Dallas, 20 May 2010

Allegro Development Corp., the leading provider of energy trading and risk management (ETRM) solutions, announced today that Genesis Energy, L.P. has selected the Allegro 8 platform to manage their crude oil gathering and refined products operations.  The Allegro solution will provide Genesis with improved visibility into crude purchases, physical logistics, refiner services, storage and hedging activities along with the flexibility to scale with the company’s planned future growth.

Genesis Energy is a growth-oriented master limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States.  Genesis has a diverse portfolio of operations and assets, including sulfur removal refinery services, pipelines, storage tanks and terminals, trucks, and barges.

Genesis was seeking a single, robust platform to manage their lease crude purchasing and revenue distribution as well as their petroleum products and storage businesses.   Allegro 8 offers:

•  Improvements in speed and accuracy in the management of divisions of interest (DOIs) and revenue distribution to royalty interest owners.

• More effective hedging by the petroleum products and storage groups in trading around heavy liquids and storage assets with derivatives transactions.

• The ability to fully integrate with Oracle Financials (using Allegro’s ERP Connect) to streamline operations and improve overall visibility.

“We require a platform that can most effectively manage our diverse operations and provide the enterprise-wide visibility our business demands.   Allegro is that solution,” said Genesis Energy CFO, Bob Deere. “Allegro’s architecture and depth of functionality will allow us to scale our business as we continue to execute on our growth strategy.”

“We are pleased that midstream oil and gas companies like Genesis Energy continue to select Allegro,” said Eldon Klaassen, Allegro Chairman and CEO.  “Our solution gives Genesis the tools they need to improve profitability and increase operational efficiency.  Gaining efficiency during a time of rapid growth is not always easy, and Allegro 8 will help to enable that growth at Genesis.”

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