FOR IMMEDIATE RELEASE
                                            Contact: Ross A. Benavides
                                                     Chief Financial Officer
                                                    (713) 860-2528


                  GENESIS ENERGY, L.P. COMPLETES ACQUISITION OF
                        CO2 ASSETS FROM DENBURY RESOURCES

         October 12, 2005 - Genesis Energy, L.P. (AMEX:GEL) announced today that
it has completed an acquisition of an interest in 80.0 Bcf of CO2 under a
volumetric production payment, plus certain marketing rights, from Denbury
Resources, Inc. (Denbury) for $14.4 million. A Denbury subsidiary is the general
partner of Genesis.

         Mark J. Gorman, President and CEO of Genesis said, "We are pleased to
complete this transaction. This is the third volumetric production payment that
we have acquired from Denbury. It is a continuation of our ongoing work with
Denbury to develop strategic opportunities that mutually benefit our Unitholders
and their shareholders. This transaction will be accretive and contributes to
our ability to increase the distribution."

         Genesis purchased the CO2 assets from Denbury for $14.4 million in
cash. Denbury assigned to Genesis an interest in 80.0 Bcf of CO2 under a
volumetric production payment and Denbury's existing long-term CO2 supply
agreements with two of its industrial customers. The terms of the industrial
sales contracts include minimum take-or-pay volumes and maximum delivery
volumes. Denbury will also provide processing and transportation services for a
fee. For the next five years, based upon current conditions, Genesis projects
that approximately $3.2 million per year in operating income will be generated
from this CO2 acquisition. The purchase was funded with Genesis' revolving
credit facility with a group of banks led by Bank of America.

          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, and Mississippi.
Genesis Energy, L.P. also operates a wholesale CO2 sales business.

         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, it can give no assurance that its goals
will 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, environmental risks, government regulation, the
ability of the Partnership to meet its stated business goals and other risks
noted from time to time in the Partnership's Securities and Exchange Commission
filings.