Basic Energy Services (BASWQ) 10-K 2015 FY Annual report

Exhibit 12.1

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

		Year-Ended December 31,
(unaudited)		2015		2014		2013		2012		2011
Earnings:
Income from continuing operations before income taxes	$	(373,075)	$	(7,820)	$	(55,654)	$	29,849	$	76,730
Fixed charges		72,741		73,012		73,589		68,594		59,608
Earnings	$	(300,334)	$	65,192	$	17,935	$	98,443	$	136,338
Fixed charges:
Rental expense	$	4,638	$	5,621	$	6,081	$	6,156	$	5,722
Interest expense		68,103		67,391		67,508		62,438		53,886
Fixed charges	$	72,741	$	73,012	$	73,589	$	68,594	$	59,608
Ratio of earnings to fixed charges		(a)		(a)		(a)		1.4x		2.3x

(a) Earnings were inadequate to cover fixed charges for the years ended December 31, 2015,  2014 and 2013 by $373.0 million, $7.8 million and $55.7 million, respectively.