquids (NGLs), while leveraging existing operations for further innovation.

Core Business Activities

Adams Resources & Energy's core business activities revolve around finding new energy sources through exploration efforts that include seismic surveys; drilling exploratory wells; geophysical evaluation; reservoir engineering analysis; geomechanical studies; biogeochemical testing; core sampling; data interpretation research; engineering evaluations; mapping subsurface formations; developing and producing projects involving mature fields or newly discovered reservoirs. Additionally, the company acquires low cost prospects through asset divesting strategies which often involves acquiring properties with known reserves or near-term drilling commitments. It also works in tandem with third parties to finance projects when necessary.

Focus Areas

Adams Resources & Energy directs much of its focus toward utilizing advanced technology for specific operations such as directional drilling operations that enable access to hard-to-reach areas or completion activities such as designing optimized hydraulic fracturing stimulation techniques to maximize production rates from unconventional wells. On the non-exploration side of the business, Adams Resources & Energy strives to maximize value via joint ventures where possible while taking part in acquisitions when strategic objectives can be achieved efficiently.