EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(UNAUDITED)
(UNAUDITED)
Atlas Energy Resources, LLC
(amounts in thousands except ratios)
(amounts in thousands except ratios)
| Twelve Months Ended | Six Months Ended | |||||||
| December 31, | June 30, | |||||||
| 2007 | 2008 | |||||||
Earnings: | ||||||||
| Net income | $ | 117,504 | $ | 75,902 | ||||
| Fixed charges | 33,153 | 29,257 | ||||||
| Minority interest | 32 | 38 | ||||||
| Income from equity investee | 158 | (44 | ) | |||||
| Interest capitalized | (2,730 | ) | (1,181 | ) | ||||
| Amortization of previously capitalized interest | 191 | 90 | ||||||
| Total | $ | 148,308 | $ | 104,062 | ||||
Fixed Charges: | ||||||||
| Interest cost and debt expense | $ | 30,096 | $ | 27,868 | ||||
Interest allocable to rental expense(1) | 327 | 208 | ||||||
| Interest capitalized | 2,730 | 1,181 | ||||||
| Total | $ | 33,153 | $ | 29,257 | ||||
Ratio of Earnings to Fixed Charges | 4.47 | x | 3.56 | x | ||||
| (1) | Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |