Energen (EGN) 8-K Entry into a Material Definitive Agreement

Exhibit 12.1

Energen Corporation

Computation of Ratio of Earnings to Fixed Charges

(In Thousands, Except for Ratios)

	6 Months Ended 6/30/11				6  Months Ended 06/30/10		Pro Forma 12  Months Ended 12/31/10		12  Months Ended 12/31/10		12  Months Ended 12/31/09		12  Months Ended 12/31/08		12  Months Ended 12/31/07		12  Months Ended 12/31/06
	Pro Forma
Earnings, as defined:
Income from continuing operations before provision for income taxes and cumulative effect of change in accounting principle	$	242,804	$	249,082	$	270,540	$	439,706	$	457,797	$	400,296	$	514,958	$	476,641	$	428,553
Add:
Interest, net of amounts capitalized (1)		25,065		18,787		19,746		57,139		39,048		39,121		41,806		46,935		48,405
Appropriate portion of rent expense (1/3)*		3,217		3,217		3,113		6,190		6,190		7,176		7,134		6,071		5,282
Dividends on preferred stock of subsidiary		0		0		0		0		0		0		0		0		0
Total earnings, as defined	$	271,086	$	271,086	$	293,399	$	503,035	$	503,035	$	446,593	$	563,898	$	529,647	$	482,240
Fixed charges, as defined:
Interest (1)	$	25,145	$	18,867	$	19,804	$	57,313	$	39,222	$	39,379	$	41,981	$	47,100	$	48,652
Appropriate portion of rent expense (1/3)*		3,217		3,217		3,113		6,190		6,190		7,176		7,134		6,071		5,282
Dividends on preferred stock of subsidiary		0		0		0		0		0		0		0		0		0
Total fixed charges, as defined:	$	28,362	$	22,084	$	22,917	$	63,503	$	45,412	$	46,555	$	49,115	$	53,171	$	53,934
Ratio of earnings to fixed charges		9.56		12.28		12.80		7.92		11.08		9.59		11.48		9.96		8.94

(1) Includes amortization of debt discount and expense