Kodiak Oil & Gas (KOG) 8-K Entry into a Material Definitive Agreement

Exhibit 12.1

KODIAK OIL & GAS  CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	For the six months ended			For the years ended December 31,
	June 30, 2014			2013			2012			2011			2010			2009
	(in thousands)
Pretax income (loss) from continuing operations	$	81,284		$	234,016		$	158,384		$	3,875		$	(2,402	)	$	(2,563	)
Add: Fixed charges	66,278			109,024			69,090			27,475			565			36
Add: Amortization of capitalized interest	3,519			5,768			2,604			241			—			—
Less: Capitalized interest	(16,000		)	(34,600		)	(46,000		)	(8,374		)	(470		)	—
Earnings before fixed charges	$	135,081		$	314,208		$	184,078		$	23,217		$	(2,307	)	$	(2,527	)
Fixed charges
Estimated interest component of rent	$	124		$	124		$	130		$	111		$	12		$	11
Capitalized interest	16,000			34,600			46,000			8,374			470			—
Interest expense	50,154			74,300			22,960			18,990			83			25
Total Fixed charges	$	66,278		$	109,024		$	69,090		$	27,475		$	565		$	36
Ratio of Earnings to Fixed charges	2.04			2.88			2.66			—			—			—
Insufficient coverage	$	—		$	—		$	—		$	(4,258	)	$	(2,872	)	$	(2,563	)