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



     GENESIS ENERGY, L.P. RECEIVES NEW $130 MILLION REVOLVING
     CREDIT FACILITY AND SUSPENDS FOURTH QUARTER DISTRIBUTION


       December 28, 2001--Genesis Energy, L.P. (AMEX:GEL) announced
today that it entered into a two-year $130,000,000 Senior Secured
Revolving Credit Facility ("Facility") with Citicorp North
America, Inc. ("CNAI").  CNAI is an affiliate of Salomon Smith
Barney Inc., the owner of the general partner of Genesis.  As
previously announced, the Facility will be used to refinance
existing obligations and for general operational purposes.  Of
the total, $25,000,000 will be available in the form of loans for
working capital.  The Facility replaces the current $100,000,000
master credit support agreement with Salomon Smith Barney and the
$25,000,000 working capital facility.

       The Facility contains provisions that prohibit distributions
to Genesis' limited partners unless specific financial thresholds
are met.  The terms of the Facility prohibit Genesis from making
distributions to its unitholders unless its borrowing base
exceeds its usage of the facility plus the amount of the
quarterly distribution by at least $20,000,000 for each day of
the fiscal quarter immediately preceding the declaration date of
the distribution.  Due to increased demand by counterparties for
credit support as a result of Enron-related events, Genesis did
not meet the financial threshold required under the Facility for
the fourth quarter of 2001 and will not be making the
distribution scheduled to be paid on February 14, 2002.

       "We are pleased to have obtained the two-year $130,000,000
Senior Secured Revolving Credit Facility with CNAI," said Mark
Gorman, President and CEO of Genesis.  "Unfortunately, credit
requirements in the energy industry have changed following
Enron's financial collapse.  As a result, we must take action to
increase Genesis' working capital and strengthen its balance
sheet.  While it is currently unclear when we will be able to
resume quarterly distributions to our unitholders, we are
committed to doing so as quickly as possible."

       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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