Hicks Acquisition Co I S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

Computation of Ratio of Earning to Fixed Charges and Preferred Stock Dividends

Resolute Energy Corporation

Ratio of Earning to Fixed Charges and Preferred Stock Dividends

(in thousands)

	Three Months Ended March 31,		Years Ended December 31,
	2017		2016			2015			2014			2013			2012
Earnings:
Income (loss) before income taxes		1,473		(161,631	)		(764,633	)		(25,990	)		(178,485	)		29,857
Fixed charges, excluding capitalized interest		18,236		53,534			67,384			35,845			33,499			18,758
Earnings		19,709		(108,097	)		(697,249	)		9,855			(144,986	)		48,615
Fixed charges:
Interest expense, including capitalized interest		20,201		54,813			70,345			46,429			47,832			22,094
Estimate of interest within rental expense		539		2,851			3,026			4,356			4,198			3,235
Fixed charges		20,740		57,664			73,371			50,785			52,030			25,329
Preferred stock dividends (a)		1,270		1,184			—			—			—			—
Ratio of earnings to fixed charges and preferred    stock dividends	(b)		(b)			(b)			(b)			(b)				1.9

(a) The amounts disclosed herein for preferred stock dividends represent both the dividends declared and the dividends accumulated for the period.

(b) Ratio is less than one; earnings are inadequate to cover fixed charges. The dollar amount of the coverage deficiency was $2.3 million for the three months ended March 31, 2017 and $166.9 million, $770.6 million, $40.9 million and $197 million for the years ended December 31, 2016, December 31, 2015, December 31, 2014 and December 31, 2013, respectively.