WPX Energy (WPX) 10-Q2015 Q1 Quarterly report

Filed: 6 May 15, 12:00am

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New words: Boe, comparison, complimentary, count, critical, cumulative, decision, denial, Denver, depending, disposition, divestiture, doubt, employing, ensure, Faulkner, footnote, foreseeable, geologic, geophysical, greatly, headcount, interstate, lawsuit, main, MBoe, Millennium, NYSE, Oklahoma, ourAppalachian, package, paid, personnel, preserve, preserving, pretax, privately, prudent, ramping, realign, recognition, redefine, regional, relocation, renewed, repayment, roughly, run, slower, Southwestern, spring, stay, Stephen, stronger, suspending, Susquehanna, SWN, targeting, technology, temporarily, throughput, trim, Tulsa, undisclosed, voted, workforce, worse

Removed: abuse, accumulated, accumulation, acreage, amend, America, APAGF, Appalachia, began, begun, capable, casing, comprehensive, conducting, contracted, counter, delineating, delineation, deliver, denying, differentiate, discretion, double, ethane, existence, experienced, fully, Gallon, governance, grow, growing, highly, hub, hydrocarbon, IDR, inclusion, intersegment, kevin, leave, Legacy, LP, Mcf, Mcfe, MLP, move, NASDAQ, negotiating, newly, organized, ownership, panel, Partnership, planning, plugged, President, pressured, principal, produced, reclassified, reconciliation, reflective, relation, reportable, seismic, South, storage, subsidy, unfavorably, unrealized, utilizing, vann, variable, vendor, vertical, Vice, White

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Exhibit 12

WPX Energy, Inc.

Computation of Ratio of Earnings to Fixed Charges



	Three months ended March 31,
	2015
	(Millions)
Earnings:
Income (loss) from continuing operations before income taxes	$	35
Less: Equity earnings, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees	(1		)
Income (loss) before income taxes and equity earnings	34
Add:
Fixed Charges:
Interest accrued, including proportionate share from 50% owned investees and unconsolidated majority-owned investees (a)	33
Rental expense representative of interest factor	2
Total fixed charges	35
Distributed income of equity-method investees, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees	1
Less:
Capitalized interest	(1		)
Total earnings as adjusted	$	69
Fixed charges	$	35
Ratio of earnings to fixed charges	1.97

__________


(a)	Does not include interest related to income taxes, including interest related to liabilities for uncertain tax positions, which is included in provision (benefit) for income taxes in our Consolidated Statements of Operations.