Exhibit 10.11

              Summary of Genesis Energy, Inc. Director Compensation

The independent directors of Genesis Energy, Inc., the general partner of
Genesis Energy, L.P., receive an annual fee of $30,000. The Audit Committee
Chairman receives an additional annual fee of $4,000 and all members of the
Audit Committee receive $1,500 for attendance at each committee meeting. Denbury
receives $120,000 from the Partnership for providing four of its executives as
directors. Directors who are members of management of the general partner do not
receive a fee for serving as a director.

The non-employee directors received stock appreciation rights under the same
terms as the Executive Officers of the General Partner, pursuant to the Genesis
Energy, Inc. Stock Appreciation Rights Plan. For purposes of determining the
number of stock appreciation rights to be granted to individual directors, the
compensation used for the directors is as follows:

- -        Directors from Denbury                  $30,000 each
- -        Audit Committee Chairman                $40,000
- -        Audit Committee member                  $36,000 each