Bill Barrett (BBG) 10-K 2009 FY Annual report

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED

FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

	Year Ended December 31,
	2005			2006			2007			2008			2009
	($ in thousands)
Pre-tax income from continuing operations	$	39,027		$	101,136		$	43,998		$	168,434		$	88,174
Fixed charges and preferred dividends		3,465			11,761			14,677			21,853			35,696
Amortization of capitalized interest		—			7			87			149			404
Interest capitalized		—			(968	)		(1,622	)		(1,666	)		(4,576	)
Preferred dividends		—			—			—			—			—
Total adjusted earnings available for payment of fixed charges	$	42,492		$	111,936		$	57,140		$	188,770		$	119,698
Fixed charges and preferred dividends
Interest expense	$	1,999		$	9,783		$	12,119		$	18,128		$	28,143
Interest capitalized		—			968			1,622			1,666			4,576
Amortization of debt-related expenses		1,175			556			482			1,590			2,504
Rental expense representative of interest factor		291			454			454			469			473
Preferred dividends		—			—			—			—			—
Total fixed charges and preferred dividends	$	3,465		$	11,761		$	14,677		$	21,853		$	35,696
Ratio of earnings to fixed charges		12.3	x		9.5	x		3.9	x		8.6	x		3.4	x
Ratio of earnings to combined fixed charges and preferred dividends(1)		12.3	x		9.5	x		3.9	x		8.6	x		3.4	x

(1) The ratio of earnings to combined fixed charges and preferred dividends is the same as the ratio of earnings to fixed charges because no shares of preferred stock were outstanding during those periods.