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


GENESIS ENERGY, L.P. ANNOUNCES PAYMENT FROM ENRON AFFILIATE AND
          NEW $130 MILLION REVOLVING CREDIT FACILITY

       December 21, 2001 -- Genesis Energy, L.P. (AMEX:GEL)
announced today that it received approximately $21 million from
Enron Reserve Acquisition Corporation for the delivery of 955,000
net barrels of crude oil in November.  Enron Reserve Acquisition
has no additional obligations to Genesis Energy under the terms
of the delivery contract, and Genesis Energy has no other
potential exposure to Enron Corporation or its affiliated
entities.  As a result, Genesis settled its payment obligations
to trade counterparties in the normal course and is in compliance
with its existing credit facilities.

       On December 20, Genesis Energy received a commitment from
Citicorp North America, Inc. ("CNAI") to provide a two-year
$130,000,000 Senior Secured Revolving Credit Facility.  CNAI is
an affiliate of Salomon Smith Barney Holdings Inc, the owner of
the general partner to Genesis.  The new facility will be used to
refinance existing obligations and for general corporate
purposes.  Of the total, $25,000,000 will be available in the
form of loans for working capital.  The transaction, which is
subject to customary closing conditions, is scheduled to close no
later than December 28, 2001.  The CNAI facility will replace the
current $100,000,000 master credit support agreement with Salomon
Smith Barney and the $25,000,000 million working capital
facility.

       The CNAI Revolving Credit Facility will contain provisions
that prohibit distributions to Genesis' limited partners unless
financial thresholds that will be specified in the Credit
Agreement are met.  Due to increased demands by counterparties
for credit support as a result of Enron related events, 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.

       "We are very pleased that the market functioned normally
yesterday," said Mark Gorman, President and CEO of Genesis.
"Difficult times test the strength of business relationships, and
we thank all of our customers, lenders, employees and unitholders
for their support during this period of uncertainty.  We believe
that the Enron matter strengthened the bonds we hold with our
stakeholders and formed a stronger foundation for future growth."

       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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