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ADAMS RESOURCES AND ENERGY ANNOUNCES COMPLETION OF NO. 1-H WELL BY WHOLLY OWNED SUBSIDIARY CORPORATION

 HOUSTON, March 17 /PRNewswire/ -- K.S. "Bud" Adams Jr., chairman and president of Adams Resource & Energy, Inc. (AMEX: AE) today announced the recent completion by the company's wholly owned subsidiary, Adams Resource Exploration Corporation, of the Nix No. 1-H well in Ann T. Woolridge Survey A-244, Burleson County, Texas.
 The well was drilled to a vertical depth of 8,630 feet and then drilled horizontally 3,100 feet at a total cost of $712,000. It was completed on a 24-hour test flowing 167 barrels oil, 436 barrels load water and 610 Mcf of gas with a flowing tubing pressure of 100 psi through a 1 inch choke. Adams Resources Exploration Corporation has a 33-1/3 percent working interest in the well.
 The company plans to drill five more horizontal wells in the Giddings-Austin chalk area during 1993, with the next scheduled for June.
 -0- 3/17/93
 /CONTACT: Donna Oglesby of Adams Resources & Energy, Inc., 713-797-9966/
 (AE)


CO: Adams Resource & Energy, Inc. ST: Texas IN: OIL SU: DSC

CK -- NY049 -- 7024 03/17/93 12:03 EST
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Publication:PR Newswire
Date:Mar 17, 1993
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