Energy XXI Texas Onshore S-3ASR Automatic shelf registration

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth the ratio of consolidated earnings to fixed charges for Energy XXI for each of the periods presented:

	Six Months Ended December 31,			Fiscal Year Ended June 30,
	2012			2012			2011			2010			2009			2008
Ratio of earnings to fixed charges		2.37	x		3.92	x		1.51	x		1.39	x		—	(1)		1.40	x

(1) Earnings for the fiscal year ended June 30, 2009 were insufficient to cover fixed charges and preferred security dividends by approximately $594 million due principally to a non-cash charge of approximately $577 million associated with a ceiling test write down for such period.

For purposes of calculating the ratio of earnings to fixed charges and preferred security dividends:

· “fixed charges” represent interest expense and amortization of deferred financing fee and original discount and preferred security dividend requirements; and

· preferred security dividends “earnings” is defined as pre-tax income (loss) plus fixed charges, less preferred security dividends.

The following table sets forth the ratio of consolidated earnings to fixed charges for Gulf Coast for each of the periods presented:

	Six Months Ended December 31,			Fiscal Year Ended June 30,
	2012			2012			2011			2010			2009			2008
Ratio of earnings to fixed charges		2.91	x		4.55	x		1.80	x		1.46	x		—	(1)		1.45	x

(1) Earnings for fiscal year ended June 30, 2009 were insufficient to cover fixed charges by approximately $604 million due principally to a non-cash charge of approximately $577 million associated with a ceiling test write down for such period.

For purposes of calculating the ratio of earnings to fixed charges:

· “fixed charges” represent interest expense and amortization of deferred financing fees; and

“earnings” represent the charges, earnings (loss) is defined as pre-tax income (loss) plus fixed charges.