FOR IMMEDIATE RELEASE               Contact:  Genesis Energy, L.P.
                                              Ross A Benavides
                                              Chief Financial Officer
                                              (713) 860-2528


          GENESIS ENERGY, L.P. ANNOUNCES EXPOSURE TO ENRON

       December 3, 2001 -- Genesis Energy, L.P. (AMEX:GEL) announced today
that its potential net exposure to Enron is approximately $21 million.  In
November, Genesis Energy delivered approximately 955,000 net barrels of
crude oil to Enron.  Pursuant to the delivery contracts, the entire $21
million is due and payable on December 20, 2001.  Should Enron not meet its
obligation, defaults under Genesis Energy?s debt instruments may occur and
Genesis Energy may be required to suspend its distributions beginning with
the fourth quarter distribution of 2001 scheduled to be paid on February
14, 2002.

       If Enron is unable to meet its obligation to make the $21 million
payment on December 20, 2001, Genesis Energy may default under its master
credit support agreement with Salomon Smith Barney (Salomon) and its
working capital facility.  Genesis Energy has initiated discussions with
its lenders regarding the potential defaults.  Management plans to continue
to take all appropriate action to protect the interests of Genesis and its
unitholders.

       On November 26, 2001, Salomon amended and extended its master credit
support agreement with Genesis Energy in an amount of $100 million, which
was scheduled to terminate on December 31, 2001, through March 31, 2002.
Genesis Energy is seeking to replace the master credit support agreement
with Salomon and its existing working capital facility with a third party
$100 million facility for letters of credit and working capital borrowings.
Due to Enron-related events, Genesis Energy may not be able to obtain such
new third-party facility.

       On August 10, 2001, GEL Acquisition Partners, L.P. (GA Partnership)
and Genesis Energy announced that Salomon and GA Partnership had executed a
definitive agreement to transfer ownership of Genesis Energy, L.L.C., the
general partner of Genesis Energy, to GA Partnership.  It was previously
announced that the transaction was expected to close on or before November
30, 2001.  The parties have extended the definitive agreement to December
31, 2001, but the consummation of the transaction remains subject to the
conditions set forth in the definitive agreement.

       Genesis Energy, L.P., operates crude oil common carrier pipelines and
is an independent gatherer and marketer of crude oil in North America, with
operations concentrated in Texas, Louisiana, Alabama, Florida, Mississippi,
New Mexico, Kansas and Oklahoma.

       This press release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934.  Although Genesis believes that its
expectations are based upon reasonable assumptions, its goals may not be
achieved.  Important factors that could cause actual results to differ
materially from those in the forward looking statements herein include the
timing and extent of changes in commodity prices for oil, ability to obtain
adequate credit facilities, ability to make acquisitions, environmental
risks, government regulation, the ability of the Company to meet its stated
business goals and other risks noted from time to time in the Company's
Securities and Exchange Commission filings.

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