Genesis Energy, L.P. Announces Secondary Public Offering of Common Units

Genesis Energy, L.P. (NYSE Amex: GEL) today announced the commencement of a secondary public offering of 6,000,000 common units owned by Denbury Onshore, LLC and Denbury Gathering & Marketing, Inc., each an affiliate of Denbury Resources Inc., and James E. Davison, one of the directors of our general partner, and two other members of the Davison family. The underwriters are expected to be granted a 30-day option to purchase up to 900,000 additional common units owned by the Davisons.

We will not receive any of the proceeds from this offering and the number of our outstanding common units will remain unchanged. The offering will be made under two of our effective shelf registration statements on Form S-3, filed with the Securities and Exchange Commission and available on its web site at http://www.sec.gov/.

Wells Fargo Securities, BofA Merrill Lynch, UBS Investment Bank and RBC Capital Markets are acting as joint book-running managers for the common units offering.

A copy of the preliminary prospectus supplement and accompanying base prospectuses relating to this offering, when available, may be obtained from:

Wells Fargo Securities, Attn: Equity Syndicate Dept., 375 Park Avenue, New York, NY 10152. By telephone at (800) 326-5897 or by email at equity.syndicate@wachovia.com.
BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Preliminary Prospectus Department or email Prospectus.Requests@ml.com.
UBS Investment Bank, Attn: Prospectus Department, 299 Park Avenue, New York, NY 10171. By telephone at (888) 827-7275.
RBC Capital Markets, Attn: Equity Syndicate, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, New York 10281, Telephone: (212) 428-6670.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offer is being made only through the prospectus supplement and accompanying base prospectuses, which are part of registration statements that became effective on May 2, 2008 or on March 12, 2010.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis engages in four business segments. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations, principally located in Texas, Louisiana, and Arkansas. The Supply and Logistics Division is engaged in the transportation, storage and supply and marketing of energy products, including crude oil and refined products. The Industrial Gases Division produces and supplies industrial gases such as carbon dioxide and syngas. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, and Florida.

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 we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved, including statements regarding closing of the offering. Actual results may vary materially. We undertake no obligation to publicly update or revise any forward-looking statement.

Genesis Energy (AMEX:GEL)
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