Adams Resources & Energy, Inc. Appoints Kevin J. Roycraft to the Board of Directors
August 17, 2022 at 04:07 pm
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Adams Resources & Energy, Inc. announced that on August 12, 2022, Kevin J. Roycraft, Chief Executive Officer and President of the Company, accepted an appointment to the Company's board of directors. In connection with his appointment, the board of directors increased the size of the board from seven to eight members. As an executive of the Company, Mr. Roycraft will not receive any additional compensation in connection with his services on the board of directors and will not serve on any committees of the board.
Adams Resources & Energy, Inc. is engaged in crude oil marketing, truck, and pipeline transportation, terminalling and storage in various crude oil and natural gas basins in the lower 48 states of the United States. The Company also conducts tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk primarily in the lower 48 states of the United States, with deliveries into Canada and Mexico, and with 17 terminals across the United States. Its segments include crude oil marketing, transportation, and storage; tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk; pipeline transportation, terminalling and storage of crude oil, and interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, and other chemicals. Its subsidiaries include Service Transport Company, Ada Resources, Inc., and Phoenix Oil, Inc.