EXHIBIT 12.1
Alta Mesa Holdings, LP
Ratio of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges
| Three Months Ended | ||||||||||||||||||||||||
| March 31, | ||||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
| Net income (loss) before tax | $ | (12,166 | ) | $ | 14,231 | $ | (50,037 | ) | $ | 36,880 | $ | (27,476 | ) | $ | 9,853 | |||||||||
| Fixed charges: | ||||||||||||||||||||||||
| Interest (1) | 9,240 | 23,981 | 11,949 | 9,212 | 9,010 | 9,741 | ||||||||||||||||||
| Earnings before fixed charges | (2,926 | ) | 38,212 | (38,088 | ) | 46,092 | (18,466 | ) | 19,594 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
| Interest (1) | 9,240 | 23,981 | 11,949 | 9,212 | 9,010 | 9,741 | ||||||||||||||||||
| Total fixed charges | $ | 9,240 | $ | 23,981 | $ | 11,949 | $ | 9,212 | $ | 9,010 | $ | 9,741 | ||||||||||||
Ratio of earnings to fixed charges | NA | 1.59 | NA | 5.00 | NA | 2.01 | ||||||||||||||||||
| (1) | Interest expense includes interest on debt, amortization of discount on debt, and an estimate of the interest expense portion of rent expense. |