Summary of GENESIS ENERGY LP

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On August 26, 2008, Genesis Energy, L.P. ("GEL") issued a press release announcing that Ross A. Benavides will relinquish his position as Chief Financial Officer of Genesis Energy, Inc., the general partner of GEL effective October 1, 2008, and will continue in his position as General Counsel with the title Senior Vice President and General Counsel. Due to the growth of GEL in the last two years, the Board of Directors of Genesis Energy, Inc., the general partner of GEL, determined it was appropriate to separate the positions of Chief Financial Officer and General Counsel.

(c) Effective October 1, 2008, Robert V. Deere has been appointed Chief Financial Officer of Genesis Energy, Inc., the general partner of GEL, by the Board of Directors of Genesis Energy, Inc.

Mr. Deere, age 53, served as Vice President, Accounting and Reporting at Royal Dutch Shell ("Shell") for the last five years, and in positions of increasing responsibility with Shell for five years prior to that appointment. From 1986 to 1998, Mr. Deere served in various roles at Union Texas Petroleum. Mr. Deere began his career at Price Waterhouse in 1976. Mr. Deere is a graduate of the University of Arkansas.

Genesis Energy, Inc. and Mr. Deere have entered into an oral agreement with respect to certain of Mr. Deere's compensation and benefits, pursuant to which Mr. Deere will be entitled to an annual salary of $369,600 and the same medical, dental, disability and life insurance benefits as our other employees. We also expect to enter into a written employment agreement with Mr. Deere by the end of the year with provisions customary in the industry, which will contemplate increases in his base salary as GEL achieves certain performance metrics. Additionally, Mr. Deere will be eligible to earn, together with Mr. Grant E. Sims and Mr. Joseph A. Blount, our chief executive officer and chief operating officer, respectively, up to an aggregate 17.2% of our general partner's incentive distribution rights (which currently are owned by a wholly-owned subsidiary of Denbury Resources Inc.). Such general partner incentive interests will be subject to the terms of the final agreements between our general partner and Messrs. Sims and Blount and may be earned if GEL completes accretive transactions with parties other than affiliates of Genesis Energy, Inc. Mr. Deere will not be eligible to participate in GEL's Stock Appreciation Rights Plan, Severance Protection Plan, or 2007 Long-Term Incentive Plan