Organization and Basis of Presentation Organization Adams Resources &amp; Energy, Inc. (AE) is a publicly traded Delaware corporation organized in 1973, the common shares of which are listed on the NYSE MKT LLC (NYSE MKT) under the ticker symbol AE. We and our subsidiaries are primarily engaged in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins in the lower 48 states of the United States (U.S.). We also conduct tank truck transportation of liquid chemicals and dry bulk and ISO tank container storage and transportation primarily in the lower 48 states of the U.S. with deliveries into Canada and Mexico and with terminals in the Gulf Coast region of the U.S. Unless the context requires otherwise, references to we, us, our, the Company or AE are intended to mean the business and operations of Adams Resources &amp; Energy, Inc. and its consolidated subsidiaries. On April 21, 2017, one of our wholly owned subsidiaries, Adams Resources Exploration Corporation (AREC), filed a voluntary petition in the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court) seeking relief under Chapter 11 of Title 11 of the United States Code (the Bankruptcy Code), Case No. 17-10866 (KG). AREC operated its business and managed its properties as debtors-in-possession under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and order of the Bankruptcy Court. AE was the primary creditor in the Chapter 11 process. On May 3, 2017, AREC filed a motion with the Bankruptcy Court for approval of an auction process to sell its assets pursuant to Section 363 of the Bankruptcy Code and for approval to engage an advisor to conduct the auction. The auction commenced on July 19, 2017 to determine the highest or otherwise best bid to acquire all or substantially all of ARECs assets. During the third quarter of 2017, Bankruptcy Court approval was obtained on three asset purchase and