Organization and Basis of Presentation Organization Adams Resources &amp; Energy, Inc. (AE), a Delaware corporation organized in 1973, and its subsidiaries are primarily engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals and dry bulk, and oil and gas exploration and production. 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. We operate and report in three business segments: (i) crude oil marketing, (ii) tank truck transportation of liquid chemicals and dry bulk, and (iii) oil and gas exploration and production. We expect to exit the oil and gas exploration and production business later this year. On April 21, 2017, Adams Resources Exploration Corporation (AREC), our wholly owned subsidiary, 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 continues to operate its business and manage 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 is the primary creditor in the Chapter 11 process. Over the past few years, we have de-emphasized our upstream operations and do not expect this Chapter 11 filing by AREC to have a material adverse impact on any of our core businesses. On May 3, 2017, AREC filed a motion with the Bankruptcy Court for approval of an auction process and engagement of Oil &amp; Gas Asset Clearinghouse 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 pursuant to Section 363 of the Bankruptcy Code. As a result of the voluntary bankruptcy filing in