EXHIBIT 12-1
| Statement of Computation of Ratio of Earnings to Fixed Charges |
| (UNAUDITED) |
| Atlas Energy Resources, LLC |
| (amounts in thousands except ratios) |
| Year Ended | ||||
| December 31, | ||||
| 2008 | ||||
| Earnings: | ||||
| Net income | $ | 142,779 | ||
| Fixed charges | 61,721 | |||
| Minority interest | 64 | |||
| Income from equity investee | (233 | ) | ||
| Interest capitalized | (4,994 | ) | ||
| Amortization of previously capitalized interest | 423 | |||
| Total | $ | 199,760 | ||
| Fixed Charges: | ||||
| Interest cost and debt expense | $ | 56,306 | ||
Interest allocable to rental expense(1) | 421 | |||
| Interest capitalized | 4,994 | |||
| Total | $ | 61,721 | ||
| Ratio of Earnings to Fixed Charges | 3.24 | |||
| (1) | Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |