Genesis Energy, L.P. Prices Public Offering of Common Units

HOUSTON--(Business Wire)--Genesis Energy, L.P. (AMEX:GEL) announced today that it has priced
its offering of 8,000,000 common units at a price to the public of
$22.00 per unit, representing a 1,000,000 unit increase above the
original planned offering of 7,000,000 common units. In connection
with the public offering, the Partnership's general partner will
purchase 638,898 common units at the same price, less the underwriting
commission. The Partnership has granted the underwriters a 30-day
option to purchase an additional 1,200,000 common units to satisfy any
over-allotments.

UBS Investment Bank and Wachovia Securities acted as joint
book-running managers of the offering and Goldman Sachs & Co., RBC
Capital Markets Corporation, Banc of America Securities LLC, Deutsche
Bank Securities Inc. and Sanders Morris Harris acted as co-managing
underwriters.

Excluding the Underwriters' over-allotment option, the Partnership
will receive net cash proceeds from the offering (after payment of
underwriting discounts and estimated offering expenses), the
concurrent offering to the Partnership's general partner and the
proportionate capital contribution by the Partnership's general
partner of $185.3 million. Genesis will use the net proceeds from this
offering for general partnership purposes, which may include, among
other things, temporarily repaying a portion of the indebtedness under
its credit facility and, ultimately, funding a portion of its future
growth expenditures.

A copy of the final prospectus supplement and related base
prospectus, meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, can be obtained by contacting either UBS
Securities LLC at 888-827-7275 or Attention Equity Syndicate at
212-713-2626, or Wachovia Securities, Equity Syndicate Dept., 375 Park
Avenue, New York, N.Y., 10152 (e-mail: equity.syndicate@wachovia.com).

This news release does not constitute an offer to sell or a
solicitation of an offer to buy these 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.

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, to a lesser
extent, natural gas 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 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. 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, managing operating costs, completion of capital projects
on schedule and within budget, consummation of accretive acquisitions,
capital spending, environmental risks, government regulation, our
ability to meet our stated business goals and other risks noted from
time to time in our Securities and Exchange Commission filings. Actual
results may vary materially. We undertake no obligation to publicly
update or revise any forward-looking statement.

Genesis Energy, L.P.
Ross A. Benavides, 713-860-2528
Chief Financial Officer

Copyright Business Wire 2007